Citi Trends, Inc. (CTRN) Shares Bought by Bank of New York Mellon Corp
Bank of New York Mellon Corp increased its position in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,156 shares of the company’s stock after purchasing an additional 2,194 shares during the quarter. Bank of New York Mellon Corp owned 0.82% of Citi Trends worth $2,550,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in CTRN. Algert Global LLC bought a new position in Citi Trends during the second quarter worth $2,103,000. Kennedy Capital Management Inc. lifted its stake in Citi Trends by 69.0% during the first quarter. Kennedy Capital Management Inc. now owns 169,198 shares of the company’s stock worth $2,876,000 after purchasing an additional 69,089 shares during the last quarter. Aegis Financial Corp lifted its stake in Citi Trends by 113.1% during the first quarter. Aegis Financial Corp now owns 115,686 shares of the company’s stock worth $1,967,000 after purchasing an additional 61,397 shares during the last quarter. Citadel Advisors LLC lifted its stake in Citi Trends by 321.8% during the first quarter. Citadel Advisors LLC now owns 55,005 shares of the company’s stock worth $935,000 after purchasing an additional 41,964 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Citi Trends by 6.5% during the first quarter. Vanguard Group Inc. now owns 601,986 shares of the company’s stock worth $10,234,000 after purchasing an additional 36,687 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.
Citi Trends, Inc. (NASDAQ:CTRN) opened at 19.79 on Friday. The company has a market capitalization of $284.60 million, a PE ratio of 21.75 and a beta of 0.42. Citi Trends, Inc. has a 52 week low of $15.54 and a 52 week high of $22.73. The company’s 50-day moving average price is $19.08 and its 200 day moving average price is $19.32.
Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Wednesday, August 16th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). Citi Trends had a net margin of 1.88% and a return on equity of 6.93%. The company had revenue of $166.20 million during the quarter, compared to analyst estimates of $164.70 million. During the same period in the prior year, the firm earned ($0.01) EPS. Citi Trends’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Citi Trends, Inc. will post $1.22 EPS for the current year.
Several brokerages recently issued reports on CTRN. BidaskClub upgraded Citi Trends from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. TheStreet cut Citi Trends from a “b” rating to a “c+” rating in a research note on Wednesday, September 6th.
Citi Trends Company 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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