Acadian Asset Management LLC Has $2.81 Million Stake in Citi Trends, Inc. (NASDAQ:CTRN)

Acadian Asset Management LLC boosted its position in Citi Trends, Inc. (NASDAQ:CTRN) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,465 shares of the company’s stock after purchasing an additional 2,343 shares during the period. Acadian Asset Management LLC owned about 0.75% of Citi Trends worth $2,805,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC boosted its stake in shares of Citi Trends by 9.1% in the 1st quarter. Millennium Management LLC now owns 169,424 shares of the company’s stock valued at $5,237,000 after purchasing an additional 14,152 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Citi Trends during the 2nd quarter worth approximately $403,000. First Trust Advisors LP boosted its position in Citi Trends by 18.0% during the 2nd quarter. First Trust Advisors LP now owns 15,626 shares of the company’s stock worth $429,000 after buying an additional 2,387 shares during the period. IndexIQ Advisors LLC boosted its position in Citi Trends by 9.0% during the 2nd quarter. IndexIQ Advisors LLC now owns 70,765 shares of the company’s stock worth $1,942,000 after buying an additional 5,867 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of Citi Trends in the 2nd quarter worth approximately $358,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

CTRN stock traded down $0.01 during midday trading on Monday, reaching $20.49. 156,100 shares of the company’s stock traded hands, compared to its average volume of 99,949. The firm has a market capitalization of $265.99 million, a PE ratio of 16.26 and a beta of 0.64. Citi Trends, Inc. has a 52 week low of $19.60 and a 52 week high of $34.90.

Citi Trends (NASDAQ:CTRN) last issued its quarterly earnings results on Friday, November 30th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.07). The company had revenue of $175.40 million during the quarter, compared to analysts’ expectations of $180.90 million. Citi Trends had a return on equity of 9.99% and a net margin of 2.47%. Citi Trends’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. Research analysts anticipate that Citi Trends, Inc. will post 1.69 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Tuesday, December 11th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Monday, December 10th. Citi Trends’s dividend payout ratio (DPR) is currently 25.40%.

CTRN has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Citi Trends from a “hold” rating to a “buy” rating in a research report on Thursday, August 16th. ValuEngine lowered shares of Citi Trends from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th.

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Citi Trends 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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Institutional Ownership by Quarter for Citi Trends (NASDAQ:CTRN)

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