Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report)'s stock price 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.
Analyst Ratings Changes
CTRN has been the topic of several research reports. Craig Hallum raised their price objective on shares of 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 raised their price target on 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 cut Citi Trends from a "hold" rating to a "sell" rating in a report on Friday, December 6th.
View Our Latest Stock Analysis on CTRN
Citi Trends Trading 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's fifty day moving average price is $20.16 and its two-hundred day moving average price is $19.15.
Institutional Investors Weigh In On Citi Trends
Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC increased its stake in shares of Citi Trends by 19.9% in the third quarter. Barclays PLC now owns 25,953 shares of the company's stock worth $478,000 after buying an additional 4,300 shares during the period. XTX Topco Ltd bought a new stake in Citi Trends in the 3rd quarter worth $339,000. Jane Street Group LLC purchased a new position in shares of Citi Trends in the third quarter valued at about $193,000. Quantbot Technologies LP raised its stake in shares of Citi Trends by 111.3% during the third quarter. Quantbot Technologies LP now owns 8,070 shares of the company's stock valued at $148,000 after acquiring an additional 4,250 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Citi Trends during the third quarter worth about $40,000.
About Citi Trends
(
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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