2 weeks Ago By ABMN Staff
Rhumbline Advisers grew its stake in Citi Trends, Inc. ( NASDAQ:CTRN – Free Report ) by 41,964.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 10,516 shares of the company’s stock after purchasing an additional 10,491 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Citi Trends worth $224,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in CTRN. SG Americas Securities LLC purchased a new stake in shares of Citi Trends in the first quarter valued at approximately $139,000. Empowered Funds LLC increased its holdings in Citi Trends by 8.
0% during the 1st quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock worth $577,000 after purchasing an additional 1,575 shares during the period. Franklin Resources Inc.
lifted its position in shares of Citi Trends by 22.1% during the 4th quarter. Franklin Resources Inc.
now owns 50,197 shares of the company’s stock worth $1,420,000 after purchasing an additional 9,074 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Citi Trends by 2.
5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 197,815 shares of the company’s stock worth $5,594,000 after purchasing an additional 4,779 shares in the last quarter.
Finally, Fund 1 Investments LLC lifted its stake in Citi Trends by 55.6% in the fourth quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company’s stock valued at $37,594,000 after buying an additional 474,736 shares during the last quarter.
Citi Trends Trading Up 0.2 % CTRN opened at $18.50 on Friday.
The company has a fifty day simple moving average of $16.59 and a 200 day simple moving average of $20.94.
The firm has a market cap of $159.01 million, a price-to-earnings ratio of -17.13 and a beta of 2.
39. Citi Trends, Inc. has a twelve month low of $13.
65 and a twelve month high of $32.90. Analysts Set New Price Targets Several brokerages recently weighed in on CTRN.
Benchmark reaffirmed a “buy” rating and set a $35.00 price target on shares of Citi Trends in a report on Wednesday, June 5th. Craig Hallum cut their price objective on Citi Trends from $25.
00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, August 28th. DA Davidson lowered their price target on shares of Citi Trends from $33.
00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. Finally, StockNews.
com downgraded shares of Citi Trends from a “hold” rating to a “sell” rating in a research note on Thursday, August 29th. View Our Latest Analysis on Citi Trends Insider Buying and Selling In related news, CEO Kenneth Duane Seipel purchased 86,998 shares of Citi Trends stock in a transaction dated Wednesday, July 10th. The stock was bought at an average cost of $18.
96 per share, with a total value of $1,649,482.08. Following the purchase, the chief executive officer now owns 123,916 shares in the company, valued at approximately $2,349,447.
36. The acquisition was disclosed in a document filed with the SEC, which is available through this link . In other Citi Trends news, CFO Heather L.
Plutino purchased 3,573 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were bought at an average price of $13.99 per share, for a total transaction of $49,986.
27. Following the purchase, the chief financial officer now directly owns 21,316 shares in the company, valued at approximately $298,210.84.
The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, CEO Kenneth Duane Seipel acquired 86,998 shares of the stock in a transaction dated Wednesday, July 10th. The shares were bought at an average cost of $18.
96 per share, for a total transaction of $1,649,482.08. Following the acquisition, the chief executive officer now owns 123,916 shares in the company, valued at approximately $2,349,447.
36. The disclosure for this purchase can be found here . Insiders acquired 278,699 shares of company stock valued at $5,181,338 in the last three months.
3.80% of the stock is currently owned by corporate insiders. Citi Trends Profile ( Free Report ) 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. Read More Receive News & Ratings for Citi Trends Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citi Trends and related companies with MarketBeat.com's FREE daily email newsletter .
.
