JPMorgan Chase & Co. increased its position in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 60.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,403 shares of the company’s stock after buying an additional 19,021 shares during the period. JPMorgan Chase & Co. owned 0.34% of Citi Trends worth $857,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of Citi Trends during the fourth quarter worth about $1,673,000. Dimensional Fund Advisors LP boosted its position in shares of Citi Trends by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,245,996 shares of the company’s stock worth $23,474,000 after buying an additional 76,845 shares during the last quarter. FMR LLC boosted its position in shares of Citi Trends by 1.9% in the fourth quarter. FMR LLC now owns 1,580,353 shares of the company’s stock worth $29,774,000 after buying an additional 28,900 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Citi Trends by 85.9% in the fourth quarter. Teachers Advisors LLC now owns 58,093 shares of the company’s stock worth $1,094,000 after buying an additional 26,841 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Citi Trends during the first quarter worth about $398,000. 90.98% of the stock is owned by institutional investors.
Citi Trends, Inc. (NASDAQ CTRN) traded up 1.60% on Friday, hitting $17.77. The company had a trading volume of 210,207 shares. The firm has a 50-day moving average price of $20.91 and a 200-day moving average price of $18.91. The firm has a market capitalization of $255.55 million, a PE ratio of 19.53 and a beta of 0.33. Citi Trends, Inc. has a 12-month low of $15.54 and a 12-month high of $22.73.
Citi Trends (NASDAQ:CTRN) last released its earnings results on Wednesday, August 16th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.05. The company had revenue of $166.20 million for the quarter, compared to analyst estimates of $164.70 million. Citi Trends had a return on equity of 6.78% and a net margin of 1.88%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share. On average, equities research analysts anticipate that Citi Trends, Inc. will post $1.30 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 29th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, August 25th. Citi Trends’s dividend payout ratio (DPR) is currently 35.16%.
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A number of research analysts have issued reports on CTRN shares. BidaskClub cut Citi Trends from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. ValuEngine raised Citi Trends from a “hold” rating to a “buy” rating in a report on Friday, May 19th. Finally, TheStreet raised Citi Trends from a “c+” rating to a “b-” rating in a report on Tuesday, May 9th.
Citi Trends Company 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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