Citi Trends, Inc. (NASDAQ:CTRN) Director Jonathan Duskin Sells 2,100 Shares of Stock

Citi Trends, Inc. (NASDAQ:CTRN) Director Jonathan Duskin sold 2,100 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $23.56, for a total value of $49,476.00. Following the transaction, the director now directly owns 13,275 shares of the company’s stock, valued at approximately $312,759. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Jonathan Duskin also recently made the following trade(s):

• On Monday, August 28th, Jonathan Duskin sold 6,000 shares of Citi Trends stock. The stock was sold at an average price of $23.02, for a total value of $138,120.00.

Citi Trends Trading Up 0.6 %

Shares of CTRN opened at $23.15 on Wednesday. Citi Trends, Inc. has a 1 year low of $14.20 and a 1 year high of $34.94. The stock has a 50 day simple moving average of $19.53 and a 200-day simple moving average of $19.84. The stock has a market cap of $192.38 million, a PE ratio of 9.61 and a beta of 2.34.

Citi Trends (NASDAQ:CTRN) last issued its earnings results on Tuesday, August 22nd. The company reported ($0.60) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.97) by $0.37. Citi Trends had a negative return on equity of 1.01% and a net margin of 2.59%. The business had revenue of $173.55 million during the quarter. During the same period in the previous year, the company posted ($0.31) earnings per share.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Benchmark reaffirmed a “buy” rating and issued a $35.00 price target on shares of Citi Trends in a report on Wednesday, August 23rd. Craig Hallum raised Citi Trends from a “hold” rating to a “buy” rating and upped their price target for the company from $18.00 to $32.00 in a report on Wednesday, August 23rd. DA Davidson assumed coverage on Citi Trends in a report on Tuesday, June 27th. They issued a “buy” rating and a $21.00 price target for the company. Finally, StockNews.com assumed coverage on Citi Trends in a report on Thursday, August 17th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Citi Trends presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

Hedge Funds Weigh In On Citi Trends

Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in shares of Citi Trends in the 4th quarter worth approximately $53,000. Barclays PLC raised its holdings in shares of Citi Trends by 303.7% in the 4th quarter. Barclays PLC now owns 2,176 shares of the company’s stock worth $58,000 after buying an additional 1,637 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Citi Trends by 82.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,536 shares of the company’s stock worth $67,000 after acquiring an additional 1,144 shares during the last quarter. Point72 Hong Kong Ltd grew its position in Citi Trends by 430.5% during the 1st quarter. Point72 Hong Kong Ltd now owns 2,727 shares of the company’s stock worth $84,000 after acquiring an additional 2,213 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC grew its position in Citi Trends by 97.9% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,883 shares of the company’s stock worth $60,000 after acquiring an additional 1,921 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Citi Trends Company Profile

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.