State Street Corp Sells 11,131 Shares of Citi Trends, Inc. (NASDAQ:CTRN)

State Street Corp decreased its holdings in Citi Trends, Inc. (NASDAQ:CTRN) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,472 shares of the company’s stock after selling 11,131 shares during the quarter. State Street Corp owned 1.13% of Citi Trends worth $1,791,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Quest Partners LLC purchased a new position in shares of Citi Trends during the third quarter valued at approximately $40,000. Quantbot Technologies LP grew its position in Citi Trends by 111.3% in the 3rd quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock worth $148,000 after purchasing an additional 4,250 shares during the period. Deerfield Management Company L.P. Series C bought a new stake in Citi Trends in the 2nd quarter worth approximately $208,000. Rhumbline Advisers raised its stake in Citi Trends by 41,964.0% during the 2nd quarter. Rhumbline Advisers now owns 10,516 shares of the company’s stock valued at $224,000 after buying an additional 10,491 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Citi Trends by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 24,083 shares of the company’s stock valued at $442,000 after buying an additional 1,206 shares during the period.

Citi Trends Stock Down 1.1 %

NASDAQ CTRN opened at $26.25 on Thursday. Citi Trends, Inc. has a 52 week low of $13.65 and a 52 week high of $32.90. The company has a market capitalization of $228.64 million, a P/E ratio of -8.55 and a beta of 2.36. The stock’s 50-day moving average price is $21.82 and its 200-day moving average price is $19.40.

Insider Buying and Selling

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $26.44, for a total value of $317,280.00. Following the completion of the transaction, the director now directly owns 33,396 shares in the company, valued at $882,990.24. This represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

CTRN has been the subject of a number of recent research reports. Craig Hallum boosted their price target on Citi Trends from $14.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. DA Davidson boosted their target price on shares of Citi Trends from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of Citi Trends from a “hold” rating to a “sell” rating in a research report on Friday, December 6th.

Citi Trends Profile

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