Posted by admin on Aug 17th, 2022

Los Angeles Capital Management LLC lifted its stake in Citi Trends, Inc. (NASDAQ:CTRN – Get Rating) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,223 shares of the company’s stock after buying an additional 460 shares during the period. Los Angeles Capital Management LLC owned approximately 0.11% of Citi Trends worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Jennison Associates LLC boosted its stake in shares of Citi Trends by 38.1% in the fourth quarter. Jennison Associates LLC now owns 587,715 shares of the company’s stock valued at $55,686,000 after buying an additional 161,998 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in Citi Trends during the fourth quarter worth $42,638,000. Rockefeller Capital Management L.P. lifted its stake in Citi Trends by 1,133,757.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 158,740 shares of the company’s stock worth $14,708,000 after purchasing an additional 158,726 shares during the last quarter. Royce & Associates LP lifted its stake in Citi Trends by 24.2% during the first quarter. Royce & Associates LP now owns 95,473 shares of the company’s stock worth $2,924,000 after purchasing an additional 18,600 shares during the last quarter. Finally, Anchor Capital Advisors LLC lifted its stake in Citi Trends by 58.1% during the first quarter. Anchor Capital Advisors LLC now owns 93,646 shares of the company’s stock worth $2,868,000 after purchasing an additional 34,399 shares during the last quarter.

Several equities research analysts have weighed in on the company. Benchmark cut their target price on Citi Trends to $50.00 in a research note on Wednesday, May 25th. Telsey Advisory Group lowered their price target on shares of Citi Trends to $45.00 in a report on Wednesday, May 25th. Finally, Craig Hallum downgraded shares of Citi Trends from a “buy” rating to a “hold” rating and lowered their price target for the stock from $80.00 to $34.00 in a report on Friday, May 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.25.

NASDAQ CTRN opened at $33.77 on Wednesday. The company has a market capitalization of $283.50 million, a price-to-earnings ratio of 4.73 and a beta of 1.97. Citi Trends, Inc. has a twelve month low of $20.42 and a twelve month high of $97.46. The stock has a fifty day simple moving average of $25.02 and a 200 day simple moving average of $30.97.

Citi Trends (NASDAQ:CTRN – Get Rating) last posted its quarterly earnings data on Tuesday, May 24th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $208.22 million during the quarter, compared to the consensus estimate of $207.10 million. Citi Trends had a return on equity of 27.43% and a net margin of 6.73%. During the same period in the prior year, the business posted $3.23 earnings per share. Research analysts expect that Citi Trends, Inc. will post 2.52 earnings per share for the current fiscal year.

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. It 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.

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