Citi Trends, Inc. (NASDAQ:CTRN) Short Interest Update

Citi Trends, Inc. (NASDAQ:CTRN) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 746,900 shares, a decrease of 5.5% from the January 15th total of 790,600 shares. Currently, 9.8% of the shares of the stock are short sold. Based on an average trading volume of 97,200 shares, the short-interest ratio is currently 7.7 days.

Analyst Upgrades and Downgrades

CTRN has been the subject of a number of research analyst reports. Craig Hallum upgraded Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Monday, February 10th. 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. Finally, StockNews.com raised Citi Trends from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th.

Citi Trends Price Performance

Shares of NASDAQ CTRN opened at $27.87 on Thursday. The company has a market capitalization of $242.75 million, a price-to-earnings ratio of -9.08 and a beta of 2.27. The business has a 50-day moving average of $26.25 and a two-hundred day moving average of $21.02. Citi Trends has a 1 year low of $13.65 and a 1 year high of $32.90.

Citi Trends (NASDAQ:CTRN) last released its 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 Transactions at Citi Trends

In other news, Director Jonathan Duskin sold 12,000 shares of the business’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 transaction of $317,280.00. Following the transaction, the director now owns 33,396 shares of the company’s stock, valued at approximately $882,990.24. The trade was a 26.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Barclays PLC grew its stake in shares of Citi Trends by 2.5% during the fourth quarter. Barclays PLC now owns 26,595 shares of the company’s stock valued at $699,000 after acquiring an additional 642 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of 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 buying an additional 695 shares during the last quarter. Empowered Funds LLC increased its stake in shares of 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 acquiring an additional 1,195 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Citi Trends by 0.7% during the fourth quarter. Ameriprise Financial Inc. now owns 198,887 shares of the company’s stock valued at $5,221,000 after acquiring an additional 1,400 shares during the period. Finally, Bank of America Corp DE grew its position in Citi Trends by 29.5% in the fourth quarter. Bank of America Corp DE now owns 8,801 shares of the company’s stock worth $231,000 after buying an additional 2,003 shares during the last quarter.

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.