Citi Trends (NASDAQ:CTRN) Rating Increased to Buy at Craig Hallum

Citi Trends (NASDAQ:CTRN - Get Free Report) was upgraded by investment analysts at Craig Hallum from a "hold" rating to a "buy" rating in a research report issued on Monday, Marketbeat reports. The firm currently has a $36.00 target price on the stock. Craig Hallum's target price indicates a potential upside of 29.31% from the stock's current price.

Several other equities research analysts also recently weighed in on CTRN. StockNews.com downgraded shares of Citi Trends from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. DA Davidson boosted their price target on Citi Trends from $20.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th.

Citi Trends Trading Up 2.1 %

Citi Trends stock traded up $0.56 during mid-day trading on Monday, hitting $27.84. The company had a trading volume of 37,918 shares, compared to its average volume of 82,507. Citi Trends has a 12 month low of $13.65 and a 12 month high of $32.90. The company has a market capitalization of $242.50 million, a PE ratio of -9.04 and a beta of 2.27. The stock's 50 day moving average price is $25.92 and its two-hundred day moving average price is $20.68.

Citi Trends (NASDAQ:CTRN - Get Free Report) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.78) earnings per share (EPS) for the quarter. Citi Trends had a negative return on equity of 14.43% and a negative net margin of 3.36%.

Insider Activity at Citi Trends

In related news, Director Jonathan Duskin sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $26.44, for a total transaction of $317,280.00. Following the completion of the sale, the director now directly owns 33,396 shares in the company, valued at approximately $882,990.24. The trade was a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC bought a new stake in shares of Citi Trends during the 3rd quarter valued at $40,000. R Squared Ltd purchased a new position in Citi Trends during the fourth quarter valued at $85,000. Wells Fargo & Company MN grew its holdings in Citi Trends by 22.8% during the fourth quarter. Wells Fargo & Company MN now owns 3,745 shares of the company's stock valued at $98,000 after purchasing an additional 695 shares during the period. Quantbot Technologies LP increased its position in Citi Trends by 111.3% in the third quarter. Quantbot Technologies LP now owns 8,070 shares of the company's stock worth $148,000 after buying an additional 4,250 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Citi Trends in the third quarter worth about $193,000.

About Citi Trends

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.