State of Wyoming Invests $397,000 in Citi Trends, Inc. $CTRN

State of Wyoming purchased a new position in shares of Citi Trends, Inc. (NASDAQ:CTRN) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,155 shares of the company’s stock, valued at approximately $397,000. State of Wyoming owned about 0.11% of Citi Trends at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Broad Bay Capital Management LP acquired a new position in Citi Trends in the fourth quarter worth $6,650,000. AQR Capital Management LLC increased its stake in shares of Citi Trends by 239.6% in the fourth quarter. AQR Capital Management LLC now owns 182,133 shares of the company’s stock valued at $7,569,000 after buying an additional 128,508 shares in the last quarter. Marshall Wace LLP increased its stake 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 buying an additional 116,722 shares in the last quarter. UBS Group AG raised its holdings in shares of Citi Trends by 478.3% in the third quarter. UBS Group AG now owns 122,631 shares of the company’s stock valued at $3,805,000 after buying an additional 101,426 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Citi Trends in the third quarter valued at about $2,778,000.

Analysts Set New Price Targets

CTRN has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Citi Trends from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 29th. Wall Street Zen upgraded shares of Citi Trends from a “hold” rating to a “buy” rating in a research report on Monday, June 29th. Finally, DA Davidson increased their price target on shares of Citi Trends from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Citi Trends currently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Citi Trends Price Performance

Shares of CTRN opened at $62.92 on Monday. The stock’s fifty day simple moving average is $53.51 and its 200-day simple moving average is $48.58. The firm has a market capitalization of $524.12 million, a PE ratio of 45.27 and a beta of 1.83. Citi Trends, Inc. has a 12-month low of $28.44 and a 12-month high of $67.36.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.59. The firm had revenue of $230.86 million during the quarter, compared to analysts’ expectations of $217.42 million. Citi Trends had a return on equity of 2.09% and a net margin of 1.42%.During the same period in the previous year, the business posted $0.11 EPS.

Citi Trends 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.