Miller Value Partners LLC Buys New Holdings in Citi Trends, Inc. $CTRN

Miller Value Partners LLC purchased a new position in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 54,200 shares of the company's stock, valued at approximately $3,135,000. Miller Value Partners LLC owned about 0.65% of Citi Trends at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CTRN. BlackRock Inc. purchased a new stake in shares of Citi Trends during the second quarter valued at approximately $29,400,000. Vanguard Group Inc. grew its holdings in shares of Citi Trends by 10.2% in the third quarter. Vanguard Group Inc. now owns 373,685 shares of the company's stock worth $11,595,000 after purchasing an additional 34,450 shares during the last quarter. AWM Investment Company Inc. increased its stake in shares of Citi Trends by 3.9% in the fourth quarter. AWM Investment Company Inc. now owns 241,657 shares of the company's stock worth $10,043,000 after buying an additional 9,180 shares during the period. Marshall Wace LLP increased its stake in shares of Citi Trends by 61.1% in the fourth quarter. Marshall Wace LLP now owns 197,641 shares of the company's stock worth $8,214,000 after buying an additional 74,994 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Citi Trends by 239.6% in the fourth quarter. AQR Capital Management LLC now owns 182,133 shares of the company's stock worth $7,569,000 after buying an additional 128,508 shares during the period.

Trending Headlines about Citi Trends

Here are the key news stories impacting Citi Trends this week:

• Positive Sentiment: Full-year revenue guidance was raised or reaffirmed above expectations. Citi Trends forecast fiscal 2026 revenue of $902.0 million to $918.4 million, well above the approximately $859.3 million consensus estimate, signaling confidence in sales momentum. Citi Trends updates fiscal 2026 guidance
• Positive Sentiment: Second-quarter results exceeded analyst expectations. Citi Trends reported GAAP EPS of negative $0.11, beating estimates by $0.21, while revenue of $211.63 million topped consensus by $3.26 million. The company’s separately reported adjusted EPS was $0.05 versus expectations for a loss of $0.32. Citi Trends second-quarter fiscal 2026 results
• Positive Sentiment: D.A. Davidson maintained a Buy rating and raised its price target to $81. Analyst Michael Baker cited strong sales and margin momentum, reinforcing the bullish case following the earnings release. D.A. Davidson raises Citi Trends price target
• Neutral Sentiment: Management’s earnings call provided additional context on consumer traffic, sales trends and margins. Investors are assessing whether the company can convert its improved operating performance into sustained profitability. Citi Trends Q2 2026 earnings call transcript
• Negative Sentiment: A proposed $100 million shelf registration weighed on sentiment. Although the filing does not necessarily mean an immediate stock offering, investors may fear potential dilution or future capital needs. This financing overhang appears to have outweighed the earnings and guidance beats in the near term. Why Citi Trends stock is falling

Analyst Ratings Changes

Several equities research analysts have weighed in on CTRN shares. DA Davidson increased their price target on shares of Citi Trends from $68.00 to $73.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Wall Street Zen upgraded shares of Citi Trends from a "hold" rating to a "buy" rating in a research report on Monday, June 29th. Finally, Weiss Ratings raised shares of Citi Trends from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Citi Trends currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.

Citi Trends Trading Down 6.2%

Shares of Citi Trends stock opened at $69.71 on Wednesday. The company's fifty day simple moving average is $65.01 and its two-hundred day simple moving average is $52.61. The company has a market cap of $580.68 million, a P/E ratio of 50.15 and a beta of 1.82. Citi Trends, Inc. has a 12-month low of $29.60 and a 12-month high of $77.91.

Citi Trends (NASDAQ:CTRN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.32) by $0.37. Citi Trends had a net margin of 1.42% and a return on equity of 2.09%. The business had revenue of $211.63 million during the quarter, compared to analyst estimates of $211.60 million.

Citi Trends Profile

Citi Trends, Inc NASDAQ: CTRN is an off-price retail apparel chain that focuses on value-priced urban fashion apparel and accessories for men, women, and children. Headquartered in Savannah, Georgia, the company offers a broad assortment of merchandise, including denim, sportswear, activewear, and seasonal styles, complemented by footwear, jewelry, cosmetics, and home goods. Through its purchasing model, Citi Trends sources closeouts, overstocks and canceled orders from name-brand vendors, enabling it to offer trending styles at competitive price points.

The company operates more than 500 stores across the Southeastern and Mid-Atlantic regions of the United States, with typical store footprints of approximately 11,000 square feet.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source