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

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Citi Trends from a “hold” rating to a “sell” rating in a research note on Friday, May 20th. Sidoti assumed coverage on shares of Citi Trends in a research note on Tuesday, April 5th. They issued a “neutral” rating and a $20.00 price target on the stock. MKM Partners dropped their price target on shares of 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, SunTrust Banks Inc. dropped their price target on shares of Citi Trends from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, May 19th.

The company has a 50-day moving average of $16.23 and a 200-day moving average of $17.59. The firm has a market cap of $240.36 million and a PE ratio of 18.87.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings data 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 analysts’ expectations of $198.53 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The business’s revenue was down .6% on a year-over-year basis. On average, analysts anticipate that Citi Trends Inc. will post $0.91 EPS for the current fiscal year.

A number of institutional investors have made changes to their positions in the stock. Shell Asset Management Co. acquired a new position in shares of Citi Trends during the fourth quarter worth about $1,574,000. Systematic Financial Management LP boosted its position in shares of 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 in the last quarter. California Public Employees Retirement System boosted 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 in the last quarter. Royce & Associates LLC boosted its position in shares of 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 in the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its position in shares of 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 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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