Millennium Management LLC Purchases Shares of 8,934 Citi Trends, Inc. (NASDAQ:CTRN)

Millennium Management LLC purchased a new position in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,934 shares of the company's stock, valued at approximately $235,000. Millennium Management LLC owned about 0.10% of Citi Trends as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. D. E. Shaw & Co. Inc. increased its stake in shares of Citi Trends by 10.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 82,419 shares of the company's stock worth $2,163,000 after purchasing an additional 7,931 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Citi Trends during the 4th quarter worth approximately $284,000. Bank of America Corp DE increased its stake in shares of Citi Trends by 29.5% during the 4th quarter. Bank of America Corp DE now owns 8,801 shares of the company's stock worth $231,000 after purchasing an additional 2,003 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of 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 purchasing an additional 1,400 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Citi Trends by 5.1% in the 4th quarter. Northern Trust Corp now owns 77,013 shares of the company's stock worth $2,022,000 after buying an additional 3,726 shares during the period.

Insider Transactions at Citi Trends

In other news, VP Katrina George sold 750 shares of Citi Trends stock in a transaction on Tuesday, June 10th. The shares were 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 now directly owns 6,150 shares of the company's stock, valued at approximately $208,731. The trade was a 10.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.80% of the stock is currently owned by insiders.

Citi Trends Stock Down 5.9%

CTRN traded down $1.89 on Friday, hitting $30.18. The company's stock had a trading volume of 89,088 shares, compared to its average volume of 123,753. The company's 50 day simple moving average is $24.73 and its 200-day simple moving average is $24.60. The firm has a market cap of $249.83 million, a P/E ratio of -9.83 and a beta of 1.94. Citi Trends, Inc. has a 12 month low of $13.66 and a 12 month high of $34.63.

Citi Trends (NASDAQ:CTRN - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of ($0.19) by $0.36. 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 the consensus estimate of $195.76 million. During the same period last year, the firm earned ($0.32) EPS.

Analysts Set New Price Targets

CTRN has been the subject of several analyst reports. Wall Street Zen downgraded shares of Citi Trends from a "buy" rating to a "hold" rating in a report on Saturday. DA Davidson reaffirmed a "buy" rating and issued a $29.00 price objective on shares of Citi Trends in a report on Wednesday, March 19th.

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.