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

Citi Trends (NASDAQ:CTRN) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Other analysts have also issued reports about the company. Craig Hallum raised Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Monday. DA Davidson increased their target price 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 NASDAQ CTRN opened at $28.03 on Wednesday. The stock’s fifty day moving average price is $25.90 and its two-hundred day moving average price is $20.63. Citi Trends has a one year low of $13.65 and a one year high of $32.90. The firm has a market cap of $244.14 million, a price-to-earnings ratio of -9.13 and a beta of 2.27.

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

Insider Activity at Citi Trends

In related 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 sale, the director now directly owns 33,396 shares of the company’s stock, valued at $882,990.24. This trade represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.80% of the stock is currently owned by insiders.

Institutional Trading of Citi Trends

Several large investors have recently bought and sold shares of CTRN. Empowered Funds LLC raised its position in Citi Trends by 5.0% in the fourth quarter. Empowered Funds LLC now owns 25,278 shares of the company’s stock valued at $664,000 after purchasing an additional 1,195 shares during the last quarter. Quest Partners LLC bought a new position in Citi Trends in the third quarter valued at about $40,000. R Squared Ltd bought a new position in Citi Trends in the fourth quarter valued at about $85,000. Quantbot Technologies LP raised its position in shares of Citi Trends by 111.3% during the third quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock worth $148,000 after acquiring an additional 4,250 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Citi Trends by 19.9% during the third quarter. Barclays PLC now owns 25,953 shares of the company’s stock worth $478,000 after acquiring an additional 4,300 shares during the last quarter.

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.