Citi Trends, Inc. $CTRN Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its holdings in shares of Citi Trends, Inc. (NASDAQ:CTRN – Free Report) by 57.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,989 shares of the company’s stock after purchasing an additional 12,767 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Citi Trends were worth $1,454,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTRN. Arrowstreet Capital Limited Partnership increased its position in Citi Trends by 17.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 64,248 shares of the company’s stock worth $2,145,000 after purchasing an additional 9,380 shares in the last quarter. Invesco Ltd. grew its position in Citi Trends by 243.3% in the second quarter. Invesco Ltd. now owns 103,965 shares of the company’s stock valued at $3,471,000 after acquiring an additional 73,678 shares in the last quarter. Marshall Wace LLP grew its position in Citi Trends by 269.2% in the second quarter. Marshall Wace LLP now owns 160,084 shares of the company’s stock valued at $5,345,000 after acquiring an additional 116,722 shares in the last quarter. Jump Financial LLC acquired a new stake in Citi Trends in the second quarter valued at approximately $594,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Citi Trends in the second quarter valued at approximately $1,474,000.

Several brokerages have issued reports on CTRN. Weiss Ratings raised shares of Citi Trends from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 29th. DA Davidson reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Citi Trends in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of Citi Trends from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Citi Trends in a research report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Shares of NASDAQ:CTRN opened at $50.64 on Friday. Citi Trends, Inc. has a 52-week low of $28.25 and a 52-week high of $56.78. The company has a 50 day moving average of $45.48 and a two-hundred day moving average of $45.11. The company has a market capitalization of $421.83 million, a price-to-earnings ratio of 36.43 and a beta of 1.88.

Citi Trends (NASDAQ:CTRN – Get Free Report) last released its earnings results on Tuesday, June 2nd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.32 by $0.59. The company had revenue of $230.86 million during the quarter, compared to analysts’ expectations of $217.42 million. Citi Trends had a return on equity of 2.09% and a net margin of 1.42%.During the same period in the prior year, the business posted $0.11 EPS.

In other news, Director Margaret L. Jenkins sold 2,000 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $45.91, for a total transaction of $91,820.00. Following the completion of the transaction, the director directly owned 14,163 shares in the company, valued at approximately $650,223.33. This represents a 12.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 9.60% of the company’s stock.

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.
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