Citi Trends (NASDAQ:CTRN) Stock Rating Upgraded by StockNews.com

Citi Trends (NASDAQ:CTRNGet 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.

Get Our Latest Report on CTRN

Citi Trends Stock Up 2.1 %

CTRN opened at $26.61 on Monday. The stock has a market cap of $231.77 million, a price-to-earnings ratio of -8.67 and a beta of 2.27. Citi Trends has a 12-month low of $13.65 and a 12-month high of $32.90. The business has a 50 day moving average of $24.74 and a 200-day moving average of $20.21.

Citi Trends (NASDAQ:CTRNGet 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

(Get Free Report)

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.

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