Citi Trends Inc. (NASDAQ:CTRN) shares were down 4.5% on Tuesday . The company traded as low as $16.65 and last traded at $16.70, with a volume of 61,888 shares changing hands. The stock had previously closed at $17.48.

A number of research analysts have weighed in on CTRN shares. Zacks Investment Research lowered shares of Citi Trends from a “hold” rating to a “sell” rating in a research note on Friday, May 20th. SunTrust Banks Inc. cut 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. Finally, MKM Partners cut 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.

The firm has a market cap of $243.72 million and a P/E ratio of 19.13. The stock’s 50 day moving average price is $16.54 and its 200-day moving average price is $17.35.

Citi Trends (NASDAQ:CTRN) last released its quarterly earnings data on Wednesday, May 18th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.16. During the same period in the prior year, the company earned $0.74 earnings per share. The firm earned $193.70 million during the quarter, compared to the consensus estimate of $198.53 million. Citi Trends’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts predict 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. Paradigm Capital Management Inc. NY increased 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 valued at $16,430,000 after buying an additional 743,213 shares in the last quarter. Systematic Financial Management LP increased 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 worth $1,873,000 after buying an additional 530 shares in the last quarter. Royce & Associates LLC increased 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 worth $4,562,000 after buying an additional 74,800 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in 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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