Katrina George Sells 750 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) VP Katrina George sold 750 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $33.94, for a total transaction of $25,455.00. Following the completion of the transaction, the vice president now directly owns 6,150 shares of the company’s stock, valued at approximately $208,731. The trade was a 10.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Citi Trends Stock Performance

Shares of NASDAQ CTRN opened at $30.18 on Friday. Citi Trends, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $34.63. The company has a 50 day simple moving average of $24.73 and a two-hundred day simple moving average of $24.57. The company has a market capitalization of $249.83 million, a price-to-earnings ratio of -9.83 and a beta of 1.94.

Citi Trends (NASDAQ:CTRN) last announced its earnings results on Tuesday, June 3rd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.36. Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%. The business had revenue of $201.73 million during the quarter, compared to the consensus estimate of $195.76 million. During the same quarter last year, the firm earned ($0.32) earnings per share.

Analysts Set New Price Targets

A number of research firms recently issued reports on CTRN. Wall Street Zen downgraded shares of Citi Trends from a “buy” rating to a “hold” rating in a research note on Saturday. DA Davidson reissued a “buy” rating and issued a $29.00 price target on shares of Citi Trends in a research note on Wednesday, March 19th.

Hedge Funds Weigh In On Citi Trends

A number of institutional investors and hedge funds have recently made changes to their positions in CTRN. Dynamic Technology Lab Private Ltd bought a new stake in shares of Citi Trends during the first quarter valued at approximately $204,000. AWM Investment Company Inc. increased its position in shares of Citi Trends by 1.6% during the first quarter. AWM Investment Company Inc. now owns 232,477 shares of the company’s stock valued at $5,146,000 after acquiring an additional 3,694 shares in the last quarter. State of Wyoming bought a new stake in shares of Citi Trends during the first quarter valued at approximately $148,000. Hsbc Holdings PLC increased its position in shares of Citi Trends by 5.0% during the first quarter. Hsbc Holdings PLC now owns 10,328 shares of the company’s stock valued at $223,000 after acquiring an additional 488 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Citi Trends by 10.5% during the first quarter. American Century Companies Inc. now owns 14,470 shares of the company’s stock valued at $320,000 after acquiring an additional 1,371 shares in the last quarter.

About Citi Trends

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear and footwear for men and ladies, as well as apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.