Sentiment Change Report: Citi Trends Inc (NASDAQ:CTRN)

January 22, 2018 - By Nellie Frank

 Sentiment Change Report: Citi Trends Inc (NASDAQ:CTRN)

Sentiment for Citi Trends Inc (NASDAQ:CTRN)

Citi Trends Inc (NASDAQ:CTRN) institutional sentiment increased to 1.61 in 2017 Q3. Its up 0.35, from 1.26 in 2017Q2. The ratio has increased, as 53 investment professionals increased and opened new stock positions, while 33 decreased and sold their stakes in Citi Trends Inc. The investment professionals in our partner’s database now have: 11.70 million shares, down from 12.40 million shares in 2017Q2. Also, the number of investment professionals holding Citi Trends Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 13 Reduced: 20 Increased: 33 New Position: 20.

Citi Trends, Inc. operates as an off-price retailer of urban fashion apparel and accessories. The company has market cap of $339.13 million. The firm offers apparel comprising fashion sportswear for men, women, and children, as well as offerings for newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and decorative home products, functional home products, beauty products, books, toys, and electronic accessories. It has a 23.89 P/E ratio. It also offers its products through the Internet.

The stock increased 0.28% or $0.07 during the last trading session, reaching $24.68. About 83,987 shares traded. Citi Trends, Inc. (NASDAQ:CTRN) has risen 16.80% since January 22, 2017 and is uptrending. It has outperformed by 0.10% the S&P500.

Aegis Financial Corp holds 3.69% of its portfolio in Citi Trends, Inc. for 131,274 shares. Awm Investment Company Inc. owns 430,000 shares or 1.49% of their US portfolio. Moreover, Paradigm Capital Management Inc Ny has 1.43% invested in the company for 832,134 shares. The California-based Kestrel Investment Management Corp has invested 1.41% in the stock. Northpointe Capital Llc, a Michigan-based fund reported 164,490 shares.#img1#

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

Ratings analysis reveals 0 of Citi Trends’s analysts are positive. Out of 2 Wall Street analysts rating Citi Trends, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $20 while the high is $35. The stock’s average target of $26 is 5.35% above today’s ($24.68) share price. CTRN was included in 4 notes of analysts from August 19, 2015. The firm has “Neutral” rating given on Monday, February 8 by M Partners. As per Friday, August 21, the company rating was upgraded by Zacks. On Tuesday, April 5 the stock rating was initiated by Sidoti with “Neutral”.

More notable recent Citi Trends, Inc. (NASDAQ:CTRN) news were published by: Businesswire.com which released: “Citi Trends Announces 2017 Holiday Sales Results” on January 08, 2018, also Businesswire.com with their article: “Citi Trends, Inc. Sends Letter to Stockholders Regarding Upcoming Annual Meeting” published on May 01, 2017, Businesswire.com published: “Citi Trends Declares Dividend” on November 16, 2017. More interesting news about Citi Trends, Inc. (NASDAQ:CTRN) were released by: Seekingalpha.com and their article: “Citi Trends: Bucking The Trend” published on September 19, 2017 as well as Finance.Yahoo.com‘s news article titled: “Citi Trends, Inc. Shares Statement from Former CEO Jason Mazzola” with publication date: April 18, 2017.

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