Deutsche Bank AG Lowers Position in Citi Trends, Inc. (NASDAQ:CTRN)

Deutsche Bank AG reduced its holdings in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 65.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,872 shares of the company's stock after selling 26,323 shares during the period. Deutsche Bank AG owned approximately 0.16% of Citi Trends worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTRN. R Squared Ltd acquired a new position in shares of Citi Trends during the fourth quarter valued at about $85,000. Wells Fargo & Company MN grew its position in Citi Trends by 22.8% during the 4th quarter. Wells Fargo & Company MN now owns 3,745 shares of the company's stock worth $98,000 after purchasing an additional 695 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Citi Trends during the 4th quarter valued at approximately $105,000. AlphaQuest LLC increased its stake in Citi Trends by 287.5% during the 4th quarter. AlphaQuest LLC now owns 8,354 shares of the company's stock valued at $219,000 after purchasing an additional 6,198 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Citi Trends in the fourth quarter worth $225,000.

Citi Trends Trading Up 2.6%

NASDAQ CTRN traded up $0.85 on Wednesday, hitting $33.72. 575,437 shares of the company's stock traded hands, compared to its average volume of 123,950. The firm's 50-day moving average price is $22.97 and its two-hundred day moving average price is $23.85. The firm has a market capitalization of $279.13 million, a PE ratio of -10.98 and a beta of 2.01. Citi Trends, Inc. has a 1-year low of $13.66 and a 1-year high of $34.39.

Citi Trends (NASDAQ:CTRN - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.37. Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%. The firm had revenue of $201.73 million during the quarter, compared to analysts' expectations of $195.76 million. During the same quarter last year, the company posted ($0.32) earnings per share.

Analyst Ratings Changes

CTRN has been the topic of a number of research analyst reports. DA Davidson reissued a "buy" rating and set a $29.00 price objective on shares of Citi Trends in a report on Wednesday, March 19th. 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 note on Monday, February 10th. Finally, Wall Street Zen raised Citi Trends from a "sell" rating to a "hold" rating in a report on Friday, March 28th.

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.