Citi Trends (NASDAQ:CTRN - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.
A number of other equities analysts also recently weighed in on the stock. DA Davidson boosted their target price on shares of Citi Trends from $20.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday. Craig Hallum boosted their target price on Citi Trends from $14.00 to $20.00 and gave the stock a "hold" rating in a research report on Wednesday.
Check Out Our Latest Analysis on Citi Trends
Citi Trends Trading Up 0.7 %
NASDAQ CTRN traded up $0.18 during trading hours on Friday, reaching $25.18. 172,449 shares of the company's stock were exchanged, compared to its average volume of 123,299. The firm has a fifty day moving average of $19.42 and a 200-day moving average of $19.10. Citi Trends has a one year low of $13.65 and a one year high of $32.90. The stock has a market cap of $217.05 million, a PE ratio of -8.14 and a beta of 2.36.
Hedge Funds Weigh In On Citi Trends
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Partners LLC acquired a new stake in shares of Citi Trends in the 3rd quarter valued at approximately $40,000. Quantbot Technologies LP boosted its position in shares of 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 purchasing an additional 4,250 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Citi Trends in the 3rd quarter valued at $193,000. Deerfield Management Company L.P. Series C bought a new stake in shares of Citi Trends in the 2nd quarter valued at $208,000. Finally, Rhumbline Advisers raised its stake in Citi Trends by 41,964.0% during the 2nd quarter. Rhumbline Advisers now owns 10,516 shares of the company's stock worth $224,000 after buying an additional 10,491 shares during the period.
About Citi Trends
(
Get 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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