Citi Trends (NASDAQ:CTRN) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Citi Trends (NASDAQ:CTRN) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Several other equities analysts have also issued reports on the company. DA Davidson upped their target price on Citi Trends from $20.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Craig Hallum upped their target price on Citi Trends from $14.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 4th.

Citi Trends Price Performance

Shares of Citi Trends stock opened at $24.34 on Tuesday. Citi Trends has a one year low of $13.65 and a one year high of $32.90. The firm has a market capitalization of $212.00 million, a price-to-earnings ratio of -7.93 and a beta of 2.27. The business has a 50-day simple moving average of $25.51 and a 200 day simple moving average of $20.43.

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 return on equity of 14.43% and a negative net margin of 3.36%.

Insider Buying and Selling at Citi Trends

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of the stock in a transaction on Thursday, December 26th. The shares were 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 in the company, valued at approximately $882,990.24. This trade represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Citi Trends

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in Citi Trends by 157.3% in the 4th quarter. Rhumbline Advisers now owns 31,089 shares of the company’s stock worth $816,000 after purchasing an additional 19,005 shares during the period. Empowered Funds LLC lifted its holdings in shares of 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 in the last quarter. R Squared Ltd acquired a new position in shares of Citi Trends during the fourth quarter worth about $85,000. Exchange Traded Concepts LLC grew its holdings in shares of Citi Trends by 7.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 100,523 shares of the company’s stock worth $2,639,000 after buying an additional 6,702 shares in the last quarter. Finally, Barclays PLC raised its position in Citi Trends by 19.9% in the 3rd quarter. Barclays PLC now owns 25,953 shares of the company’s stock valued at $478,000 after buying an additional 4,300 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.