Citi Trends Inc. (NASDAQ:CTRN) shares rose 4.8% during trading on Thursday . The stock traded as high as $17.40 and last traded at $17.36, with a volume of 50,526 shares changing hands. The stock had previously closed at $16.56.

CTRN has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Citi Trends from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. SunTrust Banks Inc. lowered their price target on shares of Citi Trends from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Finally, MKM Partners lowered their price target on shares of Citi Trends from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, May 18th.

The firm has a 50 day moving average price of $16.64 and a 200-day moving average price of $17.34. The stock has a market cap of $256.12 million and a P/E ratio of 20.10.

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

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY boosted 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 worth $16,430,000 after buying an additional 743,213 shares during the last quarter. Systematic Financial Management LP boosted its position 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 during the last quarter. Finally, Royce & Associates LLC boosted its position 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 during 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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