Charles Schwab Investment Management Inc. lessened its position in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 30.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 122,023 shares of the company's stock after selling 53,592 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.42% of Citi Trends worth $2,242,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in shares of Citi Trends in the third quarter valued at $40,000. Deerfield Management Company L.P. Series C purchased a new position in Citi Trends during the 2nd quarter valued at about $208,000. Rhumbline Advisers grew its position in Citi Trends by 41,964.0% in the 2nd quarter. Rhumbline Advisers now owns 10,516 shares of the company's stock valued at $224,000 after acquiring an additional 10,491 shares in the last quarter. Empowered Funds LLC increased its stake in Citi Trends by 5.3% during the third quarter. Empowered Funds LLC now owns 24,083 shares of the company's stock worth $442,000 after purchasing an additional 1,206 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Citi Trends during the second quarter worth about $584,000.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. StockNews.com downgraded shares of Citi Trends from a "hold" rating to a "sell" rating in a research note on Friday, December 6th. DA Davidson boosted their target price on Citi Trends from $20.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Craig Hallum increased their price target on Citi Trends from $14.00 to $20.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th.
Check Out Our Latest Research Report on CTRN
Citi Trends Trading Up 3.6 %
Shares of NASDAQ CTRN traded up $0.90 during midday trading on Monday, reaching $25.68. 99,925 shares of the company were exchanged, compared to its average volume of 122,406. The stock has a fifty day simple moving average of $20.16 and a 200 day simple moving average of $19.13. The stock has a market cap of $223.67 million, a P/E ratio of -8.07 and a beta of 2.36. Citi Trends, Inc. has a 1 year low of $13.65 and a 1 year high of $32.90.
Citi Trends Profile
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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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