Key Points
- VP Katrina George sold 450 shares at an average price of $45.22 on Dec. 5 for $20,349, cutting her stake to 5,384 shares (a 7.71% reduction); the trade was disclosed in an SEC filing.
- Citi Trends reported a quarterly loss of $0.88 EPS, missing estimates by $0.09, while revenue of $197.09M beat expectations; the company posted a negative net margin (−2.05%) and a negative return on equity (−22.84%).
- The stock has a consensus rating of "Hold" with a $39.50 target, trades around $46.13, has a market cap of about $385M, and a 52‑week range of $16.82–$49.50.
Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) VP Katrina George sold 450 shares of the business's stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $45.22, for a total transaction of $20,349.00. Following the completion of the transaction, the vice president directly owned 5,384 shares of the company's stock, valued at approximately $243,464.48. This represents a 7.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Citi Trends Stock Performance
Shares of NASDAQ:CTRN opened at $46.13 on Wednesday. The firm has a fifty day moving average of $41.76 and a 200 day moving average of $36.00. Citi Trends, Inc. has a 52-week low of $16.82 and a 52-week high of $49.50. The firm has a market capitalization of $385.19 million, a PE ratio of -23.07 and a beta of 2.08.
Citi Trends (NASDAQ:CTRN - Get Free Report) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The firm had revenue of $197.09 million for the quarter, compared to the consensus estimate of $187.33 million. Citi Trends had a negative net margin of 2.05% and a negative return on equity of 22.84%.
Institutional Trading of Citi Trends
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Citi Trends by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 373,685 shares of the company's stock valued at $11,595,000 after acquiring an additional 34,450 shares in the last quarter. General Equity Holdings LP lifted its position in Citi Trends by 2.1% during the second quarter. General Equity Holdings LP now owns 172,229 shares of the company's stock valued at $5,751,000 after purchasing an additional 3,461 shares during the period. Marshall Wace LLP boosted its holdings in Citi Trends by 269.2% in the second quarter. Marshall Wace LLP now owns 160,084 shares of the company's stock worth $5,345,000 after purchasing an additional 116,722 shares during the last quarter. UBS Group AG boosted its stake in shares of Citi Trends by 478.3% in the 3rd quarter. UBS Group AG now owns 122,631 shares of the company's stock worth $3,805,000 after buying an additional 101,426 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Citi Trends by 78.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 114,569 shares of the company's stock worth $3,555,000 after acquiring an additional 50,321 shares during the period.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. DA Davidson set a $43.00 target price on Citi Trends and gave the company a "buy" rating in a report on Wednesday, December 3rd. Wall Street Zen lowered shares of Citi Trends from a "buy" rating to a "hold" rating in a report on Monday, December 15th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Citi Trends in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $39.50.
Check Out Our Latest Stock Analysis on Citi Trends
Citi Trends Company Profile
(
Get Free Report)
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.
Further Reading
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