Citi Trends (NASDAQ:CTRN) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, TheStreet raised shares of Citi Trends from a “c+” rating to a “b-” rating in a report on Monday, October 16th.

Shares of Citi Trends (NASDAQ CTRN) opened at $26.03 on Friday. The company has a market capitalization of $357.65, a price-to-earnings ratio of 25.52 and a beta of 0.51. Citi Trends has a 12 month low of $15.54 and a 12 month high of $28.12.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.05 EPS for the quarter. The firm had revenue of $176.90 million during the quarter, compared to analyst estimates of $171.30 million. Citi Trends had a return on equity of 7.70% and a net margin of 2.04%. Citi Trends’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) EPS.

A number of institutional investors have recently modified their holdings of CTRN. Kestrel Investment Management Corp bought a new position in Citi Trends in the 3rd quarter worth $3,983,000. Alliancebernstein L.P. boosted its holdings in Citi Trends by 12.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,418,449 shares of the company’s stock worth $30,099,000 after buying an additional 155,880 shares during the period. Algert Global LLC boosted its holdings in Citi Trends by 136.1% in the 3rd quarter. Algert Global LLC now owns 233,938 shares of the company’s stock worth $4,648,000 after buying an additional 134,839 shares during the period. Russell Investments Group Ltd. boosted its holdings in Citi Trends by 305.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 103,653 shares of the company’s stock worth $2,060,000 after buying an additional 78,078 shares during the period. Finally, OxFORD Asset Management LLP boosted its holdings in Citi Trends by 361.9% in the 2nd quarter. OxFORD Asset Management LLP now owns 69,895 shares of the company’s stock worth $1,483,000 after buying an additional 54,764 shares during the period. 86.45% of the stock is owned by institutional investors.

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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.

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