Insider Selling: Citi Trends (NASDAQ:CTRN) VP Sells 450 Shares of Stock

Citi Trends, Inc. (NASDAQ:CTRN) VP Katrina George sold 450 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $45.22, for a total value of $20,349.00. Following the transaction, the vice president owned 5,384 shares of the company’s stock, valued at approximately $243,464.48. This represents a 7.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Citi Trends Price Performance

NASDAQ:CTRN traded up $1.22 during trading hours on Tuesday, hitting $46.13. The company had a trading volume of 134,561 shares, compared to its average volume of 225,987. The stock has a 50-day moving average price of $41.56 and a 200 day moving average price of $35.89. The company has a market capitalization of $385.19 million, a PE ratio of -23.07 and a beta of 2.08. Citi Trends, Inc. has a 52 week low of $16.82 and a 52 week high of $49.50.

Citi Trends (NASDAQ:CTRN) last posted its earnings results on Tuesday, December 2nd. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The company had revenue of $197.09 million during the quarter, compared to analysts’ expectations of $187.33 million. Citi Trends had a negative return on equity of 22.84% and a negative net margin of 2.05%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. DA Davidson set a $43.00 target price on Citi Trends and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Citi Trends in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Citi Trends from a “buy” rating to a “hold” rating in a research report on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.50.

Institutional Trading of Citi Trends

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP increased its position in Citi Trends by 269.2% during the 2nd quarter. Marshall Wace LLP now owns 160,084 shares of the company’s stock valued at $5,345,000 after buying an additional 116,722 shares in the last quarter. UBS Group AG grew its stake in shares of Citi Trends by 478.3% in the third quarter. UBS Group AG now owns 122,631 shares of the company’s stock worth $3,805,000 after acquiring an additional 101,426 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Citi Trends in the third quarter worth $2,778,000. Invesco Ltd. increased its holdings in shares of Citi Trends by 243.3% during the second quarter. Invesco Ltd. now owns 103,965 shares of the company’s stock valued at $3,471,000 after acquiring an additional 73,678 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Citi Trends by 124.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 98,909 shares of the company’s stock worth $3,069,000 after purchasing an additional 54,761 shares during the last quarter.

Citi Trends Company Profile

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.