Susquehanna International Group LLP Lowers Stock Holdings in Citi Trends, Inc. $CTRN

Susquehanna International Group LLP lowered its stake in Citi Trends, Inc. (NASDAQ:CTRN) by 90.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,069 shares of the company’s stock after selling 50,876 shares during the period. Susquehanna International Group LLP owned approximately 0.06% of Citi Trends worth $293,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Sei Investments Co. increased its stake in Citi Trends by 101.7% in the 1st quarter. Sei Investments Co. now owns 45,536 shares of the company’s stock valued at $1,973,000 after buying an additional 22,964 shares during the period. Lotus Technology Management LP acquired a new stake in shares of Citi Trends in the 2nd quarter worth $1,734,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Citi Trends in the 2nd quarter worth $2,751,000. Sierra Summit Advisors LLC purchased a new stake in shares of Citi Trends in the fourth quarter valued at about $994,000. Finally, Miller Value Partners LLC purchased a new stake in shares of Citi Trends in the second quarter valued at about $3,135,000.

Citi Trends Stock Performance

NASDAQ:CTRN opened at $67.87 on Wednesday. Citi Trends, Inc. has a 1 year low of $29.60 and a 1 year high of $77.91. The stock has a fifty day moving average price of $65.76 and a two-hundred day moving average price of $53.42. The stock has a market capitalization of $565.36 million, a price-to-earnings ratio of 82.77 and a beta of 1.82.

Citi Trends (NASDAQ:CTRN) last issued its earnings results on Tuesday, August 25th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.32) by $0.37. Citi Trends had a net margin of 0.84% and a return on equity of 8.25%. The company had revenue of $211.63 million for the quarter, compared to analyst estimates of $211.60 million.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Citi Trends in a research note on Wednesday, August 26th. Wall Street Zen upgraded shares of Citi Trends from a “hold” rating to a “buy” rating in a research report on Monday, June 29th. Finally, DA Davidson set a $81.00 target price on Citi Trends in a research report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Citi Trends currently has a consensus rating of “Moderate Buy” and an average target price of $81.00.

Citi Trends Company Profile

Citi Trends, Inc (NASDAQ: CTRN) is an off-price retail apparel chain that focuses on value-priced urban fashion apparel and accessories for men, women, and children. Headquartered in Savannah, Georgia, the company offers a broad assortment of merchandise, including denim, sportswear, activewear, and seasonal styles, complemented by footwear, jewelry, cosmetics, and home goods. Through its purchasing model, Citi Trends sources closeouts, overstocks and canceled orders from name-brand vendors, enabling it to offer trending styles at competitive price points.

The company operates more than 500 stores across the Southeastern and Mid-Atlantic regions of the United States, with typical store footprints of approximately 11,000 square feet.