JPMorgan Chase & Co. Has $4 Million Position in Citi Trends, Inc. (NASDAQ:CTRN)

JPMorgan Chase & Co. raised its stake in Citi Trends, Inc. (NASDAQ:CTRN) by 5,400.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 152,422 shares of the company’s stock after buying an additional 149,651 shares during the quarter. JPMorgan Chase & Co.’s holdings in Citi Trends were worth $4,001,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTRN. Exchange Traded Concepts LLC boosted its position in Citi Trends by 7.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 100,523 shares of the company’s stock valued at $2,639,000 after purchasing an additional 6,702 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Citi Trends by 157.3% in the 4th quarter. Rhumbline Advisers now owns 31,089 shares of the company’s stock valued at $816,000 after buying an additional 19,005 shares in the last quarter. Barclays PLC increased its holdings in Citi Trends by 19.9% in the third quarter. Barclays PLC now owns 25,953 shares of the company’s stock worth $478,000 after buying an additional 4,300 shares during the last quarter. Empowered Funds LLC raised its position in Citi Trends by 5.0% during the fourth quarter. Empowered Funds LLC now owns 25,278 shares of the company’s stock valued at $664,000 after acquiring an additional 1,195 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Citi Trends in the third quarter valued at approximately $193,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CTRN shares. Craig Hallum upgraded shares of Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Monday, February 10th. DA Davidson restated a “buy” rating and set a $29.00 target price on shares of Citi Trends in a report on Wednesday, March 19th. Finally, StockNews.com raised Citi Trends from a “sell” rating to a “hold” rating in a research report on Friday, March 28th.

Citi Trends Price Performance

Shares of CTRN opened at $19.84 on Monday. The company has a market capitalization of $172.81 million, a PE ratio of -6.46 and a beta of 2.02. Citi Trends, Inc. has a one year low of $13.66 and a one year high of $29.41. The company’s fifty day moving average price is $22.47 and its 200 day moving average price is $22.70.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings data on Tuesday, March 18th. The company reported ($1.55) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($1.73). The business had revenue of $211.17 million for the quarter, compared to analyst estimates of $211.54 million. Citi Trends had a negative return on equity of 14.43% and a negative net margin of 3.36%. During the same period in the prior year, the firm posted $0.53 EPS.

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.