R Squared Ltd Buys Shares of 3,250 Citi Trends, Inc. (NASDAQ:CTRN)

R Squared Ltd purchased a new position in shares of Citi Trends, Inc. (NASDAQ:CTRN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,250 shares of the company’s stock, valued at approximately $85,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Citi Trends by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 608,553 shares of the company’s stock worth $12,938,000 after buying an additional 37,107 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Citi Trends in the 2nd quarter valued at approximately $584,000. Exchange Traded Concepts LLC acquired a new stake in Citi Trends in the 3rd quarter worth approximately $1,723,000. Royce & Associates LP boosted its position in Citi Trends by 5.4% during the third quarter. Royce & Associates LP now owns 196,110 shares of the company’s stock worth $3,603,000 after purchasing an additional 10,000 shares during the period. Finally, Empowered Funds LLC grew its holdings in Citi Trends by 5.3% during the third quarter. Empowered Funds LLC now owns 24,083 shares of the company’s stock valued at $442,000 after purchasing an additional 1,206 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CTRN. DA Davidson boosted their price objective on shares of Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Craig Hallum boosted their target price on shares of Citi Trends from $14.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised Citi Trends from a “sell” rating to a “hold” rating in a research report on Monday.

Citi Trends Price Performance

NASDAQ:CTRN opened at $26.17 on Friday. Citi Trends, Inc. has a one year low of $13.65 and a one year high of $32.90. The company has a fifty day moving average price of $25.08 and a 200 day moving average price of $20.29. The stock has a market cap of $227.94 million, a P/E ratio of -8.52 and a beta of 2.27.

Citi Trends (NASDAQ:CTRN) last released its earnings results on Tuesday, December 3rd. The company reported ($0.78) earnings per share for the quarter. Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%.

Insider Transactions at Citi Trends

In other news, Director Jonathan Duskin sold 12,000 shares of Citi Trends stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $26.44, for a total transaction of $317,280.00. Following the sale, the director now directly owns 33,396 shares in the company, valued at approximately $882,990.24. The trade was a 26.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is owned by insiders.

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.