Margaret Jenkins Sells 2,000 Shares of Citi Trends (NASDAQ:CTRN) Stock

Key Points

• Director Margaret Jenkins sold 2,000 shares of Citi Trends on April 6 at an average price of $45.91 for a total of $91,820, cutting her stake by 12.37% to 14,163 shares (≈$650,223); the sale was disclosed in an SEC filing.
• Citi Trends beat quarterly expectations with $0.85 EPS and $230.39M revenue, but the company still shows thin profitability (0.64% net margin) and a negative return on equity (‑4.85%).
• Analyst and institutional sentiment is mixed: several funds have recently increased positions while analysts’ ratings average to a "Hold" with a consensus target price of $68.00.

Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) Director Margaret Jenkins sold 2,000 shares of Citi Trends stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $45.91, for a total transaction of $91,820.00. Following the sale, the director owned 14,163 shares of the company's stock, valued at approximately $650,223.33. The trade was a 12.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Citi Trends Price Performance

Shares of CTRN stock traded down $1.93 during midday trading on Tuesday, reaching $43.89. 25,495 shares of the company traded hands, compared to its average volume of 95,005. Citi Trends, Inc. has a 1-year low of $17.98 and a 1-year high of $56.78. The firm's 50 day simple moving average is $45.48 and its two-hundred day simple moving average is $41.93. The firm has a market cap of $366.26 million, a PE ratio of 74.39 and a beta of 2.04.

Citi Trends (NASDAQ:CTRN - Get Free Report) last issued its quarterly earnings data on Tuesday, March 17th. The company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. The firm had revenue of $230.39 million for the quarter, compared to analyst estimates of $227.42 million. Citi Trends had a net margin of 0.64% and a negative return on equity of 4.85%.

Institutional Investors Weigh In On Citi Trends

Several institutional investors have recently bought and sold shares of CTRN. Dynamic Technology Lab Private Ltd bought a new stake in Citi Trends in the 1st quarter valued at approximately $204,000. Arrowstreet Capital Limited Partnership lifted its stake in Citi Trends by 17.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 64,248 shares of the company's stock valued at $2,145,000 after acquiring an additional 9,380 shares in the last quarter. Invesco Ltd. boosted its holdings in Citi Trends by 243.3% during the second quarter. Invesco Ltd. now owns 103,965 shares of the company's stock worth $3,471,000 after purchasing an additional 73,678 shares during the last quarter. Marshall Wace LLP boosted its holdings in Citi Trends by 269.2% during the second quarter. Marshall Wace LLP now owns 160,084 shares of the company's stock worth $5,345,000 after purchasing an additional 116,722 shares during the last quarter. Finally, Avestar Capital LLC acquired a new position in Citi Trends during the second quarter worth $224,000.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CTRN shares. Wall Street Zen downgraded shares of Citi Trends from a "buy" rating to a "hold" rating in a report on Monday, December 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Citi Trends in a research note on Wednesday, January 21st. Craig Hallum reaffirmed a "buy" rating on shares of Citi Trends in a research note on Wednesday, March 18th. Finally, DA Davidson set a $68.00 target price on shares of Citi Trends in a research note on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $68.00.

About Citi Trends

Citi Trends, Inc NASDAQ: CTRN is an off-price retail apparel chain that focuses on value-priced urban fashion apparel and accessories for men, women, and children. Headquartered in Savannah, Georgia, the company offers a broad assortment of merchandise, including denim, sportswear, activewear, and seasonal styles, complemented by footwear, jewelry, cosmetics, and home goods. Through its purchasing model, Citi Trends sources closeouts, overstocks and canceled orders from name-brand vendors, enabling it to offer trending styles at competitive price points.

The company operates more than 500 stores across the Southeastern and Mid-Atlantic regions of the United States, with typical store footprints of approximately 11,000 square feet.

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