Citi Trends, Inc. (NASDAQ:CTRN) Director Jonathan Duskin Sells 12,000 Shares

Citi Trends, Inc. (NASDAQ:CTRN) Director Jonathan Duskin sold 12,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $26.44, for a total value of $317,280.00. Following the completion of the sale, the director now owns 33,396 shares in the company, valued at $882,990.24. This trade represents a 26.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Citi Trends Price Performance

CTRN stock traded up $0.37 during mid-day trading on Friday, hitting $26.85. 53,210 shares of the stock were exchanged, compared to its average volume of 121,482. The business has a fifty day moving average price of $21.27 and a 200 day moving average price of $19.30. Citi Trends, Inc. has a 12 month low of $13.65 and a 12 month high of $32.90. The stock has a market capitalization of $233.86 million, a price-to-earnings ratio of -8.75 and a beta of 2.36.

Institutional Trading of Citi Trends

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC grew its position in Citi Trends by 19.9% during the third quarter. Barclays PLC now owns 25,953 shares of the company’s stock valued at $478,000 after acquiring an additional 4,300 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Citi Trends in the 3rd quarter valued at $339,000. Jane Street Group LLC bought a new position in shares of Citi Trends during the 3rd quarter valued at $193,000. Quantbot Technologies LP raised its position in Citi Trends by 111.3% in the 3rd quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock worth $148,000 after purchasing an additional 4,250 shares during the period. Finally, Quest Partners LLC bought a new stake in Citi Trends in the third quarter worth $40,000.

Analyst Ratings Changes

Several research firms have weighed in on CTRN. Craig Hallum raised their price target on Citi Trends from $14.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. DA Davidson raised their target price on shares of Citi Trends from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, StockNews.com cut shares of Citi Trends from a “hold” rating to a “sell” rating in a research note on Friday, December 6th.

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.