AWM Investment Company Inc. Sells 322,571 Shares of Citi Trends, Inc. (NASDAQ:CTRN)

AWM Investment Company Inc. reduced its position in Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 58.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 228,783 shares of the company's stock after selling 322,571 shares during the quarter. AWM Investment Company Inc. owned approximately 2.63% of Citi Trends worth $6,006,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of Citi Trends by 5,400.6% in the 4th quarter. JPMorgan Chase & Co. now owns 152,422 shares of the company's stock valued at $4,001,000 after purchasing an additional 149,651 shares during the period. Shay Capital LLC grew its position in Citi Trends by 40.1% in the fourth quarter. Shay Capital LLC now owns 360,000 shares of the company's stock valued at $9,450,000 after acquiring an additional 102,958 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Citi Trends by 130.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 59,991 shares of the company's stock valued at $1,575,000 after acquiring an additional 33,946 shares during the period. Solas Capital Management LLC raised its stake in Citi Trends by 17.6% during the fourth quarter. Solas Capital Management LLC now owns 151,412 shares of the company's stock worth $3,975,000 after acquiring an additional 22,650 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of 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 acquiring an additional 19,005 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen raised Citi Trends from a "sell" rating to a "hold" rating in a report on Friday, March 28th. 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. Finally, DA Davidson restated a "buy" rating and issued a $29.00 price objective on shares of Citi Trends in a research report on Wednesday, March 19th.

Citi Trends Trading Up 0.5%

Shares of NASDAQ CTRN traded up $0.14 during midday trading on Monday, reaching $25.94. The company's stock had a trading volume of 53,801 shares, compared to its average volume of 122,969. The stock has a 50 day simple moving average of $21.89 and a 200-day simple moving average of $23.37. Citi Trends, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $29.41. The stock has a market capitalization of $214.73 million, a price-to-earnings ratio of -8.45 and a beta of 2.01.

Citi Trends (NASDAQ:CTRN - Get Free Report) 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). The firm had revenue of $211.17 million during 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 quarter in the prior year, the business earned $0.53 EPS.

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.