Citi Trends (NASDAQ:CTRN) Stock Rating Upgraded by Craig Hallum

Citi Trends (NASDAQ:CTRN) was upgraded by investment analysts at Craig Hallum from a “hold” rating to a “buy” rating in a report issued on Monday,Finviz reports. The brokerage presently has a $36.00 price target on the stock. Craig Hallum’s price target would indicate a potential upside of 50.56% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. StockNews.com cut shares of Citi Trends from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. DA Davidson boosted their price target on shares of Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th.

Citi Trends Price Performance

CTRN opened at $23.91 on Monday. The firm has a market capitalization of $208.26 million, a PE ratio of -7.79 and a beta of 2.27. The business’s 50-day moving average is $25.67 and its two-hundred day moving average is $20.50. Citi Trends has a 1 year low of $13.65 and a 1 year high of $32.90.

Citi Trends (NASDAQ:CTRN) last released its quarterly earnings results 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%.

Insider Activity

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of the business’s stock in a transaction 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 transaction, 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 legal filing with the SEC, which is available at the SEC website. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Citi Trends

Large investors have recently bought and sold shares of the business. Empowered Funds LLC increased its position 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 in the last quarter. Quest Partners LLC acquired a new position in Citi Trends during the third quarter worth approximately $40,000. R Squared Ltd purchased a new stake in Citi Trends in the fourth quarter valued at approximately $85,000. Quantbot Technologies LP lifted its stake in Citi Trends by 111.3% in 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 during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Citi Trends by 19.9% in the third quarter. Barclays PLC now owns 25,953 shares of the company’s stock valued at $478,000 after acquiring an additional 4,300 shares during the period.

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.