State Street Corp Cuts Stake in Citi Trends, Inc. (NASDAQ:CTRN)

State Street Corp lessened its holdings in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,472 shares of the company’s stock after selling 11,131 shares during the quarter. State Street Corp’s holdings in Citi Trends were worth $1,791,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Rhumbline Advisers grew its holdings in Citi Trends by 41,964.0% during the 2nd quarter. Rhumbline Advisers now owns 10,516 shares of the company’s stock valued at $224,000 after buying an additional 10,491 shares in the last quarter. Anchor Capital Advisors LLC grew its stake in Citi Trends by 11.3% during 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. Dimensional Fund Advisors LP grew its stake in Citi Trends by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 608,553 shares of the company’s stock valued at $12,938,000 after acquiring an additional 37,107 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Citi Trends in the 2nd quarter valued at $584,000. Finally, Deerfield Management Company L.P. Series C bought a new position in shares of Citi Trends during the 2nd quarter valued at about $208,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com cut Citi Trends from a “hold” rating to a “sell” rating in a report on Friday, December 6th. DA Davidson lifted their price objective on Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Craig Hallum increased their target price on Citi Trends from $14.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th.

Citi Trends Stock Down 1.1 %

Citi Trends stock opened at $26.25 on Thursday. The company has a market cap of $228.64 million, a PE ratio of -8.55 and a beta of 2.36. Citi Trends, Inc. has a twelve month low of $13.65 and a twelve month high of $32.90. The company’s 50-day moving average price is $21.82 and its 200-day moving average price is $19.40.

Insiders Place Their Bets

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of Citi Trends stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $26.44, for a total transaction of $317,280.00. Following the completion of the transaction, the director now directly owns 33,396 shares of the company’s stock, valued at $882,990.24. The trade was a 26.43 % 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. 3.80% of the stock is currently owned by insiders.

Citi Trends Profile

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.