Citi Trends (NASDAQ:CTRN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Citi Trends (NASDAQ:CTRN) from a hold rating to a buy rating in a report published on Sunday morning.

Other analysts also recently issued reports about the company. DA Davidson set a $43.00 target price on Citi Trends and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Citi Trends in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.50.

Citi Trends Price Performance

Shares of CTRN opened at $48.14 on Friday. The company has a market cap of $400.04 million, a PE ratio of -24.07 and a beta of 2.16. The firm has a 50-day moving average of $38.66 and a 200-day moving average of $34.26. Citi Trends has a one year low of $16.82 and a one year high of $49.50.

Citi Trends (NASDAQ:CTRN) last posted its earnings results on Tuesday, December 2nd. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). The business had revenue of $197.09 million for the quarter, compared to analyst estimates of $187.33 million. Citi Trends had a negative return on equity of 22.64% and a negative net margin of 2.05%.

Institutional Trading of Citi Trends

Several institutional investors have recently added to or reduced their stakes in CTRN. Bank of America Corp DE grew its holdings in Citi Trends by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 6,221 shares of the company’s stock worth $208,000 after acquiring an additional 342 shares during the period. Anchor Capital Advisors LLC boosted its position in shares of Citi Trends by 1.4% during the 3rd quarter. Anchor Capital Advisors LLC now owns 28,599 shares of the company’s stock valued at $887,000 after purchasing an additional 384 shares in the last quarter. State of Wyoming grew its stake in Citi Trends by 7.0% during the second quarter. State of Wyoming now owns 7,160 shares of the company’s stock worth $239,000 after purchasing an additional 469 shares during the period. Hsbc Holdings PLC increased its holdings in Citi Trends by 5.0% in the first quarter. Hsbc Holdings PLC now owns 10,328 shares of the company’s stock worth $223,000 after purchasing an additional 488 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Citi Trends by 143.3% in the third quarter. BNP Paribas Financial Markets now owns 1,051 shares of the company’s stock worth $33,000 after purchasing an additional 619 shares in the last quarter.

About Citi Trends

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.