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

J. Goldman & Co LP reduced its stake in Citi Trends, Inc. (NASDAQ:CTRN) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 89,999 shares of the company’s stock after selling 10,000 shares during the quarter. J. Goldman & Co LP owned approximately 1.03% of Citi Trends worth $2,362,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd bought a new position in Citi Trends in the 4th quarter worth $85,000. Wells Fargo & Company MN raised its holdings in 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 acquiring an additional 695 shares during the period. MetLife Investment Management LLC bought a new stake in Citi Trends during the fourth quarter valued at about $105,000. Jane Street Group LLC bought a new stake in Citi Trends during the third quarter valued at about $193,000. Finally, AlphaQuest LLC raised its holdings in Citi Trends by 287.5% during the fourth quarter. AlphaQuest LLC now owns 8,354 shares of the company’s stock valued at $219,000 after acquiring an additional 6,198 shares during the period.

Citi Trends Trading Down 1.6%

Shares of CTRN stock opened at $23.04 on Monday. Citi Trends, Inc. has a 12-month low of $13.66 and a 12-month high of $29.41. The stock’s 50-day moving average price is $21.15 and its 200-day moving average price is $22.93. The stock has a market capitalization of $190.73 million, a price-to-earnings ratio of -7.50 and a beta of 2.01.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com raised Citi Trends from a “sell” rating to a “hold” rating in a report on Friday, March 28th. Craig Hallum raised Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Monday, February 10th. Finally, DA Davidson reissued a “buy” rating and set a $29.00 price target on shares of Citi Trends in a report on Wednesday, March 19th.

Citi Trends 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.