Citi Trends, Inc. (NASDAQ:CTRN) Shares Sold by Jump Financial LLC

Jump Financial LLC lessened its stake in Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 70.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,572 shares of the company's stock after selling 20,562 shares during the quarter. Jump Financial LLC owned about 0.10% of Citi Trends worth $225,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CTRN. Jane Street Group LLC acquired a new position in Citi Trends in the third quarter valued at $193,000. Barclays PLC raised its holdings in shares of Citi Trends by 19.9% in the 3rd quarter. Barclays PLC now owns 25,953 shares of the company's stock worth $478,000 after purchasing an additional 4,300 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Citi Trends by 7.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 100,523 shares of the company's stock valued at $2,639,000 after purchasing an additional 6,702 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Citi Trends during the 4th quarter worth about $85,000. Finally, Empowered Funds LLC increased its position in Citi Trends by 5.0% during the 4th quarter. Empowered Funds LLC now owns 25,278 shares of the company's stock worth $664,000 after purchasing an additional 1,195 shares in the last quarter.

Citi Trends Stock Performance

Shares of CTRN stock traded up $0.90 during trading hours on Friday, hitting $22.84. 10,930 shares of the company were exchanged, compared to its average volume of 123,684. The stock has a market capitalization of $189.03 million, a price-to-earnings ratio of -7.44 and a beta of 2.02. Citi Trends, Inc. has a one year low of $13.66 and a one year high of $29.41. The business's 50-day simple moving average is $21.28 and its two-hundred day simple moving average is $22.74.

Citi Trends (NASDAQ:CTRN - Get Free Report) last released its earnings results on Tuesday, March 18th. The company reported ($1.55) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($1.73). Citi Trends had a negative return on equity of 14.43% and a negative net margin of 3.36%. The firm had revenue of $211.17 million for the quarter, compared to the consensus estimate of $211.54 million. During the same period in the prior year, the business earned $0.53 EPS.

Analysts Set New Price Targets

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

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.