Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) CEO Kenneth Duane Seipel bought 86,998 shares of Citi Trends stock in a transaction dated Wednesday, July 10th. The stock was purchased at an average cost of $18.96 per share, with a total value of $1,649,482.08. Following the completion of the acquisition, the chief executive officer now directly owns 123,916 shares in the company, valued at approximately $2,349,447.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Kenneth Duane Seipel also recently made the following trade(s):
- On Friday, July 12th, Kenneth Duane Seipel bought 135,128 shares of Citi Trends stock. The stock was purchased at an average cost of $19.06 per share, with a total value of $2,575,539.68.
Citi Trends Price Performance
NASDAQ:CTRN traded down $0.60 during trading hours on Friday, reaching $18.65. 227,646 shares of the company traded hands, compared to its average volume of 111,760. Citi Trends, Inc. has a 1-year low of $17.46 and a 1-year high of $32.90. The stock has a market cap of $160.39 million, a P/E ratio of -17.27 and a beta of 2.39. The firm's 50-day moving average is $22.04 and its 200-day moving average is $25.44.
Citi Trends (NASDAQ:CTRN - Get Free Report) last issued its earnings results on Tuesday, June 4th. The company reported ($0.32) earnings per share for the quarter. The firm had revenue of $186.29 million during the quarter. Citi Trends had a negative return on equity of 4.99% and a negative net margin of 1.16%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on CTRN shares. Craig Hallum reduced their target price on Citi Trends from $27.00 to $25.00 and set a "hold" rating for the company in a report on Wednesday, June 5th. Benchmark reaffirmed a "buy" rating and set a $35.00 price objective on shares of Citi Trends in a research note on Wednesday, June 5th.
View Our Latest Analysis on Citi Trends
Institutional Investors Weigh In On Citi Trends
A number of hedge funds have recently made changes to their positions in CTRN. SG Americas Securities LLC acquired a new position in Citi Trends in the first quarter worth approximately $139,000. Jump Financial LLC purchased a new position in shares of Citi Trends during the 4th quarter valued at $223,000. Empowered Funds LLC grew its holdings in shares of Citi Trends by 8.0% during the 1st 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 in the last quarter. Citigroup Inc. lifted its stake in shares of Citi Trends by 60,229.1% in the 3rd quarter. Citigroup Inc. now owns 33,181 shares of the company's stock valued at $737,000 after purchasing an additional 33,126 shares during the last quarter. Finally, Anchor Capital Advisors LLC lifted its stake in shares of Citi Trends by 44.8% in the 4th quarter. Anchor Capital Advisors LLC now owns 46,626 shares of the company's stock valued at $1,319,000 after purchasing an additional 14,421 shares during the last quarter.
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.
Further Reading
- Five stocks we like better than Citi Trends
- How to Buy Cheap Stocks Step by Step
- Top 3 Beverage Stocks: Summer Earnings Reveal Key Trends
- Financial Services Stocks Investing
- This Financial Stock's Earnings Signal a Buying Opportunity
- What is the Dow Jones Industrial Average (DJIA)?
- Social Platform Stock Hits New Highs: Is More Growth Ahead?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ This ticker outperformed Bitcoin by nearly 20x last time (From DTI) (Ad)
Should you invest $1,000 in Citi Trends right now?
Before you consider Citi Trends, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Citi Trends wasn't on the list.
While Citi Trends currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
10 "Recession Proof" Stocks That Will Thrive in Any Market
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
