Dimensional Fund Advisors LP Has $12.94 Million Stake in Citi Trends, Inc. (NASDAQ:CTRN)

Dimensional Fund Advisors LP lifted its stake in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 608,553 shares of the company's stock after acquiring an additional 37,107 shares during the period. Dimensional Fund Advisors LP owned approximately 7.08% of Citi Trends worth $12,938,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Empowered Funds LLC lifted its holdings in shares of Citi Trends by 8.0% in the first quarter. Empowered Funds LLC now owns 21,257 shares of the company's stock valued at $577,000 after purchasing an additional 1,575 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Citi Trends in the first quarter worth $139,000. Anchor Capital Advisors LLC grew its position in Citi Trends by 11.3% in the second quarter. Anchor Capital Advisors LLC now owns 52,247 shares of the company's stock valued at $1,111,000 after purchasing an additional 5,307 shares in the last quarter. Rhumbline Advisers increased its stake 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 buying an additional 10,491 shares during the last quarter. Finally, Fund 1 Investments LLC lifted its position in Citi Trends by 55.6% during the 4th quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company's stock worth $37,594,000 after buying an additional 474,736 shares in the last quarter.

Insider Transactions at Citi Trends

In related news, CFO Heather L. Plutino purchased 3,573 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average price of $13.99 per share, for a total transaction of $49,986.27. Following the purchase, the chief financial officer now owns 21,316 shares in the company, valued at approximately $298,210.84. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Heather L. Plutino acquired 3,573 shares of the stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $13.99 per share, for a total transaction of $49,986.27. Following the transaction, the chief financial officer now directly owns 21,316 shares of the company's stock, valued at approximately $298,210.84. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kenneth Duane Seipel bought 135,128 shares of the company's stock in a transaction dated Friday, July 12th. The shares were purchased at an average cost of $19.06 per share, with a total value of $2,575,539.68. Following the acquisition, the chief executive officer now directly owns 319,562 shares of the company's stock, valued at approximately $6,090,851.72. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 256,699 shares of company stock worth $4,740,538. 3.80% of the stock is owned by insiders.

Citi Trends Stock Performance

Citi Trends stock traded up $0.75 during midday trading on Friday, reaching $19.50. 79,583 shares of the company's stock were exchanged, compared to its average volume of 131,284. The stock's 50-day simple moving average is $16.53 and its 200 day simple moving average is $20.40. The firm has a market cap of $167.60 million, a price-to-earnings ratio of -18.06 and a beta of 2.40. Citi Trends, Inc. has a 52 week low of $13.65 and a 52 week high of $32.90.

Citi Trends (NASDAQ:CTRN - Get Free Report) last posted its earnings results on Tuesday, August 27th. The company reported ($1.94) earnings per share for the quarter, missing analysts' consensus estimates of ($0.52) by ($1.42). Citi Trends had a negative return on equity of 12.62% and a negative net margin of 2.92%. The business had revenue of $176.55 million for the quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Craig Hallum lowered their target price on Citi Trends from $25.00 to $14.00 and set a "hold" rating on the stock in a research report on Wednesday, August 28th. StockNews.com cut Citi Trends from a "hold" rating to a "sell" rating in a research note on Thursday, August 29th. Finally, DA Davidson decreased their target price on shares of Citi Trends from $33.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, August 28th.

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.