J. Goldman & Co LP Sells 10,000 Shares of Citi Trends, Inc. (NASDAQ:CTRN)

J. Goldman & Co LP reduced its stake in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,999 shares of the company’s stock after selling 10,000 shares during the quarter. J. Goldman & Co LP’s holdings in Citi Trends were worth $2,362,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in Citi Trends by 2.5% during the fourth quarter. Barclays PLC now owns 26,595 shares of the company’s stock worth $699,000 after acquiring an additional 642 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Citi Trends by 22.8% during the fourth 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 period. Empowered Funds LLC boosted its position in shares of Citi Trends by 5.0% during the fourth quarter. Empowered Funds LLC now owns 25,278 shares of the company’s stock valued at $664,000 after buying an additional 1,195 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Citi Trends by 0.7% during the fourth quarter. Ameriprise Financial Inc. now owns 198,887 shares of the company’s stock valued at $5,221,000 after buying an additional 1,400 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Citi Trends by 29.5% during the fourth quarter. Bank of America Corp DE now owns 8,801 shares of the company’s stock valued at $231,000 after buying an additional 2,003 shares during the period.

Citi Trends Stock Performance

Shares of NASDAQ CTRN opened at $23.04 on Monday. The firm has a market capitalization of $190.73 million, a price-to-earnings ratio of -7.50 and a beta of 2.01. The stock has a 50 day moving average price of $21.15 and a 200 day moving average price of $22.93. Citi Trends, Inc. has a 52-week low of $13.66 and a 52-week high of $29.41.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Tuesday, March 18th. The company reported ($1.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($1.73). The firm had revenue of $211.17 million during the quarter, compared to analysts’ expectations of $211.54 million. Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%. During the same quarter in the previous year, the firm posted $0.53 EPS.

Analyst Ratings Changes

CTRN has been the subject of several recent analyst reports. 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. Craig Hallum upgraded Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Monday, February 10th. Finally, StockNews.com upgraded Citi Trends from a “sell” rating to a “hold” rating in a research report on Friday, March 28th.

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.