Citi Trends (NASDAQ:CTRN) VP Katrina George Sells 500 Shares of Company Stock

Citi Trends, Inc. (NASDAQ:CTRN – Get Free Report) VP Katrina George sold 500 shares of Citi Trends stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $50.57, for a total value of $25,285.00. Following the transaction, the vice president directly owned 5,213 shares of the company’s stock, valued at approximately $263,621.41. This represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Citi Trends Stock Performance

CTRN opened at $49.59 on Wednesday. The company has a market cap of $413.58 million, a price-to-earnings ratio of 44.41 and a beta of 1.81. Citi Trends, Inc. has a one year low of $34.43 and a one year high of $77.91. The business’s fifty day moving average is $62.40 and its two-hundred day moving average is $55.48.

Citi Trends (NASDAQ:CTRN – Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.37. Citi Trends had a return on equity of 8.11% and a net margin of 0.84%. The business had revenue of $211.63 million during the quarter, compared to analysts’ expectations of $211.60 million.

Institutional Trading of Citi Trends

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new position in Citi Trends in the second quarter valued at $856,000. Hsbc Holdings PLC acquired a new stake in Citi Trends in the 2nd quarter worth about $828,000. Lotus Technology Management LP purchased a new stake in Citi Trends in the 2nd quarter valued at about $1,734,000. Bank of New York Mellon Corp purchased a new stake in Citi Trends in the 2nd quarter valued at about $1,133,000. Finally, Sei Investments Co. grew its holdings in Citi Trends by 101.7% in the 1st quarter. Sei Investments Co. now owns 45,536 shares of the company’s stock valued at $1,973,000 after buying an additional 22,964 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CTRN. Wall Street Zen cut shares of Citi Trends from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. DA Davidson set a $81.00 price target on Citi Trends in a report on Wednesday, August 26th. Finally, Weiss Ratings raised Citi Trends from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.00.

Read Our Latest Stock Analysis on Citi Trends

About Citi Trends

(Get Free Report)

Citi Trends, Inc is a value-oriented retailer specializing in fashionable apparel, accessories, footwear and home goods for primarily African American and Latinx families. The company offers merchandise for women, men and children, including casual clothing, seasonal items, jewelry, beauty products, toys and household goods.

Based in Savannah, Georgia, Citi Trends sells its products through a nationwide network of brick-and-mortar stores and its e-commerce platform. Its stores are generally located in urban and value-focused communities across the United States, with merchandise assortments designed to reflect local customer preferences and trends.

The company traces its roots to 1946, when it was established as Allied Department Stores, and adopted the Citi Trends name in 2001.

Further Reading

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