Citi Trends, Inc. (NASDAQ:CTRN) VP Sells $25,455.00 in Stock

Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) VP Katrina George sold 750 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $33.94, for a total value 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 $208,731. The trade was a 10.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Citi Trends Price Performance

Shares of CTRN stock traded down $1.89 during trading hours on Friday, reaching $30.18. 89,088 shares of the company's stock were exchanged, compared to its average volume of 123,753. The company has a market cap of $249.83 million, a P/E ratio of -9.83 and a beta of 1.94. The company's 50 day moving average is $24.73 and its two-hundred day moving average is $24.63. Citi Trends, Inc. has a 1 year low of $13.66 and a 1 year high of $34.63.

Citi Trends (NASDAQ:CTRN - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.36. The business had revenue of $201.73 million during the quarter, compared to the consensus estimate 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 prior year, the business posted ($0.32) EPS.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Citi Trends from a "buy" rating to a "hold" rating in a report on Saturday. DA Davidson reaffirmed a "buy" rating and set a $29.00 price objective on shares of Citi Trends in a research note on Wednesday, March 19th.

Institutional Investors Weigh In On Citi Trends

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of Citi Trends in the 1st quarter worth approximately $63,000. Wells Fargo & Company MN grew its holdings in Citi Trends by 22.8% during the 4th quarter. Wells Fargo & Company MN now owns 3,745 shares of the company's stock valued at $98,000 after buying an additional 695 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in Citi Trends during the 4th quarter valued at $105,000. State of Wyoming acquired a new stake in Citi Trends during the 1st quarter valued at $148,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Citi Trends during the 1st quarter valued at $204,000.

Citi Trends Company 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.