Jane Street Group LLC Takes $193,000 Position in Citi Trends, Inc. (NASDAQ:CTRN)

Jane Street Group LLC purchased a new stake in Citi Trends, Inc. (NASDAQ:CTRN) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 10,519 shares of the company’s stock, valued at approximately $193,000.

A number of other large investors have also recently bought and sold shares of CTRN. Dimensional Fund Advisors LP raised its holdings 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 valued at $12,938,000 after buying an additional 37,107 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Citi Trends during the 3rd quarter valued at approximately $1,723,000. Renaissance Technologies LLC purchased a new position in shares of Citi Trends in the 2nd quarter valued at approximately $584,000. Empowered Funds LLC increased its holdings in shares of Citi Trends by 5.3% in the third quarter. Empowered Funds LLC now owns 24,083 shares of the company’s stock valued at $442,000 after purchasing an additional 1,206 shares during the period. Finally, Rhumbline Advisers raised its stake 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 last quarter.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. DA Davidson boosted their price objective on shares of Citi Trends from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Craig Hallum boosted their price target on shares of Citi Trends from $14.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, StockNews.com downgraded shares of Citi Trends from a “hold” rating to a “sell” rating in a research report on Friday, December 6th.

Insider Transactions at Citi Trends

In other news, Director Jonathan Duskin sold 12,000 shares of the business’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 transaction of $317,280.00. Following the sale, the director now owns 33,396 shares of the company’s stock, valued at $882,990.24. The trade was a 26.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Citi Trends Stock Performance

NASDAQ:CTRN opened at $26.40 on Monday. Citi Trends, Inc. has a 1 year low of $13.65 and a 1 year high of $32.90. The stock has a fifty day moving average price of $22.79 and a two-hundred day moving average price of $19.63. The stock has a market capitalization of $229.94 million, a price-to-earnings ratio of -8.60 and a beta of 2.27.

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.