Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) VP Katrina George sold 750 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $33.94, for a total value of $25,455.00. Following the completion of the transaction, the vice president now directly owns 6,150 shares of the company's stock, valued at $208,731. This trade represents a 10.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Citi Trends Trading Down 3.8%
Shares of NASDAQ CTRN opened at $32.07 on Friday. The business has a 50-day moving average price of $24.50 and a two-hundred day moving average price of $24.49. Citi Trends, Inc. has a one year low of $13.66 and a one year high of $34.63. The firm has a market capitalization of $265.48 million, a PE ratio of -10.45 and a beta of 1.94.
Citi Trends (NASDAQ:CTRN - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.36. Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%. The business had revenue of $201.73 million during the quarter, compared to analyst estimates of $195.76 million. During the same quarter in the prior year, the business earned ($0.32) earnings per share.
Institutional Investors Weigh In On Citi Trends
Several large investors have recently bought and sold shares of the company. Millennium Management LLC bought a new stake in Citi Trends during the fourth quarter worth $235,000. Ameriprise Financial Inc. raised its holdings in Citi Trends by 0.7% in the 4th quarter. Ameriprise Financial Inc. now owns 198,887 shares of the company's stock valued at $5,221,000 after buying an additional 1,400 shares during the last quarter. Geode Capital Management LLC raised its holdings in Citi Trends by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 166,558 shares of the company's stock worth $4,373,000 after purchasing an additional 3,086 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Citi Trends by 22.8% in the 4th quarter. Wells Fargo & Company MN now owns 3,745 shares of the company's stock valued at $98,000 after acquiring an additional 695 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Citi Trends during the 4th quarter valued at $284,000.
Analysts Set New Price Targets
A number of analysts recently commented on CTRN shares. DA Davidson reissued a "buy" rating and set a $29.00 price objective on shares of Citi Trends in a report on Wednesday, March 19th. Wall Street Zen upgraded shares of Citi Trends from a "sell" rating to a "hold" rating in a report on Friday, June 6th.
View Our Latest Stock Report on Citi Trends
About Citi Trends
(
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Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear and footwear for men and ladies, as well as apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.
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