Northern Trust Corp Buys 3,726 Shares of Citi Trends, Inc. (NASDAQ:CTRN)

Northern Trust Corp raised its stake in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 5.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 77,013 shares of the company’s stock after purchasing an additional 3,726 shares during the period. Northern Trust Corp owned 0.88% of Citi Trends worth $2,022,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CTRN. Exchange Traded Concepts LLC grew its holdings in Citi Trends by 7.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 100,523 shares of the company’s stock valued at $2,639,000 after purchasing an additional 6,702 shares during the period. R Squared Ltd bought a new position in shares of Citi Trends in the fourth quarter worth about $85,000. Empowered Funds LLC boosted its stake in shares of Citi Trends by 5.0% in the fourth quarter. Empowered Funds LLC now owns 25,278 shares of the company’s stock worth $664,000 after acquiring an additional 1,195 shares during the period. Rhumbline Advisers boosted its stake in shares of Citi Trends by 157.3% in the fourth quarter. Rhumbline Advisers now owns 31,089 shares of the company’s stock worth $816,000 after acquiring an additional 19,005 shares during the period. Finally, AlphaQuest LLC boosted its stake in shares of Citi Trends by 287.5% in the fourth quarter. AlphaQuest LLC now owns 8,354 shares of the company’s stock worth $219,000 after acquiring an additional 6,198 shares during the period.

Citi Trends Trading Up 0.5%

Shares of Citi Trends stock opened at $25.94 on Monday. The stock has a 50 day moving average of $21.89 and a 200 day moving average of $23.37. Citi Trends, Inc. has a 12 month low of $13.66 and a 12 month high of $29.41. The firm has a market cap of $214.73 million, a PE ratio of -8.45 and a beta of 2.01.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Tuesday, March 18th. The company reported ($1.55) 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 firm had revenue of $211.17 million for the quarter, compared to the consensus estimate of $211.54 million. During the same period in the previous year, the company posted $0.53 earnings per share.

Wall Street Analysts Forecast Growth

CTRN has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Citi Trends in a research note on Wednesday, March 19th. Wall Street Zen raised Citi Trends from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. Finally, Craig Hallum raised Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, February 10th.

Citi Trends Company 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.