Citi Trends (NASDAQ:CTRN) Stock Crosses Above 50 Day Moving Average of $14.68

Citi Trends, Inc. (NASDAQ:CTRN) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.68 and traded as high as $15.86. Citi Trends shares last traded at $15.80, with a volume of 25,099 shares changing hands.

Several research firms have recently weighed in on CTRN. BidaskClub raised Zai Lab from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, TheStreet downgraded ZovioInc . from a “c-” rating to a “d” rating in a research report on Thursday, May 23rd.

The company has a market capitalization of $184.26 million, a PE ratio of 9.59 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.67 and a current ratio of 1.68. The firm’s 50-day moving average is $14.70.

Citi Trends (NASDAQ:CTRN) last released its earnings results on Thursday, May 23rd. The company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.13). Citi Trends had a net margin of 2.34% and a return on equity of 9.68%. The company had revenue of $205.03 million for the quarter. On average, analysts forecast that Citi Trends, Inc. will post 1.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Monday, June 3rd. Citi Trends’s payout ratio is currently 19.51%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in Citi Trends by 1.9% during the 4th quarter. BlackRock Inc. now owns 1,146,882 shares of the company’s stock valued at $23,384,000 after acquiring an additional 21,027 shares during the period. Foundry Partners LLC boosted its holdings in Citi Trends by 39.0% during the 1st quarter. Foundry Partners LLC now owns 222,535 shares of the company’s stock valued at $4,297,000 after acquiring an additional 62,460 shares during the period. LSV Asset Management boosted its holdings in Citi Trends by 4.0% during the 1st quarter. LSV Asset Management now owns 213,300 shares of the company’s stock valued at $4,118,000 after acquiring an additional 8,300 shares during the period. Garnet Equity Capital Holdings Inc. boosted its holdings in Citi Trends by 67.6% during the 1st quarter. Garnet Equity Capital Holdings Inc. now owns 198,300 shares of the company’s stock valued at $3,829,000 after acquiring an additional 80,000 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Citi Trends by 20.6% during the 4th quarter. Geode Capital Management LLC now owns 186,449 shares of the company’s stock valued at $3,801,000 after acquiring an additional 31,850 shares during the period. Institutional investors own 92.12% of the company’s stock.

About Citi Trends (NASDAQ:CTRN)

Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, such as fashion sportswear for men and women, as well as children, including newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional bedroom, bathroom, and kitchen products, as well as beauty products and toys.

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