Citi Trends (NASDAQ:CTRN) Shares Cross Above 200 Day Moving Average – Should You Sell?

Citi Trends, Inc. (NASDAQ:CTRN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $22.31 and traded as high as $23.14. Citi Trends shares last traded at $22.77, with a volume of 54,962 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com raised Citi Trends from a “sell” rating to a “hold” rating in a report on Friday. DA Davidson reissued a “buy” rating and issued a $29.00 target price on shares of Citi Trends in a report on Wednesday, March 19th. Finally, Craig Hallum raised Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, February 10th.

Citi Trends Stock Performance

The stock has a market cap of $197.11 million, a P/E ratio of -7.37 and a beta of 2.29. The business’s 50-day moving average price is $24.53 and its 200-day moving average price is $22.37.

Citi Trends (NASDAQ:CTRN) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($1.55) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($1.73). Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%. The company had revenue of $211.17 million for the quarter, compared to the consensus estimate of $211.54 million. During the same period in the prior year, the firm posted $0.53 EPS.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quest Partners LLC purchased a new position in shares of Citi Trends in the third quarter valued at about $40,000. Quantbot Technologies LP raised its stake in Citi Trends by 111.3% during the 3rd quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock valued at $148,000 after purchasing an additional 4,250 shares during the period. Jane Street Group LLC purchased a new position in Citi Trends in the 3rd quarter worth approximately $193,000. XTX Topco Ltd purchased a new position in Citi Trends in the 3rd quarter worth approximately $339,000. Finally, Barclays PLC boosted its stake in Citi Trends by 19.9% in the 3rd quarter. Barclays PLC now owns 25,953 shares of the company’s stock worth $478,000 after purchasing an additional 4,300 shares during the period.

Citi Trends Company Profile

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. The company 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.