StockNews.com upgraded shares of Citi Trends (NASDAQ:CTRN - Free Report) from a sell rating to a hold rating in a report issued on Friday morning.
A number of other equities analysts have also recently weighed in on CTRN. DA Davidson reaffirmed a "buy" rating and set a $29.00 price target on shares of Citi Trends in a research note on Wednesday, March 19th. Craig Hallum raised shares of Citi Trends from a "hold" rating to a "buy" rating and set a $36.00 price objective on the stock in a report on Monday, February 10th.
Check Out Our Latest Research Report on Citi Trends
Citi Trends Stock Performance
NASDAQ:CTRN traded down $0.91 during mid-day trading on Friday, reaching $21.72. The stock had a trading volume of 2,827 shares, compared to its average volume of 124,386. The business has a 50 day simple moving average of $24.53 and a 200 day simple moving average of $22.43. Citi Trends has a twelve month low of $13.66 and a twelve month high of $29.41. The firm has a market capitalization of $189.18 million, a price-to-earnings ratio of -7.13 and a beta of 2.29.
Citi Trends (NASDAQ:CTRN - Get Free Report) last posted its quarterly 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). Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%. The business had revenue of $211.17 million during the quarter, compared to analyst estimates of $211.54 million. During the same period in the prior year, the business earned $0.53 earnings per share.
Institutional Trading of Citi Trends
Large investors have recently bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of Citi Trends during the 3rd quarter worth $40,000. Quantbot Technologies LP raised its position in Citi Trends by 111.3% during the third quarter. Quantbot Technologies LP now owns 8,070 shares of the company's stock worth $148,000 after acquiring an additional 4,250 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Citi Trends in the third quarter valued at about $193,000. XTX Topco Ltd purchased a new stake in shares of Citi Trends in the third quarter valued at about $339,000. Finally, Barclays PLC grew its position in shares of Citi Trends by 19.9% in the third quarter. Barclays PLC now owns 25,953 shares of the company's stock valued at $478,000 after purchasing an additional 4,300 shares during the last quarter.
Citi Trends Company Profile
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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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