Anchor Capital Advisors LLC Has $1.25 Million Stake in Citi Trends, Inc. (NASDAQ:CTRN)

Anchor Capital Advisors LLC trimmed its position in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,448 shares of the company’s stock after selling 3,463 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Citi Trends were worth $1,246,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of Citi Trends by 157.3% during the fourth quarter. Rhumbline Advisers now owns 31,089 shares of the company’s stock worth $816,000 after purchasing an additional 19,005 shares during the period. Empowered Funds LLC grew its holdings in Citi Trends by 5.0% during the fourth quarter. Empowered Funds LLC now owns 25,278 shares of the company’s stock worth $664,000 after buying an additional 1,195 shares in the last quarter. R Squared Ltd bought a new stake in Citi Trends during the fourth quarter worth $85,000. Exchange Traded Concepts LLC grew its holdings in Citi Trends by 7.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 100,523 shares of the company’s stock worth $2,639,000 after buying an additional 6,702 shares in the last quarter. Finally, Barclays PLC grew its holdings in Citi Trends by 19.9% during the third quarter. Barclays PLC now owns 25,953 shares of the company’s stock worth $478,000 after buying an additional 4,300 shares in the last quarter.

Citi Trends Price Performance

Shares of NASDAQ:CTRN opened at $24.63 on Friday. The company has a market capitalization of $214.53 million, a PE ratio of -8.02 and a beta of 2.27. The business has a fifty day moving average price of $26.25 and a two-hundred day moving average price of $21.35. Citi Trends, Inc. has a 1 year low of $13.65 and a 1 year high of $32.90.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.78) earnings per share (EPS) for the quarter. Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%.

Wall Street Analysts Forecast Growth

CTRN has been the subject of several recent research reports. Craig Hallum upgraded Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Monday, February 10th. DA Davidson upped their price target on Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, StockNews.com upgraded Citi Trends from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th.

Insider Buying and Selling at Citi Trends

In other news, Director Jonathan Duskin sold 12,000 shares of the 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 completion of the transaction, the director now owns 33,396 shares in the company, valued at approximately $882,990.24. This represents a 26.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

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.