Jane Street Group LLC Takes Position in Citi Trends, Inc. (NASDAQ:CTRN)

Jane Street Group LLC bought a new position in shares of Citi Trends, Inc. (NASDAQ:CTRN) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,519 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned 0.12% of Citi Trends as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Citi Trends by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 608,553 shares of the company’s stock worth $12,938,000 after acquiring an additional 37,107 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Citi Trends in the third quarter valued at $1,723,000. Renaissance Technologies LLC acquired a new position in Citi Trends during the 2nd quarter worth $584,000. Empowered Funds LLC increased its holdings in 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 purchasing an additional 1,206 shares during the period. Finally, Rhumbline Advisers raised its position in Citi Trends by 41,964.0% in the 2nd quarter. Rhumbline Advisers now owns 10,516 shares of the company’s stock valued at $224,000 after purchasing an additional 10,491 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Craig Hallum boosted their price objective on Citi Trends from $14.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. DA Davidson boosted 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, December 4th. Finally, StockNews.com lowered shares of Citi Trends from a “hold” rating to a “sell” rating in a report on Friday, December 6th.

Citi Trends Stock Performance

CTRN opened at $26.40 on Monday. Citi Trends, Inc. has a one year low of $13.65 and a one year high of $32.90. The company has a market cap of $229.94 million, a P/E ratio of -8.60 and a beta of 2.27. The business’s 50-day simple moving average is $22.79 and its 200-day simple moving average is $19.63.

Insider Buying and Selling at Citi Trends

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $26.44, for a total value of $317,280.00. Following the completion of the transaction, the director now owns 33,396 shares in the company, valued at $882,990.24. This represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.80% of the stock is currently owned by insiders.

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.