Citi Trends, Inc. (NASDAQ:CTRN) SVP Sells $57,989.25 in Stock

Citi Trends, Inc. (NASDAQ:CTRNGet Rating) SVP Jessica Berkowitz sold 1,815 shares of the business’s stock in a transaction dated Tuesday, April 12th. The stock was sold at an average price of $31.95, for a total value of $57,989.25. Following the sale, the senior vice president now owns 5,446 shares in the company, valued at $173,999.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ:CTRN opened at $32.01 on Friday. Citi Trends, Inc. has a 52 week low of $27.59 and a 52 week high of $111.44. The company has a market cap of $272.09 million, a P/E ratio of 4.72 and a beta of 2.08. The business has a fifty day simple moving average of $36.57 and a 200-day simple moving average of $61.22.

Citi Trends (NASDAQ:CTRNGet Rating) last posted its earnings results on Tuesday, March 15th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.07. The company had revenue of $240.97 million during the quarter, compared to analyst estimates of $241.80 million. Citi Trends had a return on equity of 46.72% and a net margin of 6.28%. During the same period in the prior year, the company earned $1.81 earnings per share. Research analysts forecast that Citi Trends, Inc. will post 4.45 earnings per share for the current year.

A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Citi Trends from a “buy” rating to a “hold” rating in a research note on Friday, March 18th. TheStreet cut shares of Citi Trends from a “b-” rating to a “c+” rating in a report on Thursday, February 17th. Telsey Advisory Group lowered their price target on Citi Trends from $100.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, March 9th. Craig Hallum cut their price target on Citi Trends from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. Finally, Gordon Haskett cut Citi Trends from a “buy” rating to an “accumulate” rating and decreased their price objective for the stock from $90.00 to $60.00 in a report on Thursday, February 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Citi Trends has a consensus rating of “Buy” and an average target price of $71.20.

A number of institutional investors have recently bought and sold shares of CTRN. Point72 Hong Kong Ltd acquired a new stake in shares of Citi Trends in the third quarter valued at approximately $25,000. Cutler Group LP bought a new stake in shares of Citi Trends during the 1st quarter worth approximately $27,000. US Bancorp DE increased its position in Citi Trends by 301.0% during the 3rd quarter. US Bancorp DE now owns 401 shares of the company’s stock worth $29,000 after purchasing an additional 301 shares in the last quarter. UMB Bank N A MO acquired a new stake in shares of Citi Trends during the fourth quarter worth $38,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Citi Trends during the third quarter worth about $51,000.

Citi Trends Company Profile (Get Rating)

Citi Trends, Inc operates as a value-priced 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 kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.

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