Citi Trends (NASDAQ:CTRN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Citi Trends (NASDAQ:CTRN) from a sell rating to a hold rating in a research note issued to investors on Thursday.

CTRN has been the topic of a number of other research reports. DA Davidson lowered their target price on Citi Trends from $33.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. Craig Hallum lowered their price objective on Citi Trends from $25.00 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, August 28th.

Citi Trends Stock Down 0.3 %

Citi Trends stock opened at $19.95 on Thursday. The company’s 50-day moving average price is $18.97 and its two-hundred day moving average price is $19.02. The stock has a market cap of $171.97 million, a P/E ratio of -7.44 and a beta of 2.40. Citi Trends has a twelve month low of $13.65 and a twelve month high of $32.90.

Insider Transactions at Citi Trends

In related news, CFO Heather L. Plutino bought 3,573 shares of Citi Trends stock in a transaction dated Wednesday, September 4th. The shares were bought at an average cost of $13.99 per share, with a total value of $49,986.27. Following the acquisition, the chief financial officer now owns 21,316 shares in the company, valued at $298,210.84. This trade represents a 20.14 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quest Partners LLC bought a new position in Citi Trends in the 3rd quarter valued at about $40,000. Quantbot Technologies LP boosted its position in shares of Citi Trends by 111.3% during the 3rd quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock worth $148,000 after acquiring an additional 4,250 shares in the last quarter. Jane Street Group LLC bought a new position in Citi Trends in the third quarter valued at approximately $193,000. Deerfield Management Company L.P. Series C acquired a new position in Citi Trends during the second quarter valued at approximately $208,000. Finally, Rhumbline Advisers lifted its stake in Citi Trends by 41,964.0% during the second quarter. Rhumbline Advisers now owns 10,516 shares of the company’s stock worth $224,000 after purchasing an additional 10,491 shares during the last quarter.

Citi Trends Company Profile

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.