Citi Trends (NASDAQ:CTRN) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Citi Trends (NASDAQ:CTRN) from a sell rating to a hold rating in a report issued on Monday.

CTRN has been the topic of a number of other research reports. Craig Hallum upped their target price on Citi Trends from $14.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. DA Davidson boosted their price objective on Citi Trends from $20.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th.

Citi Trends Stock Performance

Shares of Citi Trends stock opened at $26.06 on Monday. The stock has a market cap of $226.98 million, a price-to-earnings ratio of -8.49 and a beta of 2.27. The stock has a 50 day moving average price of $24.57 and a 200-day moving average price of $20.15. Citi Trends has a one year low of $13.65 and a one year high of $32.90.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.78) EPS for the quarter. Citi Trends had a negative return on equity of 14.43% and a negative net margin of 3.36%.

Insider Activity

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $26.44, for a total transaction of $317,280.00. Following the transaction, the director now directly owns 33,396 shares in the company, valued at $882,990.24. This represents a 26.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Citi Trends

Several hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new stake in Citi Trends during the fourth quarter valued at about $85,000. Exchange Traded Concepts LLC lifted its position in shares of Citi Trends by 7.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 100,523 shares of the company’s stock valued at $2,639,000 after buying an additional 6,702 shares during the last quarter. Barclays PLC boosted its holdings in shares of Citi Trends by 19.9% in the 3rd quarter. Barclays PLC now owns 25,953 shares of the company’s stock valued at $478,000 after buying an additional 4,300 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Citi Trends in the 3rd quarter worth approximately $339,000. Finally, Jane Street Group LLC bought a new position in shares of Citi Trends during the 3rd quarter worth approximately $193,000.

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.