JPMorgan Chase & Co. Boosts Stock Position in Citi Trends, Inc. (NASDAQ:CTRN)

JPMorgan Chase & Co. grew its stake in Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 5,400.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 152,422 shares of the company's stock after acquiring an additional 149,651 shares during the quarter. JPMorgan Chase & Co. owned 1.75% of Citi Trends worth $4,001,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. R Squared Ltd bought a new position in Citi Trends in the 4th quarter worth about $85,000. Jane Street Group LLC bought a new position in shares of Citi Trends in the third quarter worth approximately $193,000. AlphaQuest LLC grew its holdings in shares of Citi Trends by 287.5% during the fourth quarter. AlphaQuest LLC now owns 8,354 shares of the company's stock valued at $219,000 after buying an additional 6,198 shares during the last quarter. Barclays PLC grew its holdings in shares of Citi Trends by 19.9% during the third 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. Finally, Empowered Funds LLC increased its position in shares of 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.

Wall Street Analysts Forecast Growth

CTRN has been the topic of several recent analyst reports. StockNews.com upgraded Citi Trends from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. 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 research report on Monday, February 10th. Finally, DA Davidson restated a "buy" rating and issued a $29.00 target price on shares of Citi Trends in a report on Wednesday, March 19th.

Citi Trends Stock Up 4.0 %

NASDAQ:CTRN traded up $0.80 on Thursday, hitting $20.79. The stock had a trading volume of 58,716 shares, compared to its average volume of 124,840. The business's 50-day simple moving average is $21.99 and its two-hundred day simple moving average is $22.66. The stock has a market cap of $181.08 million, a price-to-earnings ratio of -6.77 and a beta of 2.02. Citi Trends, Inc. has a 52-week low of $13.66 and a 52-week high of $29.41.

Citi Trends (NASDAQ:CTRN - Get Free Report) last announced its earnings results on Tuesday, March 18th. The company reported ($1.55) EPS for the quarter, missing analysts' consensus estimates 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 net margin of 3.36% and a negative return on equity of 14.43%. During the same period in the prior year, the company posted $0.53 earnings per share.

Citi Trends 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.