Paradigm Capital Management Inc. NY reduced its holdings in Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 22.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased 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 worth $4,001,000 after purchasing an additional 149,651 shares during the last quarter. Shay Capital LLC grew its stake in shares of Citi Trends by 40.1% during the 4th quarter. Shay Capital LLC now owns 360,000 shares of the company's stock valued at $9,450,000 after buying an additional 102,958 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Citi Trends by 130.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 59,991 shares of the company's stock worth $1,575,000 after buying an additional 33,946 shares during the last quarter. Solas Capital Management LLC raised its position in shares of Citi Trends by 17.6% in the 4th quarter. Solas Capital Management LLC now owns 151,412 shares of the company's stock worth $3,975,000 after buying an additional 22,650 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Citi Trends by 157.3% in the 4th quarter. Rhumbline Advisers now owns 31,089 shares of the company's stock worth $816,000 after buying an additional 19,005 shares during the period.
Analyst Ratings Changes
A number of equities analysts have recently commented on CTRN shares. Craig Hallum upgraded Citi Trends from a "hold" rating to a "buy" rating and set a $36.00 price objective on the stock in a report on Monday, February 10th. DA Davidson reiterated a "buy" rating and set a $29.00 price objective on shares of Citi Trends in a research note on Wednesday, March 19th. Finally, StockNews.com raised shares of Citi Trends from a "sell" rating to a "hold" rating in a research note on Friday, March 28th.
Read Our Latest Analysis on Citi Trends
Citi Trends Stock Up 0.5%
Shares of NASDAQ:CTRN opened at $26.34 on Tuesday. The company has a market capitalization of $218.04 million, a price-to-earnings ratio of -8.58 and a beta of 2.01. The company has a 50 day moving average of $21.49 and a two-hundred day moving average of $23.18. Citi Trends, Inc. has a 52-week low of $13.66 and a 52-week high of $29.41.
Citi Trends (NASDAQ:CTRN - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported ($1.55) earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($1.73). Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%. The firm had revenue of $211.17 million during the quarter, compared to analysts' expectations of $211.54 million. During the same period in the previous year, the company earned $0.53 earnings per share.
About Citi Trends
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding CTRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citi Trends, Inc. (NASDAQ:CTRN - Free Report).
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