Citi Trends (NASDAQ:CTRN) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Citi Trends, Inc. (NASDAQ:CTRN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.19 and traded as high as $24.91. Citi Trends shares last traded at $24.78, with a volume of 65,990 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CTRN shares. DA Davidson boosted their target price on Citi Trends from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. StockNews.com lowered shares of Citi Trends from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Finally, Craig Hallum lifted their price target on Citi Trends from $14.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th.

Citi Trends Stock Up 1.5 %

The stock has a market capitalization of $213.60 million, a P/E ratio of -8.07 and a beta of 2.36. The stock has a 50 day simple moving average of $20.16 and a two-hundred day simple moving average of $19.19.

Institutional Trading of Citi Trends

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in shares of Citi Trends by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 24,083 shares of the company’s stock worth $442,000 after acquiring an additional 1,206 shares during the period. Quest Partners LLC acquired a new position in shares of Citi Trends in the third quarter valued at about $40,000. Quantbot Technologies LP grew its position in shares of Citi Trends by 111.3% during the 3rd quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock worth $148,000 after purchasing an additional 4,250 shares in the last quarter. Barclays PLC increased its stake in Citi Trends by 19.9% during the 3rd quarter. Barclays PLC now owns 25,953 shares of the company’s stock worth $478,000 after acquiring an additional 4,300 shares during the period. Finally, Anchor Capital Advisors LLC raised its stake in Citi Trends by 11.3% in the second quarter. Anchor Capital Advisors LLC now owns 52,247 shares of the company’s stock valued at $1,111,000 after purchasing an additional 5,307 shares in the last quarter.

About Citi Trends

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.