LSV Asset Management grew its holdings in Citi Trends, Inc. (NASDAQ:CTRN) by 109.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 161,200 shares of the company’s stock after purchasing an additional 84,100 shares during the quarter. LSV Asset Management owned about 1.17% of Citi Trends worth $4,265,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. State Street Corp boosted its stake in Citi Trends by 5.7% in the second quarter. State Street Corp now owns 296,756 shares of the company’s stock worth $6,296,000 after purchasing an additional 15,901 shares in the last quarter. Algert Global LLC boosted its stake in Citi Trends by 136.1% in the third quarter. Algert Global LLC now owns 233,938 shares of the company’s stock worth $4,648,000 after purchasing an additional 134,839 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Citi Trends by 4.1% during the second quarter. Northern Trust Corp now owns 202,634 shares of the company’s stock valued at $4,300,000 after acquiring an additional 7,994 shares during the period. Kestrel Investment Management Corp acquired a new position in shares of Citi Trends during the third quarter valued at $3,983,000. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Citi Trends by 15.4% during the second quarter. TIAA CREF Investment Management LLC now owns 140,148 shares of the company’s stock valued at $2,974,000 after acquiring an additional 18,671 shares during the period. 87.42% of the stock is currently owned by institutional investors.
Citi Trends, Inc. (CTRN) opened at $22.95 on Tuesday. Citi Trends, Inc. has a one year low of $15.54 and a one year high of $28.12. The stock has a market capitalization of $318.08, a price-to-earnings ratio of 20.31 and a beta of 0.44.
Citi Trends (NASDAQ:CTRN) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.05 earnings per share (EPS) for the quarter. Citi Trends had a return on equity of 7.70% and a net margin of 2.04%. The business had revenue of $176.90 million for the quarter, compared to analyst estimates of $171.30 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year.
Several equities analysts have recently issued reports on CTRN shares. TheStreet raised Citi Trends from a “c+” rating to a “b-” rating in a research note on Monday, October 16th. BidaskClub lowered Citi Trends from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th.
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Citi Trends Profile
Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.
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