Shell Asset Management Co. maintained its stake in Citi Trends, Inc. (NASDAQ:CTRN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,570 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co. owned approximately 0.40% of Citi Trends worth $1,243,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CTRN. American International Group Inc. raised its stake in Citi Trends by 7.0% in the first quarter. American International Group Inc. now owns 8,858 shares of the company’s stock valued at $151,000 after buying an additional 582 shares during the last quarter. Strs Ohio raised its stake in Citi Trends by 3.1% in the first quarter. Strs Ohio now owns 36,600 shares of the company’s stock valued at $622,000 after buying an additional 1,100 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Citi Trends by 2.0% in the first quarter. TIAA CREF Investment Management LLC now owns 121,477 shares of the company’s stock valued at $2,065,000 after buying an additional 2,336 shares during the last quarter. Geode Capital Management LLC raised its stake in Citi Trends by 3.2% in the first quarter. Geode Capital Management LLC now owns 112,138 shares of the company’s stock valued at $1,906,000 after buying an additional 3,473 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in Citi Trends by 8.5% in the first quarter. Teachers Advisors LLC now owns 63,046 shares of the company’s stock valued at $1,072,000 after buying an additional 4,953 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Citi Trends, Inc. (CTRN) opened at 20.74 on Friday. Citi Trends, Inc. has a 52 week low of $15.54 and a 52 week high of $22.73. The stock has a 50 day moving average of $21.09 and a 200 day moving average of $18.64. The company has a market cap of $305.27 million, a P/E ratio of 22.69 and a beta of 0.33.

Citi Trends (NASDAQ:CTRN) last posted its earnings results on Wednesday, May 17th. The company reported $0.68 EPS for the quarter, meeting analysts’ consensus estimates of $0.68. The business had revenue of $200 million for the quarter, compared to the consensus estimate of $197.10 million. Citi Trends had a net margin of 1.92% and a return on equity of 6.56%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. On average, analysts expect that Citi Trends, Inc. will post $1.30 earnings per share for the current year.

Citi Trends declared that its Board of Directors has initiated a share repurchase program on Monday, April 10th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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Several equities research analysts recently commented on the stock. BidaskClub lowered shares of Citi Trends from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine raised shares of Citi Trends from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Finally, TheStreet raised shares of Citi Trends from a “c+” rating to a “b-” rating in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.00.

About Citi Trends

Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.

Institutional Ownership by Quarter for Citi Trends (NASDAQ:CTRN)

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