Citi Trends (NASDAQ:CTRN) Upgraded at StockNews.com

StockNews.com upgraded shares of Citi Trends (NASDAQ:CTRN) from a sell rating to a hold rating in a report issued on Friday.

Several other research firms also recently issued reports on CTRN. Craig Hallum upgraded Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, February 10th. DA Davidson reaffirmed a “buy” rating and set a $29.00 target price on shares of Citi Trends in a report on Wednesday, March 19th.

Citi Trends Price Performance

NASDAQ:CTRN opened at $22.63 on Friday. Citi Trends has a one year low of $13.66 and a one year high of $29.41. The company has a market cap of $197.11 million, a PE ratio of -7.37 and a beta of 2.29. The firm has a 50-day moving average of $24.53 and a 200-day moving average of $22.43.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings data on Tuesday, March 18th. The company reported ($1.55) EPS for the quarter, missing the consensus estimate of $0.18 by ($1.73). Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%. The firm had revenue of $211.17 million during the quarter, compared to analysts’ expectations of $211.54 million. During the same quarter last year, the business posted $0.53 EPS.

Institutional Trading of Citi Trends

Hedge funds have recently modified their holdings of the business. Exchange Traded Concepts LLC boosted its stake in Citi Trends by 7.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 100,523 shares of the company’s stock worth $2,639,000 after acquiring an additional 6,702 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Citi Trends during the third quarter valued at approximately $193,000. Barclays PLC raised its stake in Citi Trends by 19.9% during 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 position in shares of Citi Trends by 5.0% in the 4th quarter. Empowered Funds LLC now owns 25,278 shares of the company’s stock worth $664,000 after purchasing an additional 1,195 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Citi Trends by 157.3% in the fourth quarter. Rhumbline Advisers now owns 31,089 shares of the company’s stock worth $816,000 after buying an additional 19,005 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.