Long Focus Capital Management LLC Has $7.53 Million Stake in Citi Trends, Inc. $CTRN

Long Focus Capital Management LLC lowered its stake in Citi Trends, Inc. (NASDAQ:CTRN) by 44.8% in the third quarter, Holdings Channel reports. The fund owned 242,668 shares of the company’s stock after selling 197,332 shares during the quarter. Long Focus Capital Management LLC’s holdings in Citi Trends were worth $7,530,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CTRN. Bank of America Corp DE grew its holdings in shares of Citi Trends by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 6,221 shares of the company’s stock valued at $208,000 after purchasing an additional 342 shares during the last quarter. Anchor Capital Advisors LLC lifted its stake in Citi Trends by 1.4% in the 3rd quarter. Anchor Capital Advisors LLC now owns 28,599 shares of the company’s stock valued at $887,000 after purchasing an additional 384 shares during the last quarter. State of Wyoming lifted its stake in Citi Trends by 7.0% in the 2nd quarter. State of Wyoming now owns 7,160 shares of the company’s stock valued at $239,000 after purchasing an additional 469 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Citi Trends by 143.3% in the third quarter. BNP Paribas Financial Markets now owns 1,051 shares of the company’s stock valued at $33,000 after buying an additional 619 shares in the last quarter. Finally, Occudo Quantitative Strategies LP boosted its position in Citi Trends by 28.7% in the third quarter. Occudo Quantitative Strategies LP now owns 10,330 shares of the company’s stock valued at $321,000 after buying an additional 2,302 shares in the last quarter.

Analyst Upgrades and Downgrades

CTRN has been the subject of several research analyst reports. DA Davidson set a $55.00 price target on shares of Citi Trends in a report on Tuesday, January 13th. Wall Street Zen downgraded Citi Trends from a “buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Citi Trends in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Citi Trends presently has a consensus rating of “Hold” and a consensus price target of $55.00.

Citi Trends Price Performance

Shares of NASDAQ CTRN opened at $44.17 on Tuesday. The company has a 50 day simple moving average of $45.78 and a 200 day simple moving average of $40.91. Citi Trends, Inc. has a 1 year low of $16.82 and a 1 year high of $49.83. The firm has a market cap of $368.60 million, a PE ratio of -22.09 and a beta of 2.06.

Citi Trends Profile

Citi Trends, Inc (NASDAQ: CTRN) is an off-price retail apparel chain that focuses on value-priced urban fashion apparel and accessories for men, women, and children. Headquartered in Savannah, Georgia, the company offers a broad assortment of merchandise, including denim, sportswear, activewear, and seasonal styles, complemented by footwear, jewelry, cosmetics, and home goods. Through its purchasing model, Citi Trends sources closeouts, overstocks and canceled orders from name-brand vendors, enabling it to offer trending styles at competitive price points.

The company operates more than 500 stores across the Southeastern and Mid-Atlantic regions of the United States, with typical store footprints of approximately 11,000 square feet.