Citi Trends (NASDAQ:CTRN) Stock: Insider Katrina George Sells 500 Shares

Citi Trends, Inc. (NASDAQ:CTRN) VP Katrina George sold 500 shares of the business’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $50.57, for a total transaction of $25,285.00. Following the completion of the transaction, the vice president owned 5,213 shares of the company’s stock, valued at $263,621.41. This represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Citi Trends Stock Performance

CTRN stock opened at $48.58 on Thursday. The firm has a market cap of $405.16 million, a price-to-earnings ratio of 45.08 and a beta of 1.81. The firm has a 50-day simple moving average of $61.92 and a two-hundred day simple moving average of $55.52. Citi Trends, Inc. has a one year low of $34.43 and a one year high of $77.91.

Citi Trends (NASDAQ:CTRN) last issued its quarterly earnings data on Tuesday, August 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.37. The firm had revenue of $211.63 million for the quarter, compared to the consensus estimate of $211.60 million. Citi Trends had a net margin of 0.84% and a return on equity of 8.11%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CTRN. Weiss Ratings raised Citi Trends from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. Wall Street Zen downgraded Citi Trends from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Finally, DA Davidson set a $81.00 price objective on shares of Citi Trends in a report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Citi Trends presently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

Institutional Investors Weigh In On Citi Trends

Several institutional investors and hedge funds have recently made changes to their positions in CTRN. Integrated Wealth Concepts LLC acquired a new position in Citi Trends in the 2nd quarter worth approximately $62,000. Squarepoint Ops LLC raised its holdings in shares of Citi Trends by 72.8% during the second quarter. Squarepoint Ops LLC now owns 10,815 shares of the company’s stock worth $626,000 after purchasing an additional 4,556 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Citi Trends during the second quarter worth $316,000. Hsbc Holdings PLC raised its holdings in shares of Citi Trends by 2.4% during the second quarter. Hsbc Holdings PLC now owns 14,521 shares of the company’s stock worth $828,000 after purchasing an additional 336 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Citi Trends during the second quarter valued at $635,000.

Citi Trends Company Profile

Citi Trends, Inc is a value-oriented retailer specializing in fashionable apparel, accessories, footwear and home goods for primarily African American and Latinx families. The company offers merchandise for women, men and children, including casual clothing, seasonal items, jewelry, beauty products, toys and household goods.

Based in Savannah, Georgia, Citi Trends sells its products through a nationwide network of brick-and-mortar stores and its e-commerce platform. Its stores are generally located in urban and value-focused communities across the United States, with merchandise assortments designed to reflect local customer preferences and trends.

The company traces its roots to 1946, when it was established as Allied Department Stores, and adopted the Citi Trends name in 2001.