Barclays PLC Buys 4,300 Shares of Citi Trends, Inc. (NASDAQ:CTRN)

Barclays PLC boosted its stake in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 19.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,953 shares of the company’s stock after purchasing an additional 4,300 shares during the period. Barclays PLC owned about 0.30% of Citi Trends worth $478,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Empowered Funds LLC lifted its position 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 in the last quarter. Quest Partners LLC bought a new stake in Citi Trends during the 3rd quarter worth approximately $40,000. Quantbot Technologies LP lifted its holdings in Citi Trends by 111.3% during the third quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock valued at $148,000 after purchasing an additional 4,250 shares in the last quarter. Anchor Capital Advisors LLC lifted its holdings in Citi Trends by 11.3% during the second quarter. Anchor Capital Advisors LLC now owns 52,247 shares of the company’s stock valued at $1,111,000 after purchasing an additional 5,307 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new stake in shares of Citi Trends in the second quarter worth $208,000.

Insiders Place Their Bets

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of Citi Trends stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $26.44, for a total value of $317,280.00. Following the sale, the director now owns 33,396 shares of the company’s stock, valued at $882,990.24. The trade was a 26.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Citi Trends Stock Performance

Shares of NASDAQ:CTRN opened at $25.98 on Friday. The firm has a market cap of $226.29 million, a price-to-earnings ratio of -8.46 and a beta of 2.36. The firm has a fifty day moving average price of $21.95 and a 200 day moving average price of $19.45. Citi Trends, Inc. has a fifty-two week low of $13.65 and a fifty-two week high of $32.90.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CTRN. StockNews.com cut shares of Citi Trends from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Craig Hallum raised their price target on Citi Trends from $14.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, DA Davidson upped their price objective on Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th.

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.