Arrowstreet Capital Limited Partnership Has $1.58 Million Position in Citi Trends, Inc. (NASDAQ:CTRN)

Arrowstreet Capital Limited Partnership boosted its stake in Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 130.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,991 shares of the company's stock after buying an additional 33,946 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.69% of Citi Trends worth $1,575,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Citi Trends during the 4th quarter worth about $85,000. AlphaQuest LLC raised its stake in shares of Citi Trends by 287.5% in the fourth quarter. AlphaQuest LLC now owns 8,354 shares of the company's stock worth $219,000 after acquiring an additional 6,198 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Citi Trends during the third quarter worth approximately $193,000. XTX Topco Ltd bought a new stake in shares of Citi Trends during the third quarter valued at approximately $339,000. Finally, Empowered Funds LLC increased 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CTRN. StockNews.com raised Citi Trends from a "sell" rating to a "hold" rating in a report on Friday, March 28th. DA Davidson reiterated a "buy" rating and issued a $29.00 price target on shares of Citi Trends in a report on Wednesday, March 19th. Finally, Craig Hallum upgraded Citi Trends from a "hold" rating to a "buy" rating and set a $36.00 price objective for the company in a research report on Monday, February 10th.

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Citi Trends Price Performance

Shares of CTRN stock traded down $0.36 during trading hours on Wednesday, reaching $19.23. The company had a trading volume of 550 shares, compared to its average volume of 124,432. Citi Trends, Inc. has a 1-year low of $13.66 and a 1-year high of $29.41. The company has a 50 day moving average of $22.89 and a 200 day moving average of $22.64. The firm has a market cap of $167.48 million, a price-to-earnings ratio of -6.25 and a beta of 2.02.

Citi Trends (NASDAQ:CTRN - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported ($1.55) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($1.73). The company had revenue of $211.17 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.53 EPS.

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.