Citi Trends (NASDAQ:CTRN) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Citi Trends (NASDAQ:CTRN - Free Report) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

Several other research analysts have also issued reports on the stock. Craig Hallum upgraded shares of 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. DA Davidson reiterated a "buy" rating and issued a $29.00 target price on shares of Citi Trends in a research report on Wednesday, March 19th.

Citi Trends Stock Performance

CTRN stock traded up $0.13 during midday trading on Friday, reaching $33.96. 109,687 shares of the company's stock traded hands, compared to its average volume of 123,676. The company has a 50-day moving average price of $23.66 and a two-hundred day moving average price of $24.27. Citi Trends has a 52 week low of $13.66 and a 52 week high of $34.68. The firm has a market capitalization of $281.12 million, a PE ratio of -11.06 and a beta of 1.94.

Citi Trends (NASDAQ:CTRN - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.36. The firm had revenue of $201.73 million for the quarter, compared to analysts' expectations of $195.76 million. Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%. During the same quarter in the prior year, the firm posted ($0.32) earnings per share.

Institutional Trading of Citi Trends

Several institutional investors have recently added to or reduced their stakes in CTRN. Empowered Funds LLC boosted 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 during the period. Rhumbline Advisers boosted its position in Citi Trends by 157.3% during the fourth quarter. Rhumbline Advisers now owns 31,089 shares of the company's stock valued at $816,000 after buying an additional 19,005 shares during the period. AlphaQuest LLC boosted its position in Citi Trends by 287.5% during 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. JPMorgan Chase & Co. boosted its position in Citi Trends by 5,400.6% during the fourth quarter. JPMorgan Chase & Co. now owns 152,422 shares of the company's stock valued at $4,001,000 after buying an additional 149,651 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Citi Trends by 130.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 59,991 shares of the company's stock valued at $1,575,000 after buying an additional 33,946 shares during the period.

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.