Alliancebernstein L.P. raised its holdings in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,418,449 shares of the company’s stock after purchasing an additional 155,880 shares during the quarter. Alliancebernstein L.P. owned 9.64% of Citi Trends worth $30,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CTRN. Teachers Advisors LLC lifted its position in Citi Trends by 85.9% during the fourth quarter. Teachers Advisors LLC now owns 58,093 shares of the company’s stock valued at $1,094,000 after purchasing an additional 26,841 shares during the last quarter. Nationwide Fund Advisors lifted its position in Citi Trends by 60.6% during the first quarter. Nationwide Fund Advisors now owns 54,905 shares of the company’s stock valued at $933,000 after purchasing an additional 20,708 shares during the last quarter. Strs Ohio lifted its position in Citi Trends by 3.1% during the first quarter. Strs Ohio now owns 36,600 shares of the company’s stock valued at $622,000 after purchasing an additional 1,100 shares during the last quarter. Wells Fargo & Company MN lifted its position in Citi Trends by 61.6% during the first quarter. Wells Fargo & Company MN now owns 23,211 shares of the company’s stock valued at $394,000 after purchasing an additional 8,848 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Citi Trends by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 117,962 shares of the company’s stock valued at $2,005,000 after purchasing an additional 6,175 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Shares of Citi Trends, Inc. (NASDAQ CTRN) opened at 19.02 on Tuesday. Citi Trends, Inc. has a 12-month low of $15.54 and a 12-month high of $22.73. The stock has a 50 day moving average of $19.15 and a 200 day moving average of $19.10. The company has a market cap of $273.53 million, a price-to-earnings ratio of 20.90 and a beta of 0.42.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Wednesday, August 16th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.05). The firm had revenue of $166.20 million for the quarter, compared to analyst estimates of $164.70 million. Citi Trends had a net margin of 1.88% and a return on equity of 6.93%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.01) EPS. Equities research analysts predict that Citi Trends, Inc. will post $1.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 29th were given a dividend of $0.08 per share. The ex-dividend date was Friday, August 25th. This represents a $0.32 annualized dividend and a dividend yield of 1.68%. Citi Trends’s payout ratio is 35.16%.

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Several research firms have commented on CTRN. BidaskClub upgraded shares of Citi Trends from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. TheStreet lowered shares of Citi Trends from a “b” rating to a “c+” rating in a report on Wednesday, September 6th. Finally, ValuEngine lowered shares of Citi Trends from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

Citi Trends Profile

Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.

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Institutional Ownership by Quarter for Citi Trends (NASDAQ:CTRN)

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