Citi Trends, Inc. (NASDAQ:CTRN) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Citi Trends, Inc. (NASDAQ:CTRN) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 608,553 shares of the company’s stock after purchasing an additional 37,107 shares during the period. Dimensional Fund Advisors LP owned 7.08% of Citi Trends worth $12,938,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTRN. Fund 1 Investments LLC increased its position in shares of Citi Trends by 55.6% during the fourth quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company’s stock worth $37,594,000 after purchasing an additional 474,736 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of 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. Anchor Capital Advisors LLC grew its holdings in shares of Citi Trends by 11.3% in the 2nd quarter. Anchor Capital Advisors LLC now owns 52,247 shares of the company’s stock worth $1,111,000 after acquiring an additional 5,307 shares during the period. SG Americas Securities LLC acquired a new position in shares of Citi Trends during the 1st quarter worth $139,000. Finally, Empowered Funds LLC lifted its holdings in shares of Citi Trends by 8.0% in the first quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock valued at $577,000 after purchasing an additional 1,575 shares in the last quarter.

Citi Trends Stock Up 4.0 %

Shares of NASDAQ CTRN opened at $19.50 on Friday. Citi Trends, Inc. has a 52-week low of $13.65 and a 52-week high of $32.90. The stock has a market capitalization of $167.60 million, a P/E ratio of -18.06 and a beta of 2.40. The stock’s 50 day moving average price is $16.53 and its two-hundred day moving average price is $20.46.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Tuesday, August 27th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($1.42). Citi Trends had a negative return on equity of 12.62% and a negative net margin of 2.92%. The company had revenue of $176.55 million during the quarter.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CTRN. Craig Hallum decreased their price target on shares of Citi Trends from $25.00 to $14.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. StockNews.com cut shares of Citi Trends from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th. Finally, DA Davidson lowered their price objective on shares of Citi Trends from $33.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th.

Insider Buying and Selling

In related news, CEO Kenneth Duane Seipel bought 135,128 shares of the stock in a transaction on Friday, July 12th. The shares were purchased at an average price of $19.06 per share, with a total value of $2,575,539.68. Following the purchase, the chief executive officer now owns 319,562 shares in the company, valued at approximately $6,090,851.72. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Citi Trends news, CEO Kenneth Duane Seipel purchased 135,128 shares of the business’s stock in a transaction on Friday, July 12th. The stock was bought at an average cost of $19.06 per share, with a total value of $2,575,539.68. Following the acquisition, the chief executive officer now owns 319,562 shares of the company’s stock, valued at $6,090,851.72. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Heather L. Plutino acquired 3,573 shares of the stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $13.99 per share, for a total transaction of $49,986.27. Following the purchase, the chief financial officer now directly owns 21,316 shares in the company, valued at approximately $298,210.84. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 256,699 shares of company stock valued at $4,740,538 in the last three months. 3.80% of the stock is currently owned by corporate 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.