Two Sigma Investments LP Reduces Stock Holdings in Citi Trends, Inc. (NASDAQ:CTRN)

Two Sigma Investments LP trimmed its holdings in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,379 shares of the company's stock after selling 14,808 shares during the quarter. Two Sigma Investments LP owned about 0.93% of Citi Trends worth $2,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CTRN. Barclays PLC grew its holdings in shares of Citi Trends by 2.5% during the fourth quarter. Barclays PLC now owns 26,595 shares of the company's stock worth $699,000 after purchasing an additional 642 shares in the last quarter. Wells Fargo & Company MN lifted its position in Citi Trends by 22.8% during the fourth quarter. Wells Fargo & Company MN now owns 3,745 shares of the company's stock valued at $98,000 after purchasing an additional 695 shares during the last quarter. Empowered Funds LLC grew its stake in Citi Trends by 5.0% in the 4th quarter. Empowered Funds LLC now owns 25,278 shares of the company's stock worth $664,000 after buying an additional 1,195 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Citi Trends by 0.7% in the 4th quarter. Ameriprise Financial Inc. now owns 198,887 shares of the company's stock worth $5,221,000 after buying an additional 1,400 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Citi Trends by 29.5% in the 4th quarter. Bank of America Corp DE now owns 8,801 shares of the company's stock worth $231,000 after buying an additional 2,003 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on CTRN shares. DA Davidson reaffirmed a "buy" rating and set a $29.00 price objective on shares of Citi Trends in a report on Wednesday, March 19th. Wall Street Zen raised Citi Trends from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Finally, Craig Hallum upgraded Citi Trends from a "hold" rating to a "buy" rating and set a $36.00 price objective on the stock in a research report on Monday, February 10th.

Citi Trends Trading Down 1.4%

Shares of NASDAQ:CTRN traded down $0.47 on Thursday, reaching $33.25. 166,617 shares of the company traded hands, compared to its average volume of 123,838. The stock has a market capitalization of $275.24 million, a P/E ratio of -10.83 and a beta of 2.01. The business's 50-day simple moving average is $23.19 and its 200 day simple moving average is $23.97. Citi Trends, Inc. has a 52 week low of $13.66 and a 52 week high of $34.44.

Citi Trends (NASDAQ:CTRN - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.36. Citi Trends had a negative return on equity of 14.43% and a negative net margin of 3.36%. The business had revenue of $201.73 million for the quarter, compared to analyst estimates of $195.76 million. During the same period last year, the company earned ($0.32) EPS.

About Citi Trends

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.