Citi Trends, Inc. (NASDAQ:CTRN) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its holdings in Citi Trends, Inc. (NASDAQ:CTRN) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,523 shares of the company’s stock after purchasing an additional 6,702 shares during the quarter. Exchange Traded Concepts LLC owned about 1.15% of Citi Trends worth $2,639,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Quest Partners LLC acquired a new stake in shares of Citi Trends during the third quarter worth about $40,000. Quantbot Technologies LP grew its stake 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 valued at $148,000 after purchasing an additional 4,250 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Citi Trends in the third quarter valued at approximately $193,000. Deerfield Management Company L.P. Series C purchased a new stake in shares of Citi Trends during the second quarter worth approximately $208,000. Finally, Rhumbline Advisers lifted its holdings in shares of 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.

Insiders Place Their Bets

In related news, Director Jonathan Duskin sold 12,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was 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 directly owns 33,396 shares in the company, valued at approximately $882,990.24. This represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CTRN. StockNews.com cut shares of Citi Trends from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Craig Hallum boosted their price objective on shares of Citi Trends from $14.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, DA Davidson increased their target price on shares of Citi Trends from $20.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th.

Citi Trends Trading Up 0.2 %

Citi Trends stock opened at $26.91 on Friday. The stock has a 50-day moving average price of $24.37 and a 200 day moving average price of $20.10. Citi Trends, Inc. has a 52 week low of $13.65 and a 52 week high of $32.90. The stock has a market cap of $234.39 million, a PE ratio of -8.77 and a beta of 2.27.

Citi Trends (NASDAQ:CTRN) last issued its quarterly earnings results 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%.

Citi Trends Company Profile

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.