Jonathan Duskin Sells 12,000 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) Director Jonathan Duskin sold 12,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $26.44, for a total value of $317,280.00. Following the transaction, the director now directly owns 33,396 shares in the company, valued at approximately $882,990.24. The trade was a 26.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Citi Trends Stock Up 1.4 %

NASDAQ CTRN opened at $26.85 on Friday. Citi Trends, Inc. has a 52 week low of $13.65 and a 52 week high of $32.90. The firm has a 50 day moving average of $21.40 and a two-hundred day moving average of $19.33. The stock has a market capitalization of $233.86 million, a PE ratio of -8.75 and a beta of 2.36.

Analysts Set New Price Targets

Several research analysts have recently commented on CTRN shares. Craig Hallum raised their price objective on shares of Citi Trends from $14.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. DA Davidson boosted their price target on shares of Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, StockNews.com lowered Citi Trends from a “hold” rating to a “sell” rating in a report on Friday, December 6th.

Hedge Funds Weigh In On Citi Trends

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Citi Trends by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 608,553 shares of the company’s stock valued at $12,938,000 after buying an additional 37,107 shares in the last quarter. Long Focus Capital Management LLC grew its position in shares of Citi Trends by 24.9% in the 2nd quarter. Long Focus Capital Management LLC now owns 250,673 shares of the company’s stock valued at $5,329,000 after buying an additional 50,000 shares during the last quarter. Royce & Associates LP raised its stake in Citi Trends by 5.4% during the 3rd quarter. Royce & Associates LP now owns 196,110 shares of the company’s stock worth $3,603,000 after acquiring an additional 10,000 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Citi Trends in the third quarter valued at $1,723,000. Finally, Anchor Capital Advisors LLC boosted its stake in Citi Trends by 11.3% in the second quarter. Anchor Capital Advisors LLC now owns 52,247 shares of the company’s stock valued at $1,111,000 after acquiring an additional 5,307 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.