Citi Trends, Inc. (NASDAQ:CTRN) Shares Sold by Long Focus Capital Management LLC

Long Focus Capital Management LLC reduced its position in Citi Trends, Inc. (NASDAQ:CTRN - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,455 shares of the company's stock after selling 35,000 shares during the quarter. Long Focus Capital Management LLC owned 6.39% of Citi Trends worth $14,607,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Citi Trends by 5,400.6% during the 4th quarter. JPMorgan Chase & Co. now owns 152,422 shares of the company's stock valued at $4,001,000 after purchasing an additional 149,651 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Citi Trends by 130.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 59,991 shares of the company's stock worth $1,575,000 after acquiring an additional 33,946 shares during the period. Rhumbline Advisers raised its stake in shares of Citi Trends by 157.3% during the 4th quarter. Rhumbline Advisers now owns 31,089 shares of the company's stock valued at $816,000 after buying an additional 19,005 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Citi Trends in the 3rd quarter valued at about $193,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Citi Trends in the fourth quarter worth about $225,000.

Analyst Ratings Changes

CTRN has been the topic of a number of recent analyst reports. Craig Hallum upgraded 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 restated a "buy" rating and set a $29.00 target price on shares of Citi Trends in a research report on Wednesday, March 19th. Finally, StockNews.com upgraded Citi Trends from a "sell" rating to a "hold" rating in a research report on Friday, March 28th.

Citi Trends Stock Down 0.2 %

NASDAQ:CTRN traded down $0.04 on Monday, reaching $20.47. The company's stock had a trading volume of 9,854 shares, compared to its average volume of 124,815. The firm has a market cap of $169.41 million, a price-to-earnings ratio of -6.67 and a beta of 2.02. Citi Trends, Inc. has a 12-month low of $13.66 and a 12-month high of $29.41. The stock has a 50 day moving average price of $21.68 and a 200 day moving average price of $22.73.

Citi Trends (NASDAQ:CTRN - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported ($1.55) earnings per share 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 company had revenue of $211.17 million for the quarter, compared to analysts' expectations of $211.54 million. During the same period in the previous year, the business posted $0.53 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.