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

Millennium Management LLC purchased a new stake in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Barclays PLC increased its stake in shares of Citi Trends by 2.5% during the 4th quarter. Barclays PLC now owns 26,595 shares of the company's stock worth $699,000 after purchasing an additional 642 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Citi Trends by 22.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,745 shares of the company's stock valued at $98,000 after acquiring an additional 695 shares during the period. Empowered Funds LLC increased its position in Citi Trends by 5.0% during the fourth quarter. Empowered Funds LLC now owns 25,278 shares of the company's stock worth $664,000 after acquiring an additional 1,195 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Citi Trends by 0.7% during the fourth 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 period. Finally, Bank of America Corp DE increased its stake in 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 acquiring an additional 2,003 shares during the period.

Citi Trends Price Performance

Shares of Citi Trends stock traded down $1.26 on Thursday, hitting $32.07. 79,721 shares of the company's stock traded hands, compared to its average volume of 123,908. Citi Trends, Inc. has a one year low of $13.66 and a one year high of $35.02. The company has a fifty day moving average of $24.24 and a two-hundred day moving average of $24.40. The company has a market capitalization of $265.48 million, a price-to-earnings ratio of -10.45 and a beta of 1.94.

Citi Trends (NASDAQ:CTRN - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates 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 14.43% and a negative net margin of 3.36%. During the same period in the previous year, the company posted ($0.32) EPS.

Analysts Set New Price Targets

Several research firms have commented on CTRN. DA Davidson reissued a "buy" rating and issued a $29.00 target price on shares of Citi Trends in a report on Wednesday, March 19th. Wall Street Zen upgraded Citi Trends from a "sell" rating to a "hold" rating in a research note on Friday, June 6th.

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.