Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.02 and traded as high as $27.35. Citi Trends shares last traded at $27.13, with a volume of 68,543 shares trading hands.
Analysts Set New Price Targets
A number of research analysts recently commented on CTRN shares. Benchmark reiterated a "buy" rating and issued a $35.00 price target on shares of Citi Trends in a research note on Wednesday, March 20th. Craig Hallum restated a "hold" rating and issued a $27.00 price target (down from $28.00) on shares of Citi Trends in a research note on Tuesday, March 19th.
View Our Latest Analysis on Citi Trends
Citi Trends Stock Up 1.3 %
The business's 50 day simple moving average is $29.02 and its 200-day simple moving average is $26.05. The stock has a market capitalization of $231.80 million, a price-to-earnings ratio of -18.46 and a beta of 2.39.
Insider Activity at Citi Trends
In other Citi Trends news, major shareholder Fund 1 Investments, Llc purchased 31,634 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $31.21 per share, for a total transaction of $987,297.14. Following the purchase, the insider now owns 1,470,780 shares in the company, valued at approximately $45,903,043.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 142,938 shares of company stock valued at $4,342,982 over the last three months. 4.20% of the stock is owned by insiders.
Institutional Trading of Citi Trends
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in Citi Trends during the 3rd quarter worth $1,089,000. Citigroup Inc. increased its stake in shares of Citi Trends by 60,229.1% in the third quarter. Citigroup Inc. now owns 33,181 shares of the company's stock valued at $737,000 after buying an additional 33,126 shares during the period. Jennison Associates LLC increased its stake in shares of Citi Trends by 47.5% in the third quarter. Jennison Associates LLC now owns 376,278 shares of the company's stock valued at $8,361,000 after buying an additional 121,134 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Citi Trends during the 3rd quarter worth approximately $1,617,000. Finally, Hsbc Holdings PLC bought a new stake in Citi Trends during the 3rd quarter worth approximately $229,000.
About Citi Trends
(
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Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. It offers apparel, such as fashion sportswear and footwear for men and ladies, as well as apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.
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