XTX Topco Ltd Acquires New Stake in Citi Trends, Inc. $CTRN

XTX Topco Ltd bought a new position in shares of Citi Trends, Inc. (NASDAQ:CTRN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 16,197 shares of the company’s stock, valued at approximately $541,000. XTX Topco Ltd owned approximately 0.20% of Citi Trends at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CTRN. State of Wyoming acquired a new stake in shares of Citi Trends during the first quarter worth about $148,000. Dynamic Technology Lab Private Ltd acquired a new stake in Citi Trends during the 1st quarter worth approximately $204,000. Hsbc Holdings PLC boosted its position in Citi Trends by 5.0% in the 1st quarter. Hsbc Holdings PLC now owns 10,328 shares of the company’s stock valued at $223,000 after buying an additional 488 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Citi Trends in the second quarter worth $227,000. Finally, Hodges Capital Management Inc. acquired a new position in shares of Citi Trends in the second quarter worth $250,000.

Citi Trends Stock Up 0.8%

CTRN opened at $43.81 on Thursday. Citi Trends, Inc. has a 52 week low of $16.82 and a 52 week high of $49.50. The business’s 50 day moving average is $37.44 and its two-hundred day moving average is $33.64. The firm has a market cap of $364.06 million, a price-to-earnings ratio of -21.91 and a beta of 2.16.

Citi Trends (NASDAQ:CTRN) last announced its earnings results on Tuesday, December 2nd. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). The business had revenue of $197.09 million for the quarter, compared to analysts’ expectations of $187.33 million. Citi Trends had a negative return on equity of 21.25% and a negative net margin of 2.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CTRN shares. Wall Street Zen lowered Citi Trends from a “buy” rating to a “hold” rating in a report on Saturday, November 29th. DA Davidson set a $43.00 price objective on Citi Trends and gave the company a “buy” rating in a research note on Wednesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Citi Trends in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.50.

Citi Trends Profile

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear and footwear for men and ladies, as well as apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.