Citi Trends, Inc. (NASDAQ:CTRN) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its position in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,523 shares of the company’s stock after acquiring an additional 6,702 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Citi Trends were worth $2,639,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Empowered Funds LLC increased its stake in shares of Citi Trends by 5.3% during the third quarter. Empowered Funds LLC now owns 24,083 shares of the company’s stock valued at $442,000 after acquiring an additional 1,206 shares during the period. Quest Partners LLC bought a new stake in shares of Citi Trends in the 3rd quarter worth $40,000. Quantbot Technologies LP boosted its stake in Citi Trends by 111.3% during 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 in the last quarter. Barclays PLC grew its holdings in Citi Trends by 19.9% during the third quarter. Barclays PLC now owns 25,953 shares of the company’s stock worth $478,000 after acquiring an additional 4,300 shares during the period. Finally, Deerfield Management Company L.P. Series C bought a new stake in Citi Trends in the second quarter worth about $208,000.

Analyst Ratings Changes

A number of analysts recently weighed in on CTRN shares. Craig Hallum raised their target price on shares of Citi Trends from $14.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. DA Davidson boosted their price objective on Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, StockNews.com lowered shares of Citi Trends from a “hold” rating to a “sell” rating in a research report on Friday, December 6th.

Insider Activity at Citi Trends

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of Citi Trends stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $26.44, for a total transaction of $317,280.00. Following the sale, the director now owns 33,396 shares in the company, valued at $882,990.24. The trade was a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.80% of the company’s stock.

Citi Trends Trading Up 0.2 %

Citi Trends stock opened at $26.91 on Friday. Citi Trends, Inc. has a 1-year low of $13.65 and a 1-year high of $32.90. The firm’s fifty day simple moving average is $24.37 and its 200-day simple moving average is $20.10. The company has a market capitalization of $234.39 million, a P/E ratio of -8.77 and a beta of 2.27.

Citi Trends (NASDAQ:CTRN) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.78) EPS for the quarter. Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%.

Citi Trends 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.