Citi Trends, Inc. (NASDAQ:CTRN) Director Jonathan Duskin sold 2,100 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $20.65, for a total transaction of $43,365.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ:CTRN traded up $0.44 during midday trading on Wednesday, reaching $21.24. The company’s stock had a trading volume of 6,483 shares, compared to its average volume of 71,798. Citi Trends, Inc. has a 12-month low of $13.41 and a 12-month high of $22.30. The company has a quick ratio of 0.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $244.52 million, a P/E ratio of 12.97 and a beta of 0.57. The firm has a 50 day moving average of $18.75 and a 200-day moving average of $16.70.
Citi Trends (NASDAQ:CTRN) last released its quarterly earnings results on Tuesday, November 26th. The company reported ($0.09) earnings per share (EPS) for the quarter. Citi Trends had a net margin of 1.87% and a return on equity of 8.13%. The firm had revenue of $183.05 million for the quarter. On average, research analysts predict that Citi Trends, Inc. will post 1.45 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new stake in shares of Citi Trends in the 3rd quarter worth $109,000. Meeder Asset Management Inc. increased its position in shares of Citi Trends by 1,637.7% in the third quarter. Meeder Asset Management Inc. now owns 8,619 shares of the company’s stock valued at $157,000 after buying an additional 8,123 shares in the last quarter. Rhumbline Advisers lifted its stake in Citi Trends by 7.7% in the 3rd quarter. Rhumbline Advisers now owns 19,333 shares of the company’s stock valued at $354,000 after buying an additional 1,375 shares in the last quarter. Stone Ridge Asset Management LLC boosted its stake in Citi Trends by 23.2% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 22,664 shares of the company’s stock worth $331,000 after purchasing an additional 4,263 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Citi Trends by 15.3% in the 3rd quarter. First Trust Advisors LP now owns 23,847 shares of the company’s stock valued at $436,000 after acquiring an additional 3,164 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.
Separately, ValuEngine upgraded shares of Citi Trends from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th.
About Citi Trends
Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, such as fashion sportswear for men and women, as well as children, including newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional bedroom, bathroom, and kitchen products, as well as beauty products and toys.
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