Insider Selling: Citi Trends, Inc. (NASDAQ:CTRN) VP Sells 750 Shares of Stock

Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) VP Katrina George sold 750 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $33.94, for a total transaction of $25,455.00. Following the transaction, the vice president now owns 6,150 shares of the company's stock, valued at approximately $208,731. This represents a 10.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Citi Trends Price Performance

CTRN stock traded down $1.89 during trading hours on Friday, reaching $30.18. The stock had a trading volume of 89,088 shares, compared to its average volume of 123,858. The stock has a 50-day simple moving average of $24.73 and a 200 day simple moving average of $24.57. Citi Trends, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $34.63. The stock has a market capitalization of $249.83 million, a PE ratio of -9.83 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.36. Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%. The company had revenue of $201.73 million for the quarter, compared to analysts' expectations of $195.76 million. During the same period in the prior year, the firm earned ($0.32) EPS.

Analysts Set New Price Targets

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

Institutional Trading of Citi Trends

Hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC raised its stake in Citi Trends by 5.0% in the 1st quarter. Hsbc Holdings PLC now owns 10,328 shares of the company's stock valued at $223,000 after acquiring an additional 488 shares during the period. Barclays PLC increased its holdings in shares of Citi Trends by 2.5% in the fourth quarter. Barclays PLC now owns 26,595 shares of the company's stock valued at $699,000 after purchasing an additional 642 shares during the last quarter. Wells Fargo & Company MN raised 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 purchasing an additional 695 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Citi Trends by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 16,220 shares of the company's stock worth $359,000 after buying an additional 717 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of 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 buying an additional 1,195 shares during the last quarter.

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.