Several other hedge funds and other institutional investors have also recently modified their holdings of CTRN. BlackRock Inc. grew its stake in Citi Trends by 1.9% in the 4th quarter. BlackRock Inc. now owns 1,146,882 shares of the company’s stock valued at $23,384,000 after acquiring an additional 21,027 shares during the period. AQR Capital Management LLC grew its stake in Citi Trends by 3.6% in the 3rd quarter. AQR Capital Management LLC now owns 550,471 shares of the company’s stock valued at $15,837,000 after acquiring an additional 19,258 shares during the period. Northern Trust Corp grew its stake in Citi Trends by 41.3% in the 2nd quarter. Northern Trust Corp now owns 270,449 shares of the company’s stock valued at $7,421,000 after acquiring an additional 79,112 shares during the period. LSV Asset Management grew its stake in Citi Trends by 20.2% in the 4th quarter. LSV Asset Management now owns 205,000 shares of the company’s stock valued at $4,179,000 after acquiring an additional 34,400 shares during the period. Finally, TIAA CREF Investment Management LLC grew its stake in Citi Trends by 36.7% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 178,913 shares of the company’s stock valued at $5,147,000 after acquiring an additional 47,988 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.
Royce & Associates LP decreased its position in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,773 shares of the company’s stock after selling 2,900 shares during the quarter. Royce & Associates LP owned 0.77% of Citi Trends worth $2,034,000 as of its most recent SEC filing.
Citi Trends stock opened at $21.08 on Thursday. Citi Trends, Inc. has a 1 year low of $17.78 and a 1 year high of $34.90. The firm has a market capitalization of $265.01 million, a P/E ratio of 13.40 and a beta of 0.47.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th will be issued a $0.08 dividend. The ex-dividend date is Monday, March 4th. This represents a $0.32 dividend on an annualized basis and a yield of 1.52%. Citi Trends’s payout ratio is currently 25.40%.
A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of Citi Trends from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Sidoti assumed coverage on shares of Citi Trends in a research note on Friday, February 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Finally, ValuEngine cut shares of Citi Trends from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th.
In other Citi Trends news, Director Jonathan Duskin sold 15,000 shares of the firm’s stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $19.63, for a total value of $294,450.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.41% of the company’s stock.
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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