JPMorgan Chase & Co. Has $4 Million Stock Position in Citi Trends, Inc. (NASDAQ:CTRN)

JPMorgan Chase & Co. increased its position in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 5,400.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 152,422 shares of the company's stock after purchasing an additional 149,651 shares during the quarter. JPMorgan Chase & Co. owned 1.75% of Citi Trends worth $4,001,000 as of its most recent filing with the SEC.

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

Citi Trends Stock Down 0.8 %

CTRN stock traded down $0.17 during midday trading on Friday, reaching $20.66. The company had a trading volume of 5,523 shares, compared to its average volume of 124,741. The firm has a market capitalization of $179.95 million, a PE ratio of -6.73 and a beta of 2.02. The stock has a 50 day moving average price of $21.99 and a 200 day moving average price of $22.66. Citi Trends, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $29.41.

Citi Trends (NASDAQ:CTRN - Get Free Report) last posted 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). The firm had revenue of $211.17 million for the quarter, compared to analyst estimates 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 previous year, the firm earned $0.53 earnings per share.

Analyst Upgrades and Downgrades

Several research analysts have commented on CTRN shares. DA Davidson reissued a "buy" rating and issued a $29.00 price objective on shares of Citi Trends in a research report on Wednesday, March 19th. StockNews.com upgraded Citi Trends from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Finally, Craig Hallum raised shares of Citi Trends from a "hold" rating to a "buy" rating and set a $36.00 target price on the stock in a research report on Monday, February 10th.

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.