Metropolitan Life Insurance Co. NY grew its holdings in Citi Trends, Inc. (NASDAQ:CTRN) by 365.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,452 shares of the company’s stock after acquiring an additional 4,281 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Citi Trends were worth $111,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CTRN. Quantamental Technologies LLC acquired a new position in shares of Citi Trends in the 4th quarter valued at $40,000. Great West Life Assurance Co. Can raised its stake in shares of Citi Trends by 1,635.7% in the 4th quarter. Great West Life Assurance Co. Can now owns 2,725 shares of the company’s stock valued at $54,000 after buying an additional 2,568 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Citi Trends in the 3rd quarter valued at $215,000. Noked Capital LTD acquired a new position in shares of Citi Trends in the 4th quarter valued at $285,000. Finally, Bessemer Group Inc. acquired a new position in shares of Citi Trends in the 4th quarter valued at $373,000. Institutional investors own 88.14% of the company’s stock.

In other Citi Trends news, SVP Christina Short sold 2,000 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $19.34, for a total transaction of $38,680.00. Following the sale, the senior vice president now owns 9,324 shares of the company’s stock, valued at approximately $180,326.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.41% of the company’s stock.

Shares of Citi Trends stock opened at $19.42 on Monday. The stock has a market cap of $235.62 million, a P/E ratio of 11.84 and a beta of 0.45. Citi Trends, Inc. has a 12-month low of $17.78 and a 12-month high of $34.90.

Citi Trends (NASDAQ:CTRN) last announced its earnings results on Friday, March 15th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $201.16 million during the quarter, compared to analysts’ expectations of $215.00 million. Citi Trends had a net margin of 2.78% and a return on equity of 10.67%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. Analysts expect that Citi Trends, Inc. will post 1.9 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on CTRN. BidaskClub upgraded shares of Citi Trends from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Sidoti began coverage on shares of Citi Trends in a research report on Friday, February 22nd. They set a “buy” rating and a $28.00 target price for the company.

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Citi Trends Profile

Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.

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Want to see what other hedge funds are holding CTRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citi Trends, Inc. (NASDAQ:CTRN).

Institutional Ownership by Quarter for Citi Trends (NASDAQ:CTRN)

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