Pacific Ridge Capital Partners LLC increased its holdings in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 5.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 58,460 shares of the company’s stock after purchasing an additional 3,080 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in Citi Trends were worth $1,682,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of CTRN. United Services Automobile Association bought a new position in Citi Trends during the third quarter worth about $215,000. AXA bought a new position in Citi Trends during the third quarter worth about $245,000. Paloma Partners Management Co bought a new position in Citi Trends during the second quarter worth about $262,000. Trexquant Investment LP bought a new position in Citi Trends during the third quarter worth about $266,000. Finally, Victory Capital Management Inc. bought a new position in Citi Trends during the third quarter worth about $309,000. Institutional investors and hedge funds own 90.29% of the company’s stock.
CTRN has been the subject of a number of research analyst reports. BidaskClub upgraded Citi Trends from a “hold” rating to a “buy” rating in a report on Thursday, August 16th. ValuEngine cut Citi Trends from a “buy” rating to a “hold” rating in a report on Thursday, October 4th.
Shares of NASDAQ:CTRN opened at $19.75 on Friday. Citi Trends, Inc. has a 12-month low of $19.14 and a 12-month high of $34.90. The company has a market cap of $260.29 million, a PE ratio of 13.11 and a beta of 0.63.
Citi Trends (NASDAQ:CTRN) last issued its quarterly earnings data on Friday, November 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.07). Citi Trends had a return on equity of 9.99% and a net margin of 2.47%. The firm had revenue of $175.40 million for the quarter, compared to the consensus estimate of $180.90 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The company’s revenue was down .8% on a year-over-year basis. On average, equities research analysts expect that Citi Trends, Inc. will post 1.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Tuesday, December 11th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, December 10th. Citi Trends’s dividend payout ratio is presently 25.40%.
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Citi Trends Company Profile
Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.
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