Citi Trends (NASDAQ:CTRN) Rating Lowered to “Sell” at StockNews.com

Citi Trends (NASDAQ:CTRN) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Other equities analysts have also issued research reports about the stock. DA Davidson lifted their price target on shares of Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday. Craig Hallum lifted their target price on Citi Trends from $14.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday.

Citi Trends Price Performance

NASDAQ:CTRN opened at $25.00 on Friday. Citi Trends has a one year low of $13.65 and a one year high of $32.90. The company has a market cap of $215.50 million, a PE ratio of -8.14 and a beta of 2.36. The firm’s 50 day simple moving average is $19.42 and its 200 day simple moving average is $19.10.

Institutional Investors Weigh In On Citi Trends

Institutional investors have recently modified their holdings of the company. Quest Partners LLC acquired a new position in Citi Trends in the third quarter valued at $40,000. Quantbot Technologies LP raised its position in shares of Citi Trends by 111.3% in the 3rd quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock worth $148,000 after acquiring an additional 4,250 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Citi Trends in the 3rd quarter valued at about $193,000. Deerfield Management Company L.P. Series C bought a new stake in shares of Citi Trends during the 2nd quarter valued at about $208,000. Finally, Rhumbline Advisers grew its stake in Citi Trends by 41,964.0% during the second quarter. Rhumbline Advisers now owns 10,516 shares of the company’s stock worth $224,000 after purchasing an additional 10,491 shares during the period.

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.