Citi Trends (NASDAQ:CTRN) Upgraded at Craig Hallum

Craig Hallum upgraded shares of Citi Trends (NASDAQ:CTRN) from a hold rating to a buy rating in a research note issued to investors on Monday, MarketBeat.com reports. They currently have $36.00 price target on the stock.

A number of other research firms also recently commented on CTRN. DA Davidson boosted their price target on Citi Trends from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of Citi Trends from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th.

Citi Trends Stock Performance

NASDAQ:CTRN opened at $27.28 on Monday. The firm has a market cap of $237.61 million, a price-to-earnings ratio of -8.89 and a beta of 2.27. Citi Trends has a 52 week low of $13.65 and a 52 week high of $32.90. The firm’s 50-day simple moving average is $25.92 and its 200 day simple moving average is $20.68.

Citi Trends (NASDAQ:CTRN) last released its quarterly 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 Buying and Selling at Citi Trends

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $26.44, for a total value of $317,280.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Quest Partners LLC bought a new stake in Citi Trends during the 3rd quarter worth $40,000. R Squared Ltd bought a new stake in shares of Citi Trends during the fourth quarter worth about $85,000. Quantbot Technologies LP increased its stake in shares of Citi Trends by 111.3% in the third quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock valued at $148,000 after buying an additional 4,250 shares during the period. Jane Street Group LLC bought a new position in Citi Trends in the 3rd quarter valued at approximately $193,000. Finally, AlphaQuest LLC grew its holdings in Citi Trends by 287.5% during the 4th quarter. AlphaQuest LLC now owns 8,354 shares of the company’s stock worth $219,000 after acquiring an additional 6,198 shares during the last quarter.

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.