Citi Trends, Inc. (NASDAQ:CTRN – Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,520,000 shares, a decrease of 6.2% from the September 30th total of 1,620,000 shares. Currently, 19.2% of the company’s shares are short sold. Based on an average daily volume of 152,200 shares, the days-to-cover ratio is currently 10.0 days.
Citi Trends Price Performance
Shares of CTRN traded down $0.44 during trading hours on Thursday, hitting $19.00. The company’s stock had a trading volume of 6,967 shares, compared to its average volume of 124,316. The company has a market cap of $163.31 million, a price-to-earnings ratio of -17.66 and a beta of 2.40. The business has a 50 day simple moving average of $17.53 and a two-hundred day simple moving average of $19.63. Citi Trends has a 52-week low of $13.65 and a 52-week high of $32.90.
Citi Trends (NASDAQ:CTRN – Get Free Report) last posted its earnings results on Tuesday, August 27th. The company reported ($1.94) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($1.42). The business had revenue of $176.55 million during the quarter. Citi Trends had a negative return on equity of 12.62% and a negative net margin of 2.92%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on CTRN
Insider Activity
In related news, CEO Kenneth Duane Seipel bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average cost of $14.39 per share, with a total value of $359,750.00. Following the completion of the purchase, the chief executive officer now directly owns 282,139 shares in the company, valued at $4,059,980.21. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Heather L. Plutino bought 3,573 shares of the stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of $13.99 per share, for a total transaction of $49,986.27. Following the completion of the acquisition, the chief financial officer now directly owns 21,316 shares in the company, valued at approximately $298,210.84. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kenneth Duane Seipel bought 25,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was purchased at an average price of $14.39 per share, with a total value of $359,750.00. Following the acquisition, the chief executive officer now owns 282,139 shares of the company’s stock, valued at $4,059,980.21. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 31,573 shares of company stock valued at $455,336. 3.80% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Citi Trends
Large investors have recently modified their holdings of the business. Empowered Funds LLC boosted its position in shares of Citi Trends by 8.0% in the first quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock valued at $577,000 after acquiring an additional 1,575 shares during the period. SG Americas Securities LLC bought a new position in shares of Citi Trends in the first quarter valued at approximately $139,000. Rhumbline Advisers boosted its position in shares of Citi Trends by 41,964.0% in the second quarter. Rhumbline Advisers now owns 10,516 shares of the company’s stock valued at $224,000 after acquiring an additional 10,491 shares during the period. Anchor Capital Advisors LLC boosted its position in shares of Citi Trends by 11.3% in the second quarter. Anchor Capital Advisors LLC now owns 52,247 shares of the company’s stock valued at $1,111,000 after acquiring an additional 5,307 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Citi Trends by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 608,553 shares of the company’s stock valued at $12,938,000 after acquiring an additional 37,107 shares during the period.
Citi Trends Company 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.
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