Two Sigma Advisers LP Raises Stock Holdings in Citi Trends, Inc. (NASDAQ:CTRN)

Two Sigma Advisers LP grew its stake in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,000 shares of the company's stock after buying an additional 9,500 shares during the period. Two Sigma Advisers LP owned 1.14% of Citi Trends worth $2,599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Shay Capital LLC increased its position in shares of Citi Trends by 40.1% during the fourth 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. Ameriprise Financial Inc. increased its position in shares of Citi Trends by 0.7% during the fourth quarter. Ameriprise Financial Inc. now owns 198,887 shares of the company's stock valued at $5,221,000 after buying an additional 1,400 shares during the period. Geode Capital Management LLC increased its position in shares of Citi Trends by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 166,558 shares of the company's stock valued at $4,373,000 after buying an additional 3,086 shares during the period. JPMorgan Chase & Co. increased its position in shares of 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, Solas Capital Management LLC increased its position in shares of Citi Trends by 17.6% during the fourth quarter. Solas Capital Management LLC now owns 151,412 shares of the company's stock valued at $3,975,000 after buying an additional 22,650 shares during the period.

Citi Trends Trading Down 0.3%

Shares of NASDAQ CTRN traded down $0.09 during midday trading on Friday, hitting $26.20. 45,308 shares of the company's stock were exchanged, compared to its average volume of 122,166. Citi Trends, Inc. has a 12-month low of $13.66 and a 12-month high of $29.41. The company has a market cap of $216.88 million, a price-to-earnings ratio of -8.53 and a beta of 2.01. The business's fifty day moving average price is $22.43 and its two-hundred day moving average price is $23.57.

Citi Trends (NASDAQ:CTRN - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $211.17 million for the quarter, compared to analysts' expectations of $211.54 million. During the same period in the previous year, the firm posted $0.53 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CTRN shares. Wall Street Zen upgraded Citi Trends from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. DA Davidson reiterated a "buy" rating and set a $29.00 price target on shares of Citi Trends in a research report on Wednesday, March 19th. Finally, Craig Hallum upgraded 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.

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.