Citi Trends (CTRN) to Release Earnings on Tuesday

Citi Trends (NASDAQ:CTRN – Get Rating) will be releasing its earnings data before the market opens on Tuesday, March 21st. Analysts expect Citi Trends to post earnings of $0.84 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Citi Trends Trading Down 3.7 %

NASDAQ CTRN opened at $22.95 on Friday. The company has a fifty day simple moving average of $29.14 and a two-hundred day simple moving average of $24.97. The stock has a market cap of $191.86 million, a P/E ratio of 3.08 and a beta of 2.28. Citi Trends has a 12-month low of $15.48 and a 12-month high of $39.71.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Citi Trends from a “hold” rating to a “buy” rating in a report on Friday, March 10th.

Institutional Trading of Citi Trends

Hedge funds and other institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new stake in shares of Citi Trends in the fourth quarter worth $53,000. Barclays PLC increased its stake in shares of Citi Trends by 303.7% in the fourth quarter. Barclays PLC now owns 2,176 shares of the company’s stock worth $58,000 after acquiring an additional 1,637 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Citi Trends by 82.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,536 shares of the company’s stock worth $67,000 after acquiring an additional 1,144 shares during the period. Point72 Hong Kong Ltd grew its position in Citi Trends by 430.5% during the first quarter. Point72 Hong Kong Ltd now owns 2,727 shares of the company’s stock valued at $84,000 after buying an additional 2,213 shares during the period. Finally, BNP Paribas Arbitrage SNC grew its position in Citi Trends by 97.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 3,883 shares of the company’s stock valued at $60,000 after buying an additional 1,921 shares during the period. Institutional investors and hedge funds own 94.20% of the company’s stock.

About Citi Trends

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Citi Trends, Inc engages in the retail of urban fashion apparel, accessories, and home decor. It offers products under its Citi Steps and Red Ape brands. The company was founded in 1946 and is headquartered in Savannah, GA.