Today’s Market Runner: What’s Ahead for Citi Trends, Inc. After Today’s Big Increase?

Today's Market Runner: What's Ahead for Citi Trends, Inc. After Today's Big Increase?

The stock of Citi Trends, Inc. (NASDAQ:CTRN) is a huge mover today! The stock increased 3.36% or $0.67 during the last trading session, hitting $20.6. About 84,302 shares traded hands or 31.93% up from the average. Citi Trends, Inc. (NASDAQ:CTRN) has risen 7.79% since February 29, 2016 and is uptrending. It has underperformed by 4.43% the S&P500.
The move comes after 9 months positive chart setup for the $312.00M company. It was reported on Oct, 4 by Barchart.com. We have $48.41 PT which if reached, will make NASDAQ:CTRN worth $421.20M more.

Citi Trends, Inc. (NASDAQ:CTRN) Ratings Coverage

Out of 2 analysts covering Citi Trends (NASDAQ:CTRN), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Citi Trends has been the topic of 4 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Zacks upgraded the shares of CTRN in a report on Friday, August 21 to “Hold” rating. The firm has “Neutral” rating by Sidoti given on Tuesday, April 5. The stock of Citi Trends, Inc. (NASDAQ:CTRN) has “Neutral” rating given on Monday, February 8 by M Partners.

According to Zacks Investment Research, “Citi Trends, Inc. is a value-priced retailer of urban fashion apparel and accessories for the entire family. The Company currently operates stores located in the South, Southeast and Mid-Atlantic region.”

Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.11, from 0.98 in 2016Q1. The ratio dropped, as 16 funds sold all Citi Trends, Inc. shares owned while 31 reduced positions. 10 funds bought stakes while 31 increased positions. They now own 13.23 million shares or 5.62% less from 14.01 million shares in 2016Q1.
Bridgeway Cap Mngmt Incorporated has 0.03% invested in the company for 130,050 shares. Arbor Capital Management Ltd Liability Corp, a Minnesota-based fund reported 56,825 shares. Millennium Mgmt Limited Co has 0% invested in the company for 58,911 shares. Systematic Fin Ltd Partnership holds 0.01% or 68,282 shares in its portfolio. Blackrock Ltd Com, a Delaware-based fund reported 7,052 shares. State Bank Of New York Mellon accumulated 0% or 89,650 shares. Dimensional Fund Advsr Lp holds 1.16M shares or 0.01% of its portfolio. Blackrock Gru Limited, a United Kingdom-based fund reported 2,401 shares. Nationwide Fund has 44,930 shares for 0% of their US portfolio. Moreover, Shell Asset Mgmt has 0.02% invested in Citi Trends, Inc. (NASDAQ:CTRN) for 66,115 shares. Manufacturers Life Com The, a Ontario – Canada-based fund reported 11,321 shares. Massachusetts Finance Svcs Ma reported 1.13 million shares or 0.01% of all its holdings. Royal Savings Bank Of Canada holds 0% or 70 shares in its portfolio. Paradigm Cap Mgmt Incorporated Ny last reported 1.31M shares in the company. State Board Of Administration Of Florida Retirement System holds 16,865 shares or 0% of its portfolio.

More recent Citi Trends, Inc. (NASDAQ:CTRN) news were published by: Wsj.com which released: “Citi Trends Taps New CEO As Results Top Views” on March 13, 2015. Also Zacks.com published the news titled: “Citi Trends (CTRN) Looks Good: Do You Hold Positions?” on August 22, 2016. Businesswire.com‘s news article titled: “Citi Trends Announces First Quarter 2016 Results and Declares Quarterly Dividend” with publication date: May 18, 2016 was also an interesting one.

CTRN Company Profile

Citi Trends, Inc., incorporated on March 3, 1999, is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Firm operates approximately 520 stores in both urban and rural markets in over 30 states. The Firm offers products under its brands, such as Citi Steps and Red Ape.

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