DekaBank Deutsche Girozentrale Purchases Shares of 3,630 Citi Trends, Inc. (NASDAQ:CTRN)

DekaBank Deutsche Girozentrale purchased a new stake in Citi Trends, Inc. (NASDAQ:CTRNGet Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,630 shares of the company’s stock, valued at approximately $115,000.

A number of other institutional investors have also recently made changes to their positions in CTRN. Adage Capital Partners GP L.L.C. bought a new stake in shares of Citi Trends in the 4th quarter valued at about $42,638,000. Jennison Associates LLC grew its position in shares of Citi Trends by 38.1% in the 4th quarter. Jennison Associates LLC now owns 587,715 shares of the company’s stock valued at $55,686,000 after buying an additional 161,998 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Citi Trends by 1,133,757.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 158,740 shares of the company’s stock valued at $14,708,000 after purchasing an additional 158,726 shares during the period. Strs Ohio acquired a new position in shares of Citi Trends in the 1st quarter valued at about $575,000. Finally, Squarepoint Ops LLC lifted its stake in shares of Citi Trends by 104.3% in the 4th quarter. Squarepoint Ops LLC now owns 36,186 shares of the company’s stock valued at $3,429,000 after purchasing an additional 18,471 shares during the period.

Citi Trends Stock Performance

CTRN stock opened at $24.06 on Tuesday. The stock’s 50 day simple moving average is $25.61 and its 200 day simple moving average is $34.14. Citi Trends, Inc. has a fifty-two week low of $20.42 and a fifty-two week high of $97.46. The company has a market cap of $201.98 million, a P/E ratio of 3.37 and a beta of 2.05.

Citi Trends (NASDAQ:CTRNGet Rating) last posted its quarterly earnings results on Tuesday, May 24th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Citi Trends had a return on equity of 27.43% and a net margin of 6.73%. During the same quarter in the prior year, the company posted $3.23 EPS. Equities analysts predict that Citi Trends, Inc. will post 2.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CTRN shares. Telsey Advisory Group dropped their price objective on Citi Trends to $45.00 in a research note on Wednesday, May 25th. Craig Hallum downgraded Citi Trends from a “buy” rating to a “hold” rating and dropped their price objective for the company from $80.00 to $34.00 in a research note on Friday, May 20th. Benchmark dropped their price objective on Citi Trends to $50.00 in a research note on Wednesday, May 25th. Finally, StockNews.com started coverage on Citi Trends in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Citi Trends presently has an average rating of “Moderate Buy” and an average target price of $47.25.

Citi Trends Company Profile

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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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Institutional Ownership by Quarter for Citi Trends (NASDAQ:CTRN)

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