17,765 Shares in Citi Trends, Inc. $CTRN Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in Citi Trends, Inc. (NASDAQ:CTRN) during the third quarter, according to its most recent filing with the SEC. The firm bought 17,765 shares of the company’s stock, valued at approximately $551,000. GSA Capital Partners LLP owned about 0.21% of Citi Trends at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP grew its position in shares of Citi Trends by 269.2% in the second quarter. Marshall Wace LLP now owns 160,084 shares of the company’s stock valued at $5,345,000 after purchasing an additional 116,722 shares during the last quarter. Invesco Ltd. grew its holdings in Citi Trends by 243.3% in the 2nd quarter. Invesco Ltd. now owns 103,965 shares of the company’s stock valued at $3,471,000 after buying an additional 73,678 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in Citi Trends in the 2nd quarter valued at approximately $1,474,000. Vanguard Group Inc. increased its position in Citi Trends by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 373,685 shares of the company’s stock worth $11,595,000 after buying an additional 34,450 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of Citi Trends during the third quarter worth approximately $812,000.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CTRN. DA Davidson set a $55.00 price objective on shares of Citi Trends in a research note on Tuesday, January 13th. Wall Street Zen downgraded shares of Citi Trends from a “buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Citi Trends in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $55.00.

Citi Trends Trading Down 3.9%

CTRN opened at $43.64 on Tuesday. The stock’s 50 day simple moving average is $44.26 and its 200-day simple moving average is $39.44. The stock has a market cap of $364.39 million, a PE ratio of -21.82 and a beta of 2.12. Citi Trends, Inc. has a 1 year low of $16.82 and a 1 year high of $49.50.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). Citi Trends had a negative return on equity of 22.84% and a negative net margin of 2.05%.The business had revenue of $197.09 million for the quarter, compared to analyst estimates of $187.33 million.

About Citi Trends

Citi Trends, Inc (NASDAQ: CTRN) is an off-price retail apparel chain that focuses on value-priced urban fashion apparel and accessories for men, women, and children. Headquartered in Savannah, Georgia, the company offers a broad assortment of merchandise, including denim, sportswear, activewear, and seasonal styles, complemented by footwear, jewelry, cosmetics, and home goods. Through its purchasing model, Citi Trends sources closeouts, overstocks and canceled orders from name-brand vendors, enabling it to offer trending styles at competitive price points.

The company operates more than 500 stores across the Southeastern and Mid-Atlantic regions of the United States, with typical store footprints of approximately 11,000 square feet.