Citi Trends, Inc. (CTRN) Holdings Trimmed by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its position in Citi Trends, Inc. (NASDAQ:CTRN) by 11.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,822 shares of the company’s stock after selling 17,775 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.96% of Citi Trends worth $2,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its holdings in Citi Trends by 12.3% in the second quarter. Alliancebernstein L.P. now owns 1,418,449 shares of the company’s stock valued at $30,099,000 after buying an additional 155,880 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Citi Trends by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,256,094 shares of the company’s stock valued at $21,354,000 after buying an additional 10,098 shares in the last quarter. Vanguard Group Inc. increased its holdings in Citi Trends by 6.5% in the first quarter. Vanguard Group Inc. now owns 601,986 shares of the company’s stock valued at $10,234,000 after buying an additional 36,687 shares in the last quarter. State Street Corp increased its holdings in Citi Trends by 5.7% in the second quarter. State Street Corp now owns 296,756 shares of the company’s stock valued at $6,296,000 after buying an additional 15,901 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Citi Trends by 4.1% in the second quarter. Northern Trust Corp now owns 202,634 shares of the company’s stock valued at $4,300,000 after buying an additional 7,994 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

A number of research firms have weighed in on CTRN. TheStreet cut shares of Citi Trends from a “b” rating to a “c+” rating in a report on Wednesday, September 6th. BidaskClub raised shares of Citi Trends from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th.

Citi Trends, Inc. (NASDAQ CTRN) opened at 20.73 on Thursday. The firm has a 50-day moving average of $19.34 and a 200-day moving average of $19.43. The stock has a market cap of $298.12 million, a PE ratio of 22.78 and a beta of 0.42. Citi Trends, Inc. has a 12-month low of $15.54 and a 12-month high of $22.73.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings data on Wednesday, August 16th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). Citi Trends had a net margin of 1.88% and a return on equity of 6.93%. The company had revenue of $166.20 million during the quarter, compared to analyst estimates of $164.70 million. During the same quarter last year, the business earned ($0.01) EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts predict that Citi Trends, Inc. will post $1.22 earnings per share for the current fiscal year.

WARNING: “Citi Trends, Inc. (CTRN) Holdings Trimmed by Arrowstreet Capital Limited Partnership” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another website, it was illegally copied and rep

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its holdings in Citi Trends by 12.3% in the second quarter. Alliancebernstein L.P. now owns 1,418,449 shares of the company’s stock valued at $30,099,000 after buying an additional 155,880 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Citi Trends by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,256,094 shares of the company’s stock valued at $21,354,000 after buying an additional 10,098 shares in the last quarter. Vanguard Group Inc. increased its holdings in Citi Trends by 6.5% in the first quarter. Vanguard Group Inc. now owns 601,986 shares of the company’s stock valued at $10,234,000 after buying an additional 36,687 shares in the last quarter. State Street Corp increased its holdings in Citi Trends by 5.7% in the second quarter. State Street Corp now owns 296,756 shares of the company’s stock valued at $6,296,000 after buying an additional 15,901 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Citi Trends by 4.1% in the second quarter. Northern Trust Corp now owns 202,634 shares of the company’s stock valued at $4,300,000 after buying an additional 7,994 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

A number of research firms have weighed in on CTRN. TheStreet cut shares of Citi Trends from a “b” rating to a “c+” rating in a report on Wednesday, September 6th. BidaskClub raised shares of Citi Trends from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th.

Citi Trends, Inc. (NASDAQ CTRN) opened at 20.73 on Thursday. The firm has a 50-day moving average of $19.34 and a 200-day moving average of $19.43. The stock has a market cap of $298.12 million, a PE ratio of 22.78 and a beta of 0.42. Citi Trends, Inc. has a 12-month low of $15.54 and a 12-month high of $22.73.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings data on Wednesday, August 16th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). Citi Trends had a net margin of 1.88% and a return on equity of 6.93%. The company had revenue of $166.20 million during the quarter, compared to analyst estimates of $164.70 million. During the same quarter last year, the business earned ($0.01) EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts predict that Citi Trends, Inc. will post $1.22 earnings per share for the current fiscal year.

WARNING: “Citi Trends, Inc. (CTRN) Holdings Trimmed by Arrowstreet Capital Limited Partnership” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/19/citi-trends-inc-ctrn-holdings-trimmed-by-arrowstreet-capital-limited-partnership.html.

Citi Trends Profile

Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.

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Institutional Ownership by Quarter for Citi Trends (NASDAQ:CTRN)

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