Northern Trust Corp increased its holdings in Citi Trends, Inc. (NASDAQ:CTRN) by 41.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,449 shares of the company’s stock after buying an additional 79,112 shares during the period. Northern Trust Corp owned 2.08% of Citi Trends worth $7,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. acquired a new position in Citi Trends during the second quarter valued at approximately $421,000. Acadian Asset Management LLC raised its position in Citi Trends by 14.8% during the second quarter. Acadian Asset Management LLC now owns 95,122 shares of the company’s stock valued at $2,610,000 after purchasing an additional 12,228 shares in the last quarter. Alambic Investment Management L.P. raised its position in Citi Trends by 7.7% during the second quarter. Alambic Investment Management L.P. now owns 59,010 shares of the company’s stock valued at $1,619,000 after purchasing an additional 4,239 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Citi Trends by 38.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 176,019 shares of the company’s stock valued at $4,830,000 after purchasing an additional 48,949 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Citi Trends by 7.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 72,941 shares of the company’s stock valued at $2,002,000 after purchasing an additional 5,090 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

CTRN has been the subject of several research analyst reports. BidaskClub upgraded shares of Citi Trends from a “hold” rating to a “buy” rating in a research report on Thursday, August 16th. ValuEngine downgraded shares of Citi Trends from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th.

In other Citi Trends news, Director Jonathan Duskin sold 10,800 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $32.53, for a total transaction of $351,324.00. Following the sale, the director now owns 5,009 shares of the company’s stock, valued at $162,942.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Ivy D. Council sold 3,723 shares of the business’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $33.02, for a total transaction of $122,933.46. Following the sale, the senior vice president now directly owns 77,261 shares in the company, valued at approximately $2,551,158.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,257 shares of company stock worth $660,268. Insiders own 8.41% of the company’s stock.

NASDAQ CTRN opened at $25.37 on Friday. The firm has a market cap of $334.24 million, a price-to-earnings ratio of 15.90 and a beta of 0.72. Citi Trends, Inc. has a fifty-two week low of $20.78 and a fifty-two week high of $34.90.

Citi Trends (NASDAQ:CTRN) last posted its earnings results on Thursday, August 23rd. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.17. The firm had revenue of $182.00 million for the quarter, compared to analysts’ expectations of $178.50 million. Citi Trends had a net margin of 2.61% and a return on equity of 10.59%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 earnings per share. On average, sell-side analysts expect that Citi Trends, Inc. will post 1.7 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Northern Trust Corp Has $7.42 Million Stake in Citi Trends, Inc. (CTRN)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/11/16/northern-trust-corp-has-7-42-million-stake-in-citi-trends-inc-ctrn.html.

Citi Trends Company Profile

Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.

Featured Story: Leveraged Buyout (LBO)

Want to see what other hedge funds are holding CTRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citi Trends, Inc. (NASDAQ:CTRN).

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

Receive News & Ratings for Citi Trends Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citi Trends and related companies with MarketBeat.com's FREE daily email newsletter.