Citi Trends, Inc. (NASDAQ:CTRN) Director Sells $317,280.00 in Stock

Citi Trends, Inc. (NASDAQ:CTRNGet Free Report) Director Jonathan Duskin sold 12,000 shares of the 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 completion of the sale, the director now directly owns 33,396 shares of the company’s stock, valued at $882,990.24. The trade was a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Citi Trends Price Performance

Shares of NASDAQ CTRN opened at $26.85 on Friday. The stock has a fifty day moving average price of $21.40 and a 200 day moving average price of $19.33. Citi Trends, Inc. has a 1-year low of $13.65 and a 1-year high of $32.90. The company has a market cap of $233.86 million, a PE ratio of -8.75 and a beta of 2.36.

Institutional Trading of Citi Trends

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 37,107 shares in the last quarter. Long Focus Capital Management LLC boosted its holdings in Citi Trends by 24.9% in the 2nd quarter. Long Focus Capital Management LLC now owns 250,673 shares of the company’s stock valued at $5,329,000 after purchasing an additional 50,000 shares in the last quarter. Royce & Associates LP increased its position in Citi Trends by 5.4% during the 3rd 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. Exchange Traded Concepts LLC purchased a new position in shares of Citi Trends during the 3rd quarter worth approximately $1,723,000. Finally, Anchor Capital Advisors LLC lifted its holdings in shares of Citi Trends by 11.3% in the 2nd quarter. Anchor Capital Advisors LLC now owns 52,247 shares of the company’s stock valued at $1,111,000 after buying an additional 5,307 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently commented on CTRN. DA Davidson upped their price target on shares of Citi Trends from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. StockNews.com cut shares of Citi Trends from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Finally, Craig Hallum raised their price target on Citi Trends from $14.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th.

View Our Latest Stock Analysis on CTRN

Citi Trends Company Profile

(Get 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.

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Insider Buying and Selling by Quarter for Citi Trends (NASDAQ:CTRN)

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