Citi Trends, Inc. (NASDAQ:CTRN) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its position in Citi Trends, Inc. (NASDAQ:CTRN) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,178 shares of the company’s stock after selling 11,932 shares during the quarter. Royce & Associates LP’s holdings in Citi Trends were worth $4,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Quest Partners LLC purchased a new position in Citi Trends in the third quarter valued at $40,000. R Squared Ltd purchased a new position in Citi Trends in the fourth quarter valued at $85,000. Quantbot Technologies LP boosted its holdings in Citi Trends by 111.3% in the third 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. AlphaQuest LLC boosted its holdings in Citi Trends by 287.5% in the fourth quarter. AlphaQuest LLC now owns 8,354 shares of the company’s stock valued at $219,000 after purchasing an additional 6,198 shares during the period. Finally, Jane Street Group LLC purchased a new position in Citi Trends in the third quarter valued at $193,000.

Insider Activity

In other news, Director Jonathan Duskin sold 12,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $26.44, for a total value of $317,280.00. Following the completion of the sale, the director now directly 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.80% of the company’s stock.

Citi Trends Price Performance

Shares of NASDAQ CTRN opened at $21.26 on Thursday. The company has a market capitalization of $185.17 million, a price-to-earnings ratio of -6.93 and a beta of 2.29. The business has a 50-day moving average of $25.29 and a two-hundred day moving average of $22.07. Citi Trends, Inc. has a 1 year low of $13.66 and a 1 year high of $29.41.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CTRN shares. Craig Hallum upgraded Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Monday, February 10th. DA Davidson reaffirmed a “buy” rating and set a $29.00 price target on shares of Citi Trends in a report on Wednesday. Finally, StockNews.com raised Citi Trends from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th.

About Citi Trends

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.