Kathmere Capital Management LLC Invests $775,000 in Citi Trends, Inc. (NASDAQ:CTRN)

Kathmere Capital Management LLC bought a new position in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 35,000 shares of the company's stock, valued at approximately $775,000. Kathmere Capital Management LLC owned 0.42% of Citi Trends at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTRN. AlphaQuest LLC boosted its stake in shares of Citi Trends by 287.5% during the 4th quarter. AlphaQuest LLC now owns 8,354 shares of the company's stock worth $219,000 after acquiring an additional 6,198 shares during the period. JPMorgan Chase & Co. boosted its stake in 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. Arrowstreet Capital Limited Partnership boosted its stake in Citi Trends by 130.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 59,991 shares of the company's stock valued at $1,575,000 after purchasing an additional 33,946 shares during the period. Geode Capital Management LLC boosted its stake in Citi Trends by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 166,558 shares of the company's stock valued at $4,373,000 after purchasing an additional 3,086 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Citi Trends by 22.8% in the 4th quarter. Wells Fargo & Company MN now owns 3,745 shares of the company's stock valued at $98,000 after purchasing an additional 695 shares during the period.

Citi Trends Price Performance

Shares of NASDAQ CTRN opened at $30.17 on Friday. The stock has a market capitalization of $250.11 million, a PE ratio of -6.46 and a beta of 1.98. The business has a fifty day moving average price of $29.04 and a two-hundred day moving average price of $25.53. Citi Trends, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $34.63.

Citi Trends (NASDAQ:CTRN - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.36. The firm had revenue of $201.73 million during the quarter, compared to analysts' expectations of $195.76 million. Citi Trends had a negative return on equity of 27.90% and a negative net margin of 5.06%. During the same period in the previous year, the firm earned ($0.32) EPS.

Insiders Place Their Bets

In other Citi Trends news, VP Katrina George sold 750 shares of Citi Trends stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $33.94, for a total value of $25,455.00. Following the completion of the transaction, the vice president directly owned 6,150 shares of the company's stock, valued at $208,731. The trade was a 10.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CTRN. Wall Street Zen downgraded Citi Trends from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. DA Davidson restated a "buy" rating and issued a $29.00 price target on shares of Citi Trends in a research note on Wednesday, March 19th.

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.

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