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

StockNews.com upgraded shares of Citi Trends (NASDAQ:CTRN) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

Other equities research analysts have also issued research reports about the company. Craig Hallum raised Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Monday, February 10th. DA Davidson lifted their price objective on Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th.

Citi Trends Price Performance

Shares of Citi Trends stock opened at $28.19 on Wednesday. Citi Trends has a 1 year low of $13.65 and a 1 year high of $32.90. The firm has a market cap of $245.53 million, a PE ratio of -9.18 and a beta of 2.27. The stock has a fifty day moving average price of $26.04 and a 200-day moving average price of $20.79.

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

Insiders Place Their Bets

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of the firm’s stock in a transaction dated 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 owns 33,396 shares in the company, valued at $882,990.24. This trade represents a 26.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quest Partners LLC bought a new position in Citi Trends in the 3rd quarter worth about $40,000. R Squared Ltd bought a new stake in shares of Citi Trends during the 4th quarter valued at about $85,000. Wells Fargo & Company MN boosted its position in shares of Citi Trends by 22.8% during the 4th quarter. Wells Fargo & Company MN now owns 3,745 shares of the company’s stock valued at $98,000 after acquiring an additional 695 shares during the last quarter. MetLife Investment Management LLC bought a new stake in shares of Citi Trends during the 4th quarter valued at about $105,000. Finally, Quantbot Technologies LP boosted its position 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 valued at $148,000 after acquiring an additional 4,250 shares during the last quarter.

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.