Geode Capital Management LLC Has $4.37 Million Stock Holdings in Citi Trends, Inc. (NASDAQ:CTRN)

Geode Capital Management LLC boosted its position in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,558 shares of the company’s stock after purchasing an additional 3,086 shares during the period. Geode Capital Management LLC owned 1.91% of Citi Trends worth $4,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Citi Trends in the fourth quarter worth approximately $85,000. Jane Street Group LLC bought a new stake in Citi Trends in the third quarter worth approximately $193,000. AlphaQuest LLC increased its stake in shares of Citi Trends by 287.5% during the 4th quarter. AlphaQuest LLC now owns 8,354 shares of the company’s stock worth $219,000 after purchasing an additional 6,198 shares during the last quarter. Barclays PLC raised its holdings in shares of Citi Trends by 19.9% during the 3rd quarter. Barclays PLC now owns 25,953 shares of the company’s stock valued at $478,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Citi Trends by 5.0% in the 4th quarter. Empowered Funds LLC now owns 25,278 shares of the company’s stock valued at $664,000 after purchasing an additional 1,195 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have weighed in on CTRN. StockNews.com raised Citi Trends from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. DA Davidson reissued a “buy” rating and issued a $29.00 price objective on shares of Citi Trends in a research note on Wednesday, March 19th. Finally, Craig Hallum raised Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Monday, February 10th.

Citi Trends Stock Performance

Shares of NASDAQ:CTRN opened at $20.50 on Friday. Citi Trends, Inc. has a 52-week low of $13.66 and a 52-week high of $29.41. The company has a market cap of $169.70 million, a P/E ratio of -6.68 and a beta of 2.02. The stock’s 50-day moving average is $21.68 and its 200-day moving average is $22.70.

Citi Trends (NASDAQ:CTRN) last released its earnings results on Tuesday, March 18th. The company reported ($1.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($1.73). Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%. The business had revenue of $211.17 million during the quarter, compared to analyst estimates of $211.54 million. During the same period last year, the business earned $0.53 EPS.

About Citi Trends

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.