Citi Trends Inc. (NASDAQ:CTRN) traded down 4% during trading on Thursday . The stock traded as low as $16.72 and last traded at $16.72, with a volume of 56,242 shares trading hands. The stock had previously closed at $17.41.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Citi Trends from a “strong sell” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks Inc. dropped their price objective on Citi Trends from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, May 19th. MKM Partners dropped their price objective on Citi Trends from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 18th. Finally, Sidoti assumed coverage on Citi Trends in a research note on Tuesday, April 5th. They set a “neutral” rating and a $20.00 price objective on the stock.

The stock has a 50 day moving average price of $16.22 and a 200 day moving average price of $17.61. The company has a market cap of $244.01 million and a P/E ratio of 19.15.

Citi Trends (NASDAQ:CTRN) last issued its quarterly earnings data on Wednesday, May 18th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.16. During the same period last year, the business earned $0.74 EPS. The firm earned $193.70 million during the quarter, compared to the consensus estimate of $198.53 million. Citi Trends’s revenue was down .6% compared to the same quarter last year. On average, equities analysts forecast that Citi Trends Inc. will post $0.91 earnings per share for the current year.

Several institutional investors recently modified their holdings of the company. California Public Employees Retirement System increased its position in shares of Citi Trends by 1.6% in the fourth quarter. California Public Employees Retirement System now owns 107,169 shares of the company’s stock worth $2,277,000 after buying an additional 1,700 shares during the period. Shell Asset Management Co. acquired a new stake in Citi Trends during the fourth quarter valued at approximately $1,574,000. Royce & Associates LLC boosted its stake in Citi Trends by 53.5% in the fourth quarter. Royce & Associates LLC now owns 214,673 shares of the company’s stock valued at $4,562,000 after buying an additional 74,800 shares in the last quarter. Systematic Financial Management LP boosted its stake in Citi Trends by 0.6% in the fourth quarter. Systematic Financial Management LP now owns 88,142 shares of the company’s stock valued at $1,873,000 after buying an additional 530 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its stake 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 valued at $16,430,000 after buying an additional 743,213 shares in the last quarter.

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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