Margaret Jenkins Sells 2,000 Shares of Citi Trends (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) Director Margaret Jenkins sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $45.91, for a total transaction of $91,820.00. Following the transaction, the director owned 14,163 shares of the company’s stock, valued at approximately $650,223.33. This represents a 12.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Citi Trends Price Performance

CTRN stock opened at $44.39 on Thursday. The company has a 50 day simple moving average of $45.54 and a 200 day simple moving average of $42.02. The stock has a market cap of $370.66 million, a price-to-earnings ratio of 75.24 and a beta of 2.04. Citi Trends, Inc. has a 1 year low of $18.06 and a 1 year high of $56.78.

Citi Trends (NASDAQ:CTRN) last released its quarterly earnings data on Tuesday, March 17th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Citi Trends had a net margin of 0.64% and a negative return on equity of 4.85%. The business had revenue of $230.39 million during the quarter, compared to analysts’ expectations of $227.42 million.

Wall Street Analyst Weigh In

CTRN has been the subject of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Citi Trends in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Citi Trends from a “buy” rating to a “hold” rating in a research report on Monday, December 15th. DA Davidson set a $68.00 price target on shares of Citi Trends in a research report on Tuesday, March 17th. Finally, Craig Hallum restated a “buy” rating on shares of Citi Trends in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Citi Trends presently has an average rating of “Hold” and an average price target of $68.00.

Hedge Funds Weigh In On Citi Trends

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in Citi Trends by 143.3% in the third quarter. BNP Paribas Financial Markets now owns 1,051 shares of the company’s stock valued at $33,000 after buying an additional 619 shares during the period. New York State Common Retirement Fund lifted its holdings in Citi Trends by 175.0% in the fourth quarter. New York State Common Retirement Fund now owns 1,100 shares of the company’s stock valued at $46,000 after buying an additional 700 shares during the period. Kemnay Advisory Services Inc. acquired a new position in Citi Trends in the fourth quarter valued at $51,000. Meeder Asset Management Inc. lifted its holdings in Citi Trends by 277.1% in the fourth quarter. Meeder Asset Management Inc. now owns 1,648 shares of the company’s stock valued at $68,000 after buying an additional 1,211 shares during the period. Finally, CWM LLC lifted its holdings in Citi Trends by 758.3% in the third quarter. CWM LLC now owns 2,678 shares of the company’s stock valued at $83,000 after buying an additional 2,366 shares during the period.

Citi Trends Company Profile

Citi Trends, Inc (NASDAQ: CTRN) is an off-price retail apparel chain that focuses on value-priced urban fashion apparel and accessories for men, women, and children. Headquartered in Savannah, Georgia, the company offers a broad assortment of merchandise, including denim, sportswear, activewear, and seasonal styles, complemented by footwear, jewelry, cosmetics, and home goods. Through its purchasing model, Citi Trends sources closeouts, overstocks and canceled orders from name-brand vendors, enabling it to offer trending styles at competitive price points.

The company operates more than 500 stores across the Southeastern and Mid-Atlantic regions of the United States, with typical store footprints of approximately 11,000 square feet.