27,457 Shares in Citi Trends, Inc. (NASDAQ:CTRN) Bought by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new position in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,457 shares of the company's stock, valued at approximately $584,000. Renaissance Technologies LLC owned 0.32% of Citi Trends as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in CTRN. Fund 1 Investments LLC increased its stake in Citi Trends by 55.6% during the fourth quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company's stock valued at $37,594,000 after acquiring an additional 474,736 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Citi Trends by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 608,553 shares of the company's stock valued at $12,938,000 after purchasing an additional 37,107 shares during the period. Rhumbline Advisers raised its stake in shares of Citi Trends by 41,964.0% in the second quarter. Rhumbline Advisers now owns 10,516 shares of the company's stock valued at $224,000 after purchasing an additional 10,491 shares in the last quarter. Anchor Capital Advisors LLC raised its stake in shares of 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. Finally, SG Americas Securities LLC bought a new position in Citi Trends in the first quarter worth $139,000.

Analyst Ratings Changes

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

Insider Activity at Citi Trends

In related news, CEO Kenneth Duane Seipel purchased 135,128 shares of Citi Trends stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average price of $19.06 per share, for a total transaction of $2,575,539.68. Following the transaction, the chief executive officer now directly owns 319,562 shares in the company, valued at approximately $6,090,851.72. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Fund 1 Investments, Llc bought 3,000 shares of the stock in a transaction dated Monday, July 15th. The stock was bought at an average cost of $20.06 per share, with a total value of $60,180.00. Following the purchase, the insider now owns 2,571,986 shares of the company's stock, valued at approximately $51,594,039.16. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 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 price of $19.06 per share, with a total value of $2,575,539.68. Following the transaction, the chief executive officer now owns 319,562 shares of the company's stock, valued at $6,090,851.72. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 169,701 shares of company stock valued at $3,091,056 in the last three months. Corporate insiders own 3.80% of the company's stock.

Citi Trends Stock Performance

Shares of NASDAQ:CTRN traded down $0.64 on Thursday, hitting $18.44. The stock had a trading volume of 7,518 shares, compared to its average volume of 129,400. The firm's 50 day moving average price is $16.54 and its 200-day moving average price is $20.27. Citi Trends, Inc. has a twelve month low of $13.65 and a twelve month high of $32.90. The company has a market capitalization of $158.49 million, a price-to-earnings ratio of -17.67 and a beta of 2.40.

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

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.