AWM Investment Company Inc. Buys Shares of 134,127 Citi Trends, Inc. $CTRN

AWM Investment Company Inc. bought a new position in Citi Trends, Inc. (NASDAQ:CTRN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 134,127 shares of the company's stock, valued at approximately $7,758,000. AWM Investment Company Inc. owned approximately 1.61% of Citi Trends as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTRN. Legal & General Group Plc bought a new stake in Citi Trends in the second quarter worth $30,000. Allworth Financial LP bought a new position in shares of Citi Trends during the second quarter valued at about $31,000. BNP Paribas Financial Markets grew its stake in shares of Citi Trends by 143.3% during 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 last quarter. New York State Common Retirement Fund increased its holdings in shares of 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 worth $46,000 after buying an additional 700 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Citi Trends in the fourth quarter worth about $51,000.

Citi Trends Trading Down 6.2%

Shares of NASDAQ:CTRN opened at $69.71 on Wednesday. The stock has a fifty day simple moving average of $65.01 and a two-hundred day simple moving average of $52.61. Citi Trends, Inc. has a 12-month low of $29.60 and a 12-month high of $77.91. The stock has a market capitalization of $580.68 million, a price-to-earnings ratio of 50.15 and a beta of 1.82.

Citi Trends (NASDAQ:CTRN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.32) by $0.37. The company had revenue of $211.63 million during the quarter, compared to analyst estimates of $211.60 million. Citi Trends had a net margin of 1.42% and a return on equity of 2.09%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CTRN. Weiss Ratings raised shares of Citi Trends from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, May 29th. DA Davidson boosted their price objective on shares of Citi Trends from $68.00 to $73.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Finally, Wall Street Zen raised shares of Citi Trends from a "hold" rating to a "buy" rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Citi Trends has an average rating of "Moderate Buy" and a consensus target price of $73.00.

More Citi Trends News

Here are the key news stories impacting Citi Trends this week:

• Positive Sentiment: Full-year revenue guidance was raised or reaffirmed above expectations. Citi Trends forecast fiscal 2026 revenue of $902.0 million to $918.4 million, well above the approximately $859.3 million consensus estimate, signaling confidence in sales momentum. Citi Trends updates fiscal 2026 guidance
• Positive Sentiment: Second-quarter results exceeded analyst expectations. Citi Trends reported GAAP EPS of negative $0.11, beating estimates by $0.21, while revenue of $211.63 million topped consensus by $3.26 million. The company’s separately reported adjusted EPS was $0.05 versus expectations for a loss of $0.32. Citi Trends second-quarter fiscal 2026 results
• Positive Sentiment: D.A. Davidson maintained a Buy rating and raised its price target to $81. Analyst Michael Baker cited strong sales and margin momentum, reinforcing the bullish case following the earnings release. D.A. Davidson raises Citi Trends price target
• Neutral Sentiment: Management’s earnings call provided additional context on consumer traffic, sales trends and margins. Investors are assessing whether the company can convert its improved operating performance into sustained profitability. Citi Trends Q2 2026 earnings call transcript
• Negative Sentiment: A proposed $100 million shelf registration weighed on sentiment. Although the filing does not necessarily mean an immediate stock offering, investors may fear potential dilution or future capital needs. This financing overhang appears to have outweighed the earnings and guidance beats in the near term. Why Citi Trends stock is falling

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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