2 weeks Ago By ABMN Staff
Citi Trends ( NASDAQ:CTRN – Get Free Report ) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday. Other equities analysts have also recently issued research reports about the company.
Benchmark reissued a “buy” rating and issued a $35.00 price target on shares of Citi Trends in a research note on Wednesday, June 5th. DA Davidson dropped their target price on shares of Citi Trends from $33.
00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Craig Hallum reduced their price target on shares of Citi Trends from $25.
00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday. Get Our Latest Analysis on Citi Trends Citi Trends Trading Down 1.
2 % Citi Trends ( NASDAQ:CTRN – Get Free Report ) last released its earnings results on Tuesday, August 27th. The company reported ($1.94) EPS for the quarter, missing the consensus estimate of ($0.
52) by ($1.42). The business had revenue of $176.
55 million for the quarter. Citi Trends had a negative net margin of 1.16% and a negative return on equity of 4.
99%. Insider Buying and Selling In other Citi Trends news, major shareholder Fund 1 Investments, Llc bought 3,000 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were bought at an average price of $19.
34 per share, for a total transaction of $58,020.00. Following the acquisition, the insider now directly owns 2,568,986 shares of the company’s stock, valued at $49,684,189.
24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . In other news, CEO Kenneth Duane Seipel acquired 86,998 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th.
The stock was acquired at an average cost of $18.96 per share, for a total transaction of $1,649,482.08.
Following the completion of the acquisition, the chief executive officer now owns 123,916 shares in the company, valued at $2,349,447.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link .
Also, major shareholder Fund 1 Investments, Llc acquired 3,000 shares of Citi Trends stock in a transaction that occurred on Friday, July 5th. The shares were purchased at an average cost of $19.34 per share, with a total value of $58,020.
00. Following the transaction, the insider now owns 2,568,986 shares of the company’s stock, valued at approximately $49,684,189.24.
The disclosure for this purchase can be found here . In the last ninety days, insiders acquired 510,961 shares of company stock valued at $10,273,948. Corporate insiders own 3.
80% of the company’s stock. Institutional Investors Weigh In On Citi Trends Several institutional investors have recently made changes to their positions in CTRN. Charles Schwab Investment Management Inc.
grew its position in Citi Trends by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 197,815 shares of the company’s stock worth $5,594,000 after acquiring an additional 4,779 shares in the last quarter. Jump Financial LLC acquired a new position in Citi Trends during the fourth quarter worth $223,000. Franklin Resources Inc.
raised its holdings in Citi Trends by 22.1% during the fourth quarter. Franklin Resources Inc.
now owns 50,197 shares of the company’s stock valued at $1,420,000 after buying an additional 9,074 shares in the last quarter. Fund 1 Investments LLC lifted its position in shares of Citi Trends by 55.6% in the fourth quarter.
Fund 1 Investments LLC now owns 1,329,342 shares of the company’s stock worth $37,594,000 after buying an additional 474,736 shares during the last quarter. Finally, Assenagon Asset Management S.A.
boosted its stake in shares of Citi Trends by 89.5% during the 1st quarter. Assenagon Asset Management S.
A. now owns 118,772 shares of the company’s stock worth $3,222,000 after acquiring an additional 56,087 shares in the last quarter. Citi Trends Company Profile ( Get Free Report ) 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. Further Reading 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 .
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