Charles Schwab Investment Management Inc. cut its position in Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 41.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,835 shares of the company's stock after selling 51,188 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.81% of Citi Trends worth $1,859,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in Citi Trends in the 3rd quarter valued at about $40,000. R Squared Ltd purchased a new position in shares of Citi Trends in the fourth quarter worth about $85,000. Quantbot Technologies LP raised its position in shares of Citi Trends by 111.3% in the third quarter. Quantbot Technologies LP now owns 8,070 shares of the company's stock valued at $148,000 after purchasing an additional 4,250 shares during the period. Jane Street Group LLC purchased a new stake in shares of Citi Trends during the 3rd quarter valued at approximately $193,000. Finally, XTX Topco Ltd bought a new position in Citi Trends in the 3rd quarter worth approximately $339,000.
Citi Trends Trading Down 2.2 %
Shares of CTRN traded down $0.49 during mid-day trading on Monday, reaching $22.14. 67,979 shares of the stock traded hands, compared to its average volume of 124,638. The company has a market cap of $192.84 million, a price-to-earnings ratio of -7.21 and a beta of 2.29. Citi Trends, Inc. has a 1 year low of $13.66 and a 1 year high of $29.41. The firm has a fifty day moving average price of $24.53 and a 200 day moving average price of $22.43.
Citi Trends (NASDAQ:CTRN - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported ($1.55) EPS 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 analysts' expectations 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 in the previous year, the firm earned $0.53 earnings per share.
Wall Street Analyst Weigh In
CTRN has been the topic of several recent research reports. DA Davidson restated a "buy" rating and set a $29.00 target price on shares of Citi Trends in a research report on Wednesday, March 19th. StockNews.com raised Citi Trends from a "sell" rating to a "hold" rating in a report on Friday. Finally, Craig Hallum raised Citi Trends from a "hold" rating to a "buy" rating and set a $36.00 target price for the company in a report on Monday, February 10th.
Get Our Latest Stock Analysis on CTRN
About Citi Trends
(
Free Report)
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.
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