Citi Trends, Inc. (NASDAQ:CTRN) SVP James A. Dunn Sells 15,000 Shares

Citi Trends, Inc. (NASDAQ:CTRN) SVP James A. Dunn sold 15,000 shares of the company’s stock in a transaction dated Wednesday, April 7th. The stock was sold at an average price of $87.63, for a total value of $1,314,450.00. Following the completion of the transaction, the senior vice president now owns 35,989 shares of the company’s stock, valued at $3,153,716.07. The transaction was disclosed in a filing with the SEC, which is available at this link.

CTRN stock traded up $3.79 during midday trading on Thursday, hitting $90.74. The company had a trading volume of 5,222 shares, compared to its average volume of 220,727. The stock has a market cap of $920.01 million, a price-to-earnings ratio of 61.67 and a beta of 1.64. Citi Trends, Inc. has a 52 week low of $9.07 and a 52 week high of $98.90. The stock’s 50 day moving average price is $82.42 and its 200 day moving average price is $51.52.

Citi Trends (NASDAQ:CTRN) last issued its earnings results on Monday, March 15th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The company had revenue of $251.92 million for the quarter, compared to the consensus estimate of $251.90 million. Citi Trends had a net margin of 2.07% and a return on equity of 10.32%. Equities research analysts predict that Citi Trends, Inc. will post 1.91 EPS for the current year.

A number of equities analysts have recently issued reports on the company. Craig Hallum upped their price objective on Citi Trends from $93.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, March 23rd. TheStreet upgraded Citi Trends from a “c+” rating to a “b-” rating in a report on Tuesday, March 16th. Finally, Zacks Investment Research upgraded Citi Trends from a “hold” rating to a “strong-buy” rating and set a $104.00 price objective for the company in a report on Tuesday, March 16th.

Institutional investors and hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC boosted its position in Citi Trends by 53.3% during the 3rd quarter. Squarepoint Ops LLC now owns 18,358 shares of the company’s stock valued at $459,000 after buying an additional 6,386 shares during the period. Keybank National Association OH purchased a new stake in Citi Trends during the 4th quarter valued at $313,000. Rhumbline Advisers boosted its position in Citi Trends by 10.4% during the 4th quarter. Rhumbline Advisers now owns 18,922 shares of the company’s stock valued at $940,000 after buying an additional 1,779 shares during the period. Garnet Equity Capital Holdings Inc. purchased a new stake in Citi Trends during the 4th quarter valued at $235,000. Finally, Cubist Systematic Strategies LLC boosted its position in Citi Trends by 100.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 23,729 shares of the company’s stock valued at $593,000 after buying an additional 11,870 shares during the period. 88.82% of the stock is owned by institutional investors and hedge funds.

About Citi Trends

Citi Trends, Inc operates as a value-priced retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear for men and women, as well as children, including newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional bedroom, bathroom, and kitchen products, as well as beauty products and toys.

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