Citi Trends (NASDAQ:CTRN) Cut to "Sell" at StockNews.com

StockNews.com downgraded shares of Citi Trends (NASDAQ:CTRN - Free Report) from a hold rating to a sell rating in a research note released on Tuesday morning.

Several other equities research analysts also recently commented on CTRN. DA Davidson increased their price objective on Citi Trends from $20.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Craig Hallum increased their price target on shares of Citi Trends from $14.00 to $20.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th.

Citi Trends Trading Down 1.8 %

Shares of NASDAQ CTRN traded down $0.43 during midday trading on Tuesday, reaching $23.91. The company's stock had a trading volume of 136,602 shares, compared to its average volume of 73,972. Citi Trends has a fifty-two week low of $13.65 and a fifty-two week high of $32.90. The stock has a 50 day simple moving average of $25.59 and a 200-day simple moving average of $20.46. The stock has a market capitalization of $208.26 million, a price-to-earnings ratio of -7.79 and a beta of 2.27.

Citi Trends (NASDAQ:CTRN - Get Free Report) last issued 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 net margin of 3.36% and a negative return on equity of 14.43%.

Insider Activity

In other news, Director Jonathan Duskin sold 12,000 shares of the firm's stock in a transaction dated 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 owns 33,396 shares in the company, valued at approximately $882,990.24. This trade represents a 26.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quest Partners LLC bought a new stake in shares of Citi Trends during the third quarter worth approximately $40,000. R Squared Ltd acquired a new stake in Citi Trends during the 4th quarter worth approximately $85,000. Quantbot Technologies LP boosted its stake in Citi Trends by 111.3% in the 3rd quarter. Quantbot Technologies LP now owns 8,070 shares of the company's stock valued at $148,000 after purchasing an additional 4,250 shares during the period. Jane Street Group LLC acquired a new position in Citi Trends in the 3rd quarter valued at $193,000. Finally, AlphaQuest LLC increased its position in Citi Trends by 287.5% during the 4th quarter. AlphaQuest LLC now owns 8,354 shares of the company's stock worth $219,000 after buying an additional 6,198 shares during the period.

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.