TheStreet upgraded shares of Citi Trends, Inc. (NASDAQ:CTRN) from a c+ rating to a b- rating in a research report sent to investors on Monday morning.

Separately, BidaskClub upgraded Citi Trends from a sell rating to a hold rating in a report on Tuesday, July 25th.

Shares of Citi Trends (CTRN) opened at 20.73 on Monday. Citi Trends has a 52-week low of $15.54 and a 52-week high of $22.73. The stock has a market cap of $298.12 million, a P/E ratio of 22.78 and a beta of 0.42. The firm has a 50-day moving average price of $19.34 and a 200-day moving average price of $19.43.

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

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Several hedge funds have recently bought and sold shares of CTRN. Alliancebernstein L.P. boosted its holdings in shares of Citi Trends by 12.3% during the second quarter. Alliancebernstein L.P. now owns 1,418,449 shares of the company’s stock worth $30,099,000 after purchasing an additional 155,880 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Citi Trends during the second quarter worth $2,103,000. Kennedy Capital Management Inc. boosted its holdings in shares of 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. OxFORD Asset Management LLP boosted its holdings in shares of Citi Trends by 361.9% during the second quarter. OxFORD Asset Management LLP now owns 69,895 shares of the company’s stock worth $1,483,000 after purchasing an additional 54,764 shares during the last quarter. Finally, Numeric Investors LLC boosted its holdings in shares of Citi Trends by 335.1% during the second quarter. Numeric Investors LLC now owns 65,700 shares of the company’s stock worth $1,394,000 after purchasing an additional 50,600 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

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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