Paradigm Capital Management Inc. NY Sells 56,532 Shares of Citi Trends, Inc. (NASDAQ:CTRN)

Paradigm Capital Management Inc. NY lessened its position in Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 200,000 shares of the company's stock after selling 56,532 shares during the quarter. Paradigm Capital Management Inc. NY owned approximately 2.30% of Citi Trends worth $5,250,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Barclays PLC increased its stake in Citi Trends by 2.5% in the 4th quarter. Barclays PLC now owns 26,595 shares of the company's stock valued at $699,000 after buying an additional 642 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Citi Trends by 22.8% during the fourth quarter. Wells Fargo & Company MN now owns 3,745 shares of the company's stock worth $98,000 after acquiring an additional 695 shares in the last quarter. 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 purchasing an additional 1,195 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Citi Trends by 0.7% in the fourth quarter. Ameriprise Financial Inc. now owns 198,887 shares of the company's stock valued at $5,221,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Citi Trends by 29.5% during the 4th quarter. Bank of America Corp DE now owns 8,801 shares of the company's stock worth $231,000 after purchasing an additional 2,003 shares during the last quarter.

Analyst Upgrades and Downgrades

CTRN has been the subject of several recent analyst reports. Wall Street Zen raised Citi Trends from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Craig Hallum raised shares of Citi Trends from a "hold" rating to a "buy" rating and set a $36.00 price target on the stock in a research report on Monday, February 10th. Finally, 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.

Citi Trends Trading Up 0.5%

Shares of NASDAQ:CTRN traded up $0.14 on Friday, hitting $25.94. The company had a trading volume of 53,801 shares, compared to its average volume of 122,969. The stock has a market cap of $214.73 million, a price-to-earnings ratio of -8.45 and a beta of 2.01. The stock has a 50 day moving average price of $21.89 and a 200 day moving average price of $23.34. Citi Trends, Inc. has a 1-year low of $13.66 and a 1-year high of $29.41.

Citi Trends (NASDAQ:CTRN - Get Free Report) last announced its earnings results on Tuesday, March 18th. The company reported ($1.55) EPS for the quarter, missing the consensus estimate of $0.18 by ($1.73). Citi Trends had a negative return on equity of 14.43% and a negative net margin of 3.36%. The company had revenue of $211.17 million for the quarter, compared to the consensus estimate of $211.54 million. During the same period in the previous year, the firm posted $0.53 EPS.

Citi Trends Company 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.