Citi Trends (NASDAQ:CTRN) EVP Lisa Powell Sells 10,000 Shares

Citi Trends, Inc. (NASDAQ:CTRN) EVP Lisa Powell sold 10,000 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $70.10, for a total transaction of $701,000.00. Following the transaction, the executive vice president owned 13,970 shares of the company’s stock, valued at $979,297. This represents a 41.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Citi Trends Stock Down 0.9%

NASDAQ CTRN opened at $70.50 on Wednesday. The firm has a market cap of $587.26 million, a P/E ratio of 85.98 and a beta of 1.82. The company’s 50 day moving average is $66.89 and its 200-day moving average is $54.26. Citi Trends, Inc. has a 12-month low of $29.60 and a 12-month high of $77.91.

Citi Trends (NASDAQ:CTRN) last released its quarterly earnings data on Tuesday, August 25th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.37. Citi Trends had a net margin of 0.84% and a return on equity of 8.25%. The business had revenue of $211.63 million during the quarter, compared to analyst estimates of $211.60 million.

Institutional Trading of Citi Trends

Large investors have recently modified their holdings of the business. Legal & General Group Plc purchased a new position in shares of Citi Trends during the second quarter worth about $30,000. Allworth Financial LP purchased a new stake in Citi Trends in the second quarter valued at approximately $31,000. BNP Paribas Financial Markets raised its stake in Citi Trends by 143.3% in the third quarter. BNP Paribas Financial Markets now owns 1,051 shares of the company’s stock valued at $33,000 after purchasing an additional 619 shares in the last quarter. New York State Common Retirement Fund lifted its position in Citi Trends by 175.0% during the fourth quarter. New York State Common Retirement Fund now owns 1,100 shares of the company’s stock valued at $46,000 after purchasing an additional 700 shares during the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new position in Citi Trends in the 4th quarter worth approximately $51,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. DA Davidson set a $81.00 price objective on Citi Trends in a report on Wednesday, August 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Citi Trends in a research note on Wednesday, August 26th. Finally, Wall Street Zen raised shares of Citi Trends from a “hold” rating to a “buy” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Citi Trends has an average rating of “Moderate Buy” and a consensus target price of $81.00.

Citi Trends Company Profile

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.