Barclays PLC Increases Holdings in Citi Trends, Inc. (NASDAQ:CTRN)

Barclays PLC lifted its holdings in Citi Trends, Inc. (NASDAQ:CTRN) by 19.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,953 shares of the company’s stock after acquiring an additional 4,300 shares during the period. Barclays PLC’s holdings in Citi Trends were worth $478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTRN. Empowered Funds LLC raised its position in Citi Trends by 5.3% during the third quarter. Empowered Funds LLC now owns 24,083 shares of the company’s stock valued at $442,000 after purchasing an additional 1,206 shares during the period. Quest Partners LLC bought a new position in shares of Citi Trends during the 3rd quarter valued at approximately $40,000. Quantbot Technologies LP raised its holdings in Citi Trends by 111.3% during the 3rd quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock valued at $148,000 after buying an additional 4,250 shares during the period. Anchor Capital Advisors LLC raised its holdings in Citi Trends by 11.3% during the 2nd quarter. Anchor Capital Advisors LLC now owns 52,247 shares of the company’s stock valued at $1,111,000 after buying an additional 5,307 shares during the period. Finally, Deerfield Management Company L.P. Series C bought a new stake in Citi Trends in the second quarter worth $208,000.

Insider Transactions at Citi Trends

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $26.44, for a total transaction of $317,280.00. Following the transaction, the director now directly owns 33,396 shares in the company, valued at $882,990.24. This trade represents a 26.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.80% of the company’s stock.

Citi Trends Stock Down 1.0 %

CTRN stock opened at $25.98 on Friday. Citi Trends, Inc. has a twelve month low of $13.65 and a twelve month high of $32.90. The firm has a market cap of $226.29 million, a price-to-earnings ratio of -8.46 and a beta of 2.36. The business’s fifty day simple moving average is $21.95 and its two-hundred day simple moving average is $19.45.

Analyst Upgrades and Downgrades

CTRN has been the topic of a number of analyst reports. StockNews.com cut shares of Citi Trends from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. DA Davidson increased their price objective on shares of Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Craig Hallum raised their price objective on shares of Citi Trends from $14.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th.

Citi Trends Company 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.