Craig Hallum Trims Citi Trends (NASDAQ:CTRN) Target Price to $25.00

Citi Trends (NASDAQ:CTRNGet Free Report) had its target price lowered by research analysts at Craig Hallum from $27.00 to $25.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Craig Hallum’s target price would suggest a potential upside of 8.70% from the stock’s current price.

Separately, Benchmark reissued a “buy” rating and set a $35.00 price objective on shares of Citi Trends in a report on Wednesday.

Check Out Our Latest Analysis on CTRN

Citi Trends Stock Performance

NASDAQ CTRN opened at $23.00 on Wednesday. Citi Trends has a twelve month low of $15.75 and a twelve month high of $32.90. The stock has a market cap of $196.42 million, a PE ratio of -21.30 and a beta of 2.38. The firm has a 50-day simple moving average of $23.41 and a 200 day simple moving average of $26.17.

Citi Trends (NASDAQ:CTRNGet Free Report) last issued its earnings results on Tuesday, March 19th. The company reported $0.53 EPS for the quarter. The business had revenue of $215.18 million during the quarter. Citi Trends had a negative return on equity of 4.98% and a negative net margin of 1.16%.

Insider Activity

In other Citi Trends news, major shareholder Fund 1 Investments, Llc acquired 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average cost of $21.47 per share, for a total transaction of $644,100.00. Following the completion of the acquisition, the insider now directly owns 1,981,067 shares of the company’s stock, valued at approximately $42,533,508.49. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 310,291 shares of company stock valued at $7,356,686. 3.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Citi Trends

A number of institutional investors have recently made changes to their positions in CTRN. Empowered Funds LLC grew its holdings in shares of Citi Trends by 8.0% in the 1st quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock valued at $577,000 after buying an additional 1,575 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Citi Trends by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 197,815 shares of the company’s stock valued at $5,594,000 after acquiring an additional 4,779 shares during the period. SG Americas Securities LLC acquired a new position in Citi Trends in the first quarter valued at about $139,000. Jump Financial LLC bought a new stake in shares of Citi Trends in the fourth quarter worth about $223,000. Finally, AWM Investment Company Inc. raised its position in shares of Citi Trends by 3.4% during the third quarter. AWM Investment Company Inc. now owns 265,768 shares of the company’s stock worth $5,905,000 after purchasing an additional 8,660 shares during the period.

Citi Trends Company Profile

(Get Free Report)

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. It 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.

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