Anchor Capital Advisors LLC Sells 3,463 Shares of Citi Trends, Inc. (NASDAQ:CTRN)

Anchor Capital Advisors LLC reduced its position in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,448 shares of the company’s stock after selling 3,463 shares during the period. Anchor Capital Advisors LLC owned about 0.54% of Citi Trends worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in shares of Citi Trends by 5.0% during the fourth quarter. Empowered Funds LLC now owns 25,278 shares of the company’s stock worth $664,000 after purchasing an additional 1,195 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Citi Trends during the third quarter worth about $40,000. R Squared Ltd bought a new stake in shares of Citi Trends during the fourth quarter worth about $85,000. Quantbot Technologies LP lifted its stake in shares of Citi Trends by 111.3% in the third quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock worth $148,000 after acquiring an additional 4,250 shares during the period. Finally, Barclays PLC lifted its stake in shares of Citi Trends by 19.9% in 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.

Citi Trends Stock Performance

Shares of CTRN opened at $24.63 on Friday. Citi Trends, Inc. has a 52-week low of $13.65 and a 52-week high of $32.90. The business’s 50 day moving average price is $26.25 and its two-hundred day moving average price is $21.35. The firm has a market cap of $214.53 million, a PE ratio of -8.02 and a beta of 2.27.

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

Insider Buying and Selling at Citi Trends

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Craig Hallum raised Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Monday, February 10th. StockNews.com raised Citi Trends from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, DA Davidson lifted their price objective on Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th.

Citi Trends Company 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.