Citi Trends, Inc. (NASDAQ:CTRN) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers lifted its stake in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 157.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,089 shares of the company's stock after buying an additional 19,005 shares during the quarter. Rhumbline Advisers owned approximately 0.36% of Citi Trends worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP grew its holdings in Citi Trends by 5.4% during the 3rd quarter. Royce & Associates LP now owns 196,110 shares of the company's stock worth $3,603,000 after acquiring an additional 10,000 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Citi Trends by 7.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 100,523 shares of the company's stock worth $2,639,000 after purchasing an additional 6,702 shares in the last quarter. Barclays PLC increased its holdings in 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 buying an additional 4,300 shares during the last quarter. Empowered Funds LLC raised its stake in Citi Trends by 5.0% during the fourth quarter. Empowered Funds LLC now owns 25,278 shares of the company's stock valued at $664,000 after buying an additional 1,195 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Citi Trends during the 3rd quarter worth approximately $339,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CTRN shares. StockNews.com upgraded Citi Trends from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. Craig Hallum raised shares of Citi Trends from a "hold" rating to a "buy" rating and set a $36.00 target price on the stock in a report on Monday, February 10th. Finally, DA Davidson raised their price target on shares of Citi Trends from $20.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th.

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Citi Trends Stock Down 8.0 %

NASDAQ CTRN traded down $1.90 during trading hours on Monday, hitting $21.73. The company had a trading volume of 102,681 shares, compared to its average volume of 84,769. The firm has a market cap of $189.27 million, a P/E ratio of -7.08 and a beta of 2.29. Citi Trends, Inc. has a fifty-two week low of $13.65 and a fifty-two week high of $31.95. The business has a fifty day simple moving average of $26.03 and a 200-day simple moving average of $21.78.

Insider Activity at Citi Trends

In related news, Director Jonathan Duskin sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $26.44, for a total value of $317,280.00. Following the sale, the director now directly owns 33,396 shares in the company, valued at $882,990.24. This trade represents a 26.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is currently owned by insiders.

Citi Trends Company 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.