Citi Trends (NASDAQ:CTRN) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• CTRN moved above its 200‑day moving average, trading as high as $48.11 and last at $45.82 on volume of 142,057 versus a 200‑day MA of $41.93.
• Analyst views are mixed: two buys and one sell result in a MarketBeat consensus of "Hold" with a consensus price target of $68.00.
• The company's latest quarterly results beat estimates—EPS $0.85 vs. $0.78 and revenue $230.4M vs. $227.4M—but it shows a negative return on equity (-4.85%), thin net margins, a P/E of 77.66 and a market cap of about $382M.

Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.93 and traded as high as $48.11. Citi Trends shares last traded at $45.82, with a volume of 142,057 shares trading hands.

Analyst Ratings Changes

CTRN has been the topic of several research reports. Craig Hallum reaffirmed a "buy" rating on shares of Citi Trends in a research report on Wednesday, March 18th. DA Davidson set a $68.00 target price on Citi Trends in a research report on Tuesday, March 17th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Citi Trends in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded Citi Trends from a "buy" rating to a "hold" rating in a research report on Monday, December 15th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Citi Trends has a consensus rating of "Hold" and a consensus price target of $68.00.

Citi Trends Price Performance

The firm has a market cap of $382.37 million, a price-to-earnings ratio of 77.66 and a beta of 2.04. The stock has a 50-day moving average of $45.48 and a 200-day moving average of $41.93.

Citi Trends (NASDAQ:CTRN - Get Free Report) last issued its quarterly earnings results on Tuesday, March 17th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. The business had revenue of $230.39 million for the quarter, compared to the consensus estimate of $227.42 million. Citi Trends had a negative return on equity of 4.85% and a net margin of 0.64%.

Institutional Investors Weigh In On Citi Trends

A number of large investors have recently modified their holdings of the business. Hsbc Holdings PLC boosted its holdings in shares of Citi Trends by 4.5% in the 4th quarter. Hsbc Holdings PLC now owns 13,589 shares of the company's stock valued at $559,000 after purchasing an additional 586 shares in the last quarter. Occudo Quantitative Strategies LP boosted its holdings in shares of Citi Trends by 68.7% in the 4th quarter. Occudo Quantitative Strategies LP now owns 17,422 shares of the company's stock valued at $724,000 after purchasing an additional 7,092 shares in the last quarter. Man Group plc boosted its holdings in shares of Citi Trends by 68.4% in the 4th quarter. Man Group plc now owns 23,567 shares of the company's stock valued at $979,000 after purchasing an additional 9,571 shares in the last quarter. EVR Research LP acquired a new stake in shares of Citi Trends in the 4th quarter valued at $1,247,000. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Citi Trends by 2.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 36,692 shares of the company's stock valued at $1,525,000 after purchasing an additional 800 shares in the last quarter.

About Citi Trends

Citi Trends, Inc NASDAQ: CTRN is an off-price retail apparel chain that focuses on value-priced urban fashion apparel and accessories for men, women, and children. Headquartered in Savannah, Georgia, the company offers a broad assortment of merchandise, including denim, sportswear, activewear, and seasonal styles, complemented by footwear, jewelry, cosmetics, and home goods. Through its purchasing model, Citi Trends sources closeouts, overstocks and canceled orders from name-brand vendors, enabling it to offer trending styles at competitive price points.

The company operates more than 500 stores across the Southeastern and Mid-Atlantic regions of the United States, with typical store footprints of approximately 11,000 square feet.

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