Citi Trends (NASDAQ:CTRN) Receives “Buy” Rating from DA Davidson

Citi Trends (NASDAQ:CTRN)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $68.00 target price on the stock. DA Davidson’s price objective would suggest a potential upside of 47.47% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Weiss Ratings upgraded shares of Citi Trends from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Craig Hallum reiterated a “buy” rating on shares of Citi Trends in a research note on Wednesday, March 18th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Citi Trends Trading Up 4.1%

Shares of NASDAQ:CTRN opened at $46.11 on Wednesday. The firm’s 50 day moving average is $45.07 and its two-hundred day moving average is $44.78. Citi Trends has a 52 week low of $28.25 and a 52 week high of $56.78. The firm has a market capitalization of $385.48 million, a P/E ratio of 78.15 and a beta of 1.88.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.32 by $0.59. Citi Trends had a net margin of 0.64% and a negative return on equity of 4.78%. The company had revenue of $230.86 million for the quarter, compared to analyst estimates of $217.42 million. During the same quarter last year, the business earned $0.11 earnings per share.

Insider Buying and Selling

In related news, Director Margaret L. Jenkins sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $45.91, for a total value of $91,820.00. Following the completion of the transaction, the director owned 14,163 shares of the company’s stock, valued at approximately $650,223.33. This trade represents a 12.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.60% of the company’s stock.

Hedge Funds Weigh In On Citi Trends

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Citi Trends by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 373,685 shares of the company’s stock worth $11,595,000 after purchasing an additional 34,450 shares during the period. AWM Investment Company Inc. boosted its stake in Citi Trends by 3.9% in the 4th quarter. AWM Investment Company Inc. now owns 241,657 shares of the company’s stock worth $10,043,000 after purchasing an additional 9,180 shares during the period. Marshall Wace LLP boosted its stake in Citi Trends by 61.1% in the 4th quarter. Marshall Wace LLP now owns 197,641 shares of the company’s stock worth $8,214,000 after purchasing an additional 74,994 shares during the period. AQR Capital Management LLC boosted its stake in Citi Trends by 239.6% in the 4th quarter. AQR Capital Management LLC now owns 182,133 shares of the company’s stock worth $7,569,000 after purchasing an additional 128,508 shares during the period. Finally, Broad Bay Capital Management LP acquired a new position in Citi Trends in the 4th quarter worth approximately $6,650,000.

Citi Trends News Summary

Here are the key news stories impacting Citi Trends this week:

• Positive Sentiment: Q1 sales rose 14.4% to $230.9 million, with comparable store sales up 13.9%, showing broad-based demand improvement across the chain. CITITRENDS Announces First Quarter Fiscal 2026 Results
• Positive Sentiment: Adjusted EBITDA more than doubled year over year to $13.9 million, and net income reached $7.8 million, indicating better operating leverage and profitability. Citi Trends Inc (CTRN) Q1 2026 Earnings Call Highlights: Strong Sales Growth Amid Fuel Cost …
• Positive Sentiment: The company beat expectations sharply, reporting EPS of $0.91 versus the $0.32 consensus and revenue of $230.86 million versus $217.42 million expected. Citi Trends earnings report and conference call
• Positive Sentiment: Management reaffirmed and increased 2026 adjusted EBITDA guidance, while revenue guidance of $893.8 million to $910.2 million was above the Street view. Correction: CITITRENDS Announces First Quarter Fiscal 2026 Results

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.