Citi Trends, Inc. (NASDAQ:CTRN) Receives Consensus Rating of “Hold” from Analysts

Citi Trends, Inc. (NASDAQ:CTRNGet Rating) has earned an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $47.25.

A number of research firms have recently commented on CTRN. Craig Hallum cut Citi Trends from a “buy” rating to a “hold” rating and lowered their price target for the stock from $80.00 to $34.00 in a report on Friday, May 20th. Gordon Haskett cut Citi Trends from a “buy” rating to an “accumulate” rating and lowered their price target for the stock from $90.00 to $60.00 in a report on Thursday, February 10th. StockNews.com began coverage on Citi Trends in a report on Thursday, March 31st. They set a “hold” rating for the company. Telsey Advisory Group lowered their price target on Citi Trends to $45.00 in a report on Wednesday. Finally, Zacks Investment Research cut Citi Trends from a “hold” rating to a “strong sell” rating in a report on Friday.

Shares of NASDAQ CTRN opened at $29.76 on Friday. The stock has a market capitalization of $257.99 million, a PE ratio of 4.39 and a beta of 2.01. The business has a fifty day moving average price of $30.45 and a two-hundred day moving average price of $50.98. Citi Trends has a fifty-two week low of $21.70 and a fifty-two week high of $97.46.

Citi Trends (NASDAQ:CTRNGet Rating) last announced its quarterly earnings data on Tuesday, May 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.08. Citi Trends had a return on equity of 48.27% and a net margin of 6.28%. During the same period in the previous year, the firm posted $3.23 earnings per share. As a group, equities research analysts expect that Citi Trends will post 4.45 earnings per share for the current fiscal year.

In related news, SVP Jessica Berkowitz sold 1,815 shares of the firm’s stock in a transaction that occurred on Tuesday, April 12th. The shares were sold at an average price of $31.95, for a total value of $57,989.25. Following the completion of the transaction, the senior vice president now owns 5,446 shares in the company, valued at approximately $173,999.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 6.20% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. increased its position in Citi Trends by 69.7% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 5,435 shares of the company’s stock valued at $397,000 after purchasing an additional 2,232 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Citi Trends by 125.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 22,360 shares of the company’s stock worth $1,631,000 after buying an additional 12,439 shares during the period. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Citi Trends during the 3rd quarter worth approximately $217,000. Janney Montgomery Scott LLC grew its position in shares of Citi Trends by 15.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,183 shares of the company’s stock worth $2,386,000 after buying an additional 3,296 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Citi Trends by 38.1% during the 4th quarter. Jennison Associates LLC now owns 587,715 shares of the company’s stock worth $55,686,000 after buying an additional 161,998 shares during the period.

About Citi Trends (Get Rating)

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. It 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.

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