Citi Trends (NASDAQ:CTRN – Get Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
Several other equities analysts also recently commented on the company. 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 report on Wednesday, December 4th. DA Davidson upped 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 Up 2.1 %
Citi Trends (NASDAQ:CTRN – Get Free Report) last released 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 related news, Director Jonathan Duskin sold 12,000 shares of the firm’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 transaction, the director now owns 33,396 shares in the company, valued at approximately $882,990.24. This trade represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On Citi Trends
Large investors have recently bought and sold shares of the company. Quest Partners LLC acquired a new position in Citi Trends during the third quarter valued at approximately $40,000. R Squared Ltd bought a new position in shares of Citi Trends in the 4th quarter valued at $85,000. Quantbot Technologies LP raised its holdings in shares of Citi Trends by 111.3% during the 3rd quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock worth $148,000 after buying an additional 4,250 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Citi Trends during the 3rd quarter worth $193,000. Finally, XTX Topco Ltd bought a new stake in shares of Citi Trends during the 3rd quarter worth $339,000.
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.
Read More
- Five stocks we like better than Citi Trends
- What Are the FAANG Stocks and Are They Good Investments?
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- Dividend Payout Ratio Calculator
- What Does the Future Hold for Eli Lilly?
- Canada Bond Market Holiday: How to Invest and Trade
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Receive News & Ratings for Citi Trends Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citi Trends and related companies with MarketBeat.com's FREE daily email newsletter.