Citi Trends, Inc. (NASDAQ:CTRN) CFO Heather L. Plutino Acquires 3,573 Shares of Stock

Citi Trends, Inc. (NASDAQ:CTRN) CFO Heather L. Plutino purchased 3,573 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $13.99 per share, with a total value of $49,986.27. Following the completion of the acquisition, the chief financial officer now directly owns 21,316 shares of the company’s stock, valued at $298,210.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Citi Trends Stock Up 0.5 %

CTRN stock opened at $13.90 on Thursday. Citi Trends, Inc. has a twelve month low of $13.65 and a twelve month high of $32.90. The company has a market cap of $119.47 million, a PE ratio of -12.87 and a beta of 2.39. The business’s 50-day simple moving average is $17.60 and its 200 day simple moving average is $22.46.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings data on Tuesday, August 27th. The company reported ($1.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($1.42). The firm had revenue of $176.55 million during the quarter. Citi Trends had a negative return on equity of 12.25% and a negative net margin of 2.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CTRN shares. Craig Hallum cut their price objective on Citi Trends from $25.00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, August 28th. DA Davidson cut their price target on Citi Trends from $33.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. Benchmark reissued a “buy” rating and issued a $35.00 price objective on shares of Citi Trends in a research report on Wednesday, June 5th. Finally, StockNews.com lowered shares of Citi Trends from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th.

Institutional Investors Weigh In On Citi Trends

A number of institutional investors have recently bought and sold shares of the business. Empowered Funds LLC raised its stake in shares of Citi Trends by 8.0% in the 1st quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock valued at $577,000 after buying an additional 1,575 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Citi Trends by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 197,815 shares of the company’s stock valued at $5,594,000 after acquiring an additional 4,779 shares during the period. SG Americas Securities LLC acquired a new position in Citi Trends in the first quarter worth about $139,000. Anchor Capital Advisors LLC raised its position in Citi Trends by 11.3% in the second quarter. Anchor Capital Advisors LLC now owns 52,247 shares of the company’s stock worth $1,111,000 after purchasing an additional 5,307 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Citi Trends during the fourth quarter worth about $223,000.

About Citi Trends

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. It 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.