Citi Trends (NASDAQ:CTRN) Upgraded at StockNews.com

Citi Trends (NASDAQ:CTRN) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

CTRN has been the topic of a number of other research reports. Craig Hallum boosted 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 lifted their price target 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 NASDAQ CTRN traded down $0.85 during mid-day trading on Monday, reaching $26.06. The company had a trading volume of 73,836 shares, compared to its average volume of 69,715. The stock has a fifty day moving average of $24.57 and a two-hundred day moving average of $20.15. Citi Trends has a 12-month low of $13.65 and a 12-month high of $32.90. The company has a market capitalization of $226.98 million, a price-to-earnings ratio of -8.49 and a beta of 2.27.

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

Insider Buying and Selling

In related news, Director Jonathan Duskin sold 12,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 33,396 shares of the company’s stock, valued at approximately $882,990.24. This trade represents a 26.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Citi Trends by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 608,553 shares of the company’s stock worth $12,938,000 after buying an additional 37,107 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Citi Trends during the 2nd quarter valued at $584,000. Exchange Traded Concepts LLC bought a new stake in Citi Trends in the 3rd quarter valued at $1,723,000. Royce & Associates LP grew its position in Citi Trends by 5.4% in the 3rd quarter. Royce & Associates LP now owns 196,110 shares of the company’s stock worth $3,603,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of 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.

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.