Citi Trends Inc. (NASDAQ:CTRN) shares traded up 4.6% during trading on Tuesday . The stock traded as high as $17.30 and last traded at $17.25, with a volume of 146,418 shares traded. The stock had previously closed at $16.49.

Several research analysts have commented on the company. MKM Partners cut their price target on Citi Trends from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 18th. 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. Zacks Investment Research raised Citi Trends from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 19th. Finally, Sidoti began coverage on Citi Trends in a report on Tuesday, April 5th. They issued a “neutral” rating and a $20.00 target price on the stock.

The company has a market cap of $253.35 million and a price-to-earnings ratio of 19.89. The stock’s 50-day moving average price is $16.30 and its 200-day moving average price is $17.50.

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

A number of hedge funds and institutional investors have modified their holdings of CTRN. Royce & Associates LLC increased 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. Paradigm Capital Management Inc. NY increased 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. Systematic Financial Management LP increased 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. Finally, 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 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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