Long Focus Capital Management LLC Has $11.54 Million Stock Holdings in Citi Trends, Inc. $CTRN

Key Points

• Long Focus Capital Management LLC reduced its stake in Citi Trends, Inc. by 6.3%, selling 35,000 shares and owning approximately 6.30% of the company valued at $11.54 million.
• Research analysts have mixed sentiments on Citi Trends; DA Davidson increased its target price to $43.00, while Wall Street Zen downgraded it from "buy" to "hold."
• The company reported a loss of ($0.82) EPS for the last quarter, beating the consensus estimate by $0.19, with revenues slightly surpassing expectations at $190.75 million.

Long Focus Capital Management LLC cut its stake in Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 521,455 shares of the company's stock after selling 35,000 shares during the quarter. Long Focus Capital Management LLC owned approximately 6.30% of Citi Trends worth $11,542,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Nuveen LLC bought a new position in shares of Citi Trends in the first quarter valued at about $121,992,000. Shay Capital LLC raised its position in shares of Citi Trends by 40.1% in the fourth 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. Royce & Associates LP raised its position in shares of Citi Trends by 34.8% in the first quarter. Royce & Associates LP now owns 248,356 shares of the company's stock valued at $5,497,000 after purchasing an additional 64,178 shares during the period. Ameriprise Financial Inc. raised its position in shares of Citi Trends by 0.7% in the fourth quarter. Ameriprise Financial Inc. now owns 198,887 shares of the company's stock valued at $5,221,000 after purchasing an additional 1,400 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of Citi Trends by 10.6% in the fourth quarter. Two Sigma Advisers LP now owns 99,000 shares of the company's stock valued at $2,599,000 after purchasing an additional 9,500 shares during the period.

Insider Buying and Selling at Citi Trends

In other news, VP Katrina George sold 750 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $33.94, for a total value of $25,455.00. Following the sale, the vice president directly owned 6,150 shares in the company, valued at approximately $208,731. This trade represents a 10.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.80% of the company's stock.

Citi Trends Price Performance

CTRN traded up $1.76 during trading on Wednesday, hitting $36.78. 209,598 shares of the stock traded hands, compared to its average volume of 87,603. The business has a 50 day moving average price of $31.85 and a 200 day moving average price of $26.94. Citi Trends, Inc. has a twelve month low of $13.65 and a twelve month high of $39.17. The company has a market cap of $304.91 million, a price-to-earnings ratio of -18.39 and a beta of 2.07.

Citi Trends (NASDAQ:CTRN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 26th. The company reported ($0.82) EPS for the quarter, topping analysts' consensus estimates of ($1.01) by $0.19. Citi Trends had a negative return on equity of 21.07% and a negative net margin of 2.13%.The company had revenue of $190.75 million during the quarter, compared to analysts' expectations of $188.20 million.

Analysts Set New Price Targets

A number of equities analysts recently commented on CTRN shares. Wall Street Zen lowered shares of Citi Trends from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. DA Davidson raised their price target on shares of Citi Trends from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Citi Trends has an average rating of "Buy" and a consensus price target of $39.50.

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.