Paradigm Capital Management Inc. NY reduced its stake in Citi Trends, Inc. (NASDAQ:CTRN) by 14.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 832,134 shares of the company’s stock after selling 144,094 shares during the period. Citi Trends accounts for approximately 1.4% of Paradigm Capital Management Inc. NY’s investment portfolio, making the stock its 28th biggest position. Paradigm Capital Management Inc. NY owned approximately 6.06% of Citi Trends worth $16,535,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Citi Trends by 60.6% in the first quarter. JPMorgan Chase & Co. now owns 50,403 shares of the company’s stock valued at $857,000 after purchasing an additional 19,021 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Citi Trends by 6.5% in the first quarter. Vanguard Group Inc. now owns 601,986 shares of the company’s stock valued at $10,234,000 after purchasing an additional 36,687 shares during the last quarter. Federated Investors Inc. PA increased its holdings in shares of Citi Trends by 40.0% in the second quarter. Federated Investors Inc. PA now owns 51,919 shares of the company’s stock valued at $1,102,000 after purchasing an additional 14,827 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 3,473 shares during the last quarter. Finally, Numeric Investors LLC increased its holdings in shares of Citi Trends by 335.1% in the second quarter. Numeric Investors LLC now owns 65,700 shares of the company’s stock valued at $1,394,000 after purchasing an additional 50,600 shares during the last quarter. Hedge funds and other institutional investors own 91.36% of the company’s stock.

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CTRN has been the topic of several research reports. TheStreet upgraded shares of Citi Trends from a “c+” rating to a “b-” rating in a research note on Monday, October 16th. BidaskClub downgraded shares of Citi Trends from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th.

Citi Trends, Inc. (NASDAQ CTRN) traded up $0.14 during mid-day trading on Friday, hitting $21.38. 42,300 shares of the company traded hands, compared to its average volume of 74,339. Citi Trends, Inc. has a fifty-two week low of $15.54 and a fifty-two week high of $22.73. The firm has a market capitalization of $293.83, a P/E ratio of 20.76 and a beta of 0.42.

Citi Trends (NASDAQ:CTRN) last released its quarterly earnings results on Wednesday, August 16th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). Citi Trends had a net margin of 1.88% and a return on equity of 6.93%. The business had revenue of $166.20 million during the quarter, compared to analyst estimates of $164.70 million. During the same quarter last year, the company posted ($0.01) earnings per share. The company’s revenue was up 7.0% on a year-over-year basis.

Citi Trends Company Profile

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.

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

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