Kathmere Capital Management LLC Acquires New Holdings in Citi Trends, Inc. (NASDAQ:CTRN)

Kathmere Capital Management LLC bought a new position in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CTRN. Shay Capital LLC raised its stake in 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 purchasing an additional 102,958 shares during the period. Ameriprise Financial Inc. boosted its position in Citi Trends by 0.7% during the 4th quarter. Ameriprise Financial Inc. now owns 198,887 shares of the company's stock worth $5,221,000 after acquiring an additional 1,400 shares during the period. Geode Capital Management LLC boosted its position in Citi Trends by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 166,558 shares of the company's stock worth $4,373,000 after acquiring an additional 3,086 shares during the period. JPMorgan Chase & Co. boosted its position in Citi Trends by 5,400.6% during the 4th quarter. JPMorgan Chase & Co. now owns 152,422 shares of the company's stock worth $4,001,000 after acquiring an additional 149,651 shares during the period. Finally, Solas Capital Management LLC boosted its position in Citi Trends by 17.6% during the 4th quarter. Solas Capital Management LLC now owns 151,412 shares of the company's stock worth $3,975,000 after acquiring an additional 22,650 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen lowered Citi Trends from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. DA Davidson restated a "buy" rating and set a $29.00 price objective on shares of Citi Trends in a research report on Wednesday, March 19th.

Citi Trends Trading Up 0.9%

NASDAQ CTRN traded up $0.28 during trading on Wednesday, reaching $30.11. 47,658 shares of the company's stock were exchanged, compared to its average volume of 109,583. Citi Trends, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $34.63. The firm has a market capitalization of $249.61 million, a PE ratio of -6.45 and a beta of 1.98. The company's fifty day simple moving average is $29.32 and its 200-day simple moving average is $25.57.

Citi Trends (NASDAQ:CTRN - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.36. The business had revenue of $201.73 million during the quarter, compared to analyst estimates 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 company earned ($0.32) EPS.

Insider Activity

In other news, VP Katrina George sold 750 shares of Citi Trends stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $33.94, for a total transaction of $25,455.00. Following the completion of the sale, the vice president directly owned 6,150 shares in the company, valued at $208,731. The trade was a 10.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is currently owned by corporate insiders.

Citi Trends 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.