Shares of Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.17 and traded as high as $26.12. Citi Trends shares last traded at $25.96, with a volume of 24,331 shares.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Craig Hallum increased their price objective on Citi Trends from $14.00 to $20.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. DA Davidson increased their price target on shares of Citi Trends from $20.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of Citi Trends from a "hold" rating to a "sell" rating in a research note on Friday, December 6th.
Get Our Latest Analysis on CTRN
Citi Trends Stock Up 1.1 %
The company has a fifty day moving average price of $21.02 and a 200 day moving average price of $19.20. The stock has a market cap of $226.11 million, a PE ratio of -8.46 and a beta of 2.37.
Hedge Funds Weigh In On Citi Trends
Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Citi Trends by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 608,553 shares of the company's stock valued at $12,938,000 after purchasing an additional 37,107 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Citi Trends during the 3rd quarter valued at $1,723,000. Renaissance Technologies LLC purchased a new stake in Citi Trends during the 2nd quarter valued at $584,000. Anchor Capital Advisors LLC grew its holdings in Citi Trends by 11.3% in the 2nd quarter. Anchor Capital Advisors LLC now owns 52,247 shares of the company's stock worth $1,111,000 after acquiring an additional 5,307 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Citi Trends by 5.3% in the third quarter. Empowered Funds LLC now owns 24,083 shares of the company's stock valued at $442,000 after acquiring an additional 1,206 shares during the period.
Citi Trends Company Profile
(
Get Free Report)
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.
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