Shares of Citi Trends Inc. (NASDAQ:CTRN) were up 5.3% on Friday . The company traded as high as $17.87 and last traded at $17.79, with a volume of 62,842 shares changing hands. The stock had previously closed at $16.89.

A number of analysts have recently weighed in on CTRN shares. Zacks Investment Research upgraded shares of Citi Trends from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. SunTrust Banks Inc. lowered their target price on shares of Citi Trends from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, May 19th. Finally, MKM Partners lowered their target price on shares of Citi Trends from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, May 18th.

The company has a market capitalization of $258.46 million and a P/E ratio of 20.29. The company has a 50 day moving average price of $16.50 and a 200-day moving average price of $17.40.

Citi Trends (NASDAQ:CTRN) last issued its quarterly earnings results 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. The business had revenue of $193.70 million for the quarter, compared to the consensus estimate of $198.53 million. During the same quarter in the previous year, the business earned $0.74 EPS. Citi Trends’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts anticipate that Citi Trends Inc. will post $0.91 earnings per share for the current fiscal year.

Other hedge funds have modified their holdings of the company. Systematic Financial Management LP raised its stake 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 during the period. California Public Employees Retirement System raised its stake 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. Royce & Associates LLC raised its stake 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 during the period. Finally, Paradigm Capital Management Inc. NY raised its stake 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 during the period.

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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