Ancora Advisors LLC Takes $1.06 Million Position in Citi Trends, Inc. (NASDAQ:CTRN)

Ancora Advisors LLC bought a new stake in shares of Citi Trends, Inc. (NASDAQ:CTRN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 52,089 shares of the company’s stock, valued at approximately $1,062,000. Ancora Advisors LLC owned 0.40% of Citi Trends as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CTRN. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Citi Trends during the 4th quarter valued at approximately $397,000. Metropolitan Life Insurance Co. NY raised its position in Citi Trends by 365.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,452 shares of the company’s stock valued at $111,000 after purchasing an additional 4,281 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Citi Trends by 28.7% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 21,500 shares of the company’s stock valued at $438,000 after purchasing an additional 4,800 shares during the period. Bank of America Corp DE raised its position in Citi Trends by 12.1% in the fourth quarter. Bank of America Corp DE now owns 40,640 shares of the company’s stock valued at $829,000 after purchasing an additional 4,377 shares during the period. Finally, Geode Capital Management LLC raised its position in Citi Trends by 20.6% in the fourth quarter. Geode Capital Management LLC now owns 186,449 shares of the company’s stock valued at $3,801,000 after purchasing an additional 31,850 shares during the period. Hedge funds and other institutional investors own 88.14% of the company’s stock.

A number of brokerages have issued reports on CTRN. BidaskClub raised Citi Trends from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Sidoti began coverage on Citi Trends in a research report on Friday, February 22nd. They issued a “buy” rating and a $28.00 target price on the stock.

NASDAQ CTRN traded up $0.05 on Monday, reaching $19.35. The stock had a trading volume of 51,108 shares, compared to its average volume of 76,579. The firm has a market cap of $250.27 million, a price-to-earnings ratio of 11.80 and a beta of 0.45. Citi Trends, Inc. has a 12-month low of $17.78 and a 12-month high of $34.90.

Citi Trends (NASDAQ:CTRN) last announced its earnings results on Friday, March 15th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $201.16 million for the quarter, compared to analyst estimates of $215.00 million. Citi Trends had a return on equity of 10.45% and a net margin of 2.78%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 earnings per share. On average, analysts predict that Citi Trends, Inc. will post 1.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Monday, March 4th. Citi Trends’s payout ratio is 19.51%.

In other Citi Trends news, SVP Christina Short sold 2,000 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $19.34, for a total value of $38,680.00. Following the completion of the transaction, the senior vice president now owns 9,324 shares in the company, valued at $180,326.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.41% of the company’s stock.

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

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