D. E. Shaw & Co. Inc. Acquires 7,931 Shares of Citi Trends, Inc. (NASDAQ:CTRN)

D. E. Shaw & Co. Inc. lifted its holdings in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,419 shares of the company’s stock after purchasing an additional 7,931 shares during the period. D. E. Shaw & Co. Inc. owned 0.95% of Citi Trends worth $2,163,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Balyasny Asset Management L.P. acquired a new position in Citi Trends during the 4th quarter worth approximately $284,000. Bank of America Corp DE raised its stake in Citi Trends by 29.5% during the 4th quarter. Bank of America Corp DE now owns 8,801 shares of the company’s stock worth $231,000 after buying an additional 2,003 shares during the period. Ameriprise Financial Inc. raised its stake in Citi Trends by 0.7% during the 4th quarter. Ameriprise Financial Inc. now owns 198,887 shares of the company’s stock worth $5,221,000 after buying an additional 1,400 shares during the period. Northern Trust Corp raised its stake in shares of Citi Trends by 5.1% in the fourth quarter. Northern Trust Corp now owns 77,013 shares of the company’s stock worth $2,022,000 after purchasing an additional 3,726 shares during the last quarter. Finally, Solas Capital Management LLC raised its stake in shares of Citi Trends by 17.6% in the fourth quarter. Solas Capital Management LLC now owns 151,412 shares of the company’s stock worth $3,975,000 after purchasing an additional 22,650 shares during the last quarter.

Citi Trends Stock Performance

NASDAQ:CTRN opened at $26.42 on Wednesday. The firm has a market capitalization of $218.70 million, a price-to-earnings ratio of -8.61 and a beta of 2.01. Citi Trends, Inc. has a 52-week low of $13.66 and a 52-week high of $29.41. The stock has a fifty day moving average of $21.62 and a 200 day moving average of $23.21.

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

Analysts Set New Price Targets

CTRN has been the subject of a number of research analyst reports. StockNews.com raised Citi Trends from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. Craig Hallum upgraded Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Monday, February 10th. Finally, DA Davidson reiterated a “buy” rating and issued a $29.00 price target on shares of Citi Trends in a research report on Wednesday, March 19th.

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.