BidaskClub downgraded shares of Citi Trends (NASDAQ:CTRN) from a buy rating to a hold rating in a research note released on Thursday morning.

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

Citi Trends (CTRN) opened at $24.61 on Thursday. Citi Trends has a 12-month low of $15.54 and a 12-month high of $28.12. The stock has a market capitalization of $338.14, a price-to-earnings ratio of 24.13 and a beta of 0.51.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.05 earnings per share (EPS) for the quarter. Citi Trends had a return on equity of 7.70% and a net margin of 2.04%. The business had revenue of $176.90 million for the quarter, compared to the consensus estimate of $171.30 million. During the same quarter in the prior year, the company earned ($0.06) EPS. The business’s revenue was up 10.1% compared to the same quarter last year.

Hedge funds have recently modified their holdings of the stock. TIAA CREF Investment Management LLC boosted its position in Citi Trends by 15.4% during the second quarter. TIAA CREF Investment Management LLC now owns 140,148 shares of the company’s stock valued at $2,974,000 after purchasing an additional 18,671 shares in the last quarter. Prudential Financial Inc. bought a new stake in Citi Trends during the third quarter valued at about $503,000. Nationwide Fund Advisors boosted its position in Citi Trends by 34.5% during the third quarter. Nationwide Fund Advisors now owns 73,205 shares of the company’s stock valued at $1,455,000 after purchasing an additional 18,783 shares in the last quarter. Northern Trust Corp boosted its position in Citi Trends by 4.1% during the second quarter. Northern Trust Corp now owns 202,634 shares of the company’s stock valued at $4,300,000 after purchasing an additional 7,994 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in Citi Trends during the second quarter valued at about $526,000. 86.45% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This news story was first published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://www.dailypolitical.com/2018/01/21/citi-trends-ctrn-downgraded-by-bidaskclub.html.

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.

Receive News & Ratings for Citi Trends Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citi Trends and related companies with MarketBeat.com's FREE daily email newsletter.