Citi Trends (NASDAQ:CTRN) VP Katrina George Sells 450 Shares

Citi Trends, Inc. (NASDAQ:CTRN) VP Katrina George sold 450 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $45.22, for a total transaction of $20,349.00. Following the completion of the transaction, the vice president directly owned 5,384 shares in the company, valued at approximately $243,464.48. The trade was a 7.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Citi Trends Stock Performance

Shares of CTRN opened at $46.13 on Wednesday. The firm has a market capitalization of $385.19 million, a P/E ratio of -23.07 and a beta of 2.08. Citi Trends, Inc. has a 52 week low of $16.82 and a 52 week high of $49.50. The stock has a 50 day moving average price of $41.76 and a two-hundred day moving average price of $36.00.

Citi Trends (NASDAQ:CTRN) last posted its earnings results on Tuesday, December 2nd. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). Citi Trends had a negative net margin of 2.05% and a negative return on equity of 22.84%. The company had revenue of $197.09 million during the quarter, compared to the consensus estimate of $187.33 million.

Institutional Investors Weigh In On Citi Trends

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in Citi Trends by 343.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,573 shares of the company’s stock valued at $421,000 after buying an additional 10,509 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Citi Trends in the third quarter valued at approximately $2,778,000. XTX Topco Ltd grew its position in shares of Citi Trends by 22.4% during the 3rd quarter. XTX Topco Ltd now owns 19,825 shares of the company’s stock valued at $615,000 after purchasing an additional 3,628 shares in the last quarter. Susquehanna International Group LLP raised its position in shares of Citi Trends by 147.4% in the third quarter. Susquehanna International Group LLP now owns 41,905 shares of the company’s stock worth $1,300,000 after buying an additional 24,965 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Citi Trends by 124.0% during the third quarter. Qube Research & Technologies Ltd now owns 98,909 shares of the company’s stock worth $3,069,000 after buying an additional 54,761 shares in the last quarter.

Analyst Upgrades and Downgrades

CTRN has been the subject of several analyst reports. DA Davidson set a $43.00 target price on shares of Citi Trends and gave the company a “buy” rating in a report on Wednesday, December 3rd. Wall Street Zen cut Citi Trends from a “buy” rating to a “hold” rating in a research report on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Citi Trends in a research report 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’s stock. Based on data from MarketBeat.com, Citi Trends presently has a consensus rating of “Hold” and an average price target of $39.50.

Citi Trends Company Profile

Citi Trends, Inc (NASDAQ: CTRN) is an off-price retail apparel chain that focuses on value-priced urban fashion apparel and accessories for men, women, and children. Headquartered in Savannah, Georgia, the company offers a broad assortment of merchandise, including denim, sportswear, activewear, and seasonal styles, complemented by footwear, jewelry, cosmetics, and home goods. Through its purchasing model, Citi Trends sources closeouts, overstocks and canceled orders from name-brand vendors, enabling it to offer trending styles at competitive price points.

The company operates more than 500 stores across the Southeastern and Mid-Atlantic regions of the United States, with typical store footprints of approximately 11,000 square feet.