Citi Trends (NASDAQ:CTRN) Rating Increased to Buy at Craig Hallum

Craig Hallum upgraded shares of Citi Trends (NASDAQ:CTRN) from a hold rating to a buy rating in a report released on Monday, MarketBeat Ratings reports. Craig Hallum currently has $36.00 price target on the stock.

CTRN has been the subject of a number of other reports. DA Davidson lifted their price objective on Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. StockNews.com downgraded Citi Trends from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th.

Citi Trends Price Performance

Shares of CTRN stock opened at $27.28 on Monday. The stock has a market capitalization of $237.61 million, a PE ratio of -8.89 and a beta of 2.27. The business’s 50 day simple moving average is $25.92 and its 200 day simple moving average is $20.68. Citi Trends has a one year low of $13.65 and a one year high of $32.90.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.78) EPS for the quarter. Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%.

Insider Buying and Selling at Citi Trends

In other news, Director Jonathan Duskin sold 12,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $26.44, for a total value of $317,280.00. Following the completion of the sale, the director now directly owns 33,396 shares in the company, valued at $882,990.24. This trade represents a 26.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its holdings in shares of Citi Trends by 7.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 100,523 shares of the company’s stock valued at $2,639,000 after acquiring an additional 6,702 shares in the last quarter. Jane Street Group LLC bought a new stake in Citi Trends during the 3rd quarter valued at $193,000. Barclays PLC increased its stake in Citi Trends by 19.9% during the 3rd quarter. Barclays PLC now owns 25,953 shares of the company’s stock valued at $478,000 after purchasing an additional 4,300 shares in the last quarter. Empowered Funds LLC raised its holdings in Citi Trends by 5.3% during the third quarter. Empowered Funds LLC now owns 24,083 shares of the company’s stock worth $442,000 after buying an additional 1,206 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of Citi Trends by 111.3% in the third quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock valued at $148,000 after buying an additional 4,250 shares in the last quarter.

Citi Trends Company Profile

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.