Citi Trends (CTRN) Downgraded by BidaskClub to “Hold”
BidaskClub downgraded shares of Citi Trends (NASDAQ:CTRN) from a buy rating to a hold rating in a research note published on Thursday.
Separately, TheStreet upgraded shares of Citi Trends from a c+ rating to a b- rating in a research note on Monday, October 16th.
Citi Trends (CTRN) traded up $0.47 during midday trading on Thursday, hitting $24.61. 86,367 shares of the company traded hands, compared to its average volume of 85,300. The company has a market cap of $338.14, a price-to-earnings ratio of 21.59 and a beta of 0.51. Citi Trends has a 1 year low of $15.54 and a 1 year high of $28.12.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP bought a new position in shares of Citi Trends during the 3rd quarter worth approximately $216,000. Goldman Sachs Group Inc. purchased a new stake in Citi Trends during the 2nd quarter worth approximately $242,000. The Manufacturers Life Insurance Company grew its position in Citi Trends by 8.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,014 shares of the company’s stock worth $276,000 after purchasing an additional 959 shares during the last quarter. Thrivent Financial For Lutherans purchased a new stake in Citi Trends during the 2nd quarter worth approximately $400,000. Finally, Wells Fargo & Company MN grew its position in Citi Trends by 129.7% during the 3rd quarter. Wells Fargo & Company MN now owns 22,617 shares of the company’s stock worth $449,000 after purchasing an additional 12,770 shares during the last quarter. Hedge funds and other institutional investors own 86.45% 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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