Citi Trends Inc. (NASDAQ:CTRN) shares were down 3.8% on Thursday . The stock traded as low as $16.62 and last traded at $16.68, with a volume of 54,586 shares traded. The stock had previously closed at $17.34.

Several research analysts have recently weighed in on CTRN shares. Zacks Investment Research raised Citi Trends from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. SunTrust Banks Inc. dropped their target price on Citi Trends from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, May 19th. MKM Partners dropped their target price on Citi Trends from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, May 18th. Finally, Sidoti started coverage on Citi Trends in a report on Tuesday, April 5th. They set a “neutral” rating and a $20.00 target price on the stock.

The firm has a market cap of $243.43 million and a PE ratio of 19.11. The stock’s 50 day moving average is $16.04 and its 200-day moving average is $17.74.

Citi Trends (NASDAQ:CTRN) last issued its earnings results on Wednesday, May 18th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by $0.16. The business had revenue of $193.70 million for the quarter, compared to analyst estimates of $198.53 million. During the same quarter last year, the firm earned $0.74 earnings per share. Citi Trends’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts forecast that Citi Trends Inc. will post $0.91 EPS for the current fiscal year.

Several hedge funds and institutional investors have recently added to or reduced their stakes in CTRN. Royce & Associates LLC raised its position in Citi Trends by 53.5% in the fourth quarter. Royce & Associates LLC now owns 214,673 shares of the company’s stock worth $4,562,000 after buying an additional 74,800 shares during the period. Paradigm Capital Management Inc. NY raised its position in Citi Trends by 2,477.4% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 773,213 shares of the company’s stock worth $16,430,000 after buying an additional 743,213 shares during the period. Systematic Financial Management LP raised its position in Citi Trends by 0.6% in the fourth quarter. Systematic Financial Management LP now owns 88,142 shares of the company’s stock worth $1,873,000 after buying an additional 530 shares during the period. Dimensional Fund Advisors LP raised its position in Citi Trends by 16.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,094,909 shares of the company’s stock worth $23,267,000 after buying an additional 157,812 shares during the period. Finally, Shell Asset Management Co. purchased a new position in Citi Trends during the fourth quarter worth approximately $1,574,000.

Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s stores average approximately 10,800 square feet of selling space and are located in shopping centers. As of January 31, 2015, the Company operated 511 stores in both urban and rural markets in 29 states. The Company offers products under its brands, such as Citi Steps, Red Ape, Vintage Harlem and Lil Ms Hollywood.

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