Insider Selling: Citi Trends, Inc. (NASDAQ:CTRN) Director Sells $317,280.00 in Stock

Citi Trends, Inc. (NASDAQ:CTRN) Director Jonathan Duskin sold 12,000 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $26.44, for a total transaction of $317,280.00. Following the completion of the sale, the director now directly owns 33,396 shares of the company’s stock, valued at approximately $882,990.24. This trade represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Citi Trends Stock Performance

Shares of CTRN opened at $26.85 on Monday. Citi Trends, Inc. has a fifty-two week low of $13.65 and a fifty-two week high of $32.90. The firm has a 50-day simple moving average of $21.40 and a 200-day simple moving average of $19.29. The company has a market capitalization of $233.86 million, a price-to-earnings ratio of -8.75 and a beta of 2.36.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CTRN shares. StockNews.com downgraded Citi Trends from a “hold” rating to a “sell” rating in a report on Friday, December 6th. DA Davidson lifted their price target on Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Craig Hallum increased their price objective on Citi Trends from $14.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 4th.

Institutional Trading of Citi Trends

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC purchased a new position in shares of Citi Trends in the 3rd quarter valued at approximately $1,723,000. Long Focus Capital Management LLC grew its position in Citi Trends by 24.9% in the 2nd quarter. Long Focus Capital Management LLC now owns 250,673 shares of the company’s stock valued at $5,329,000 after buying an additional 50,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Citi Trends by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 608,553 shares of the company’s stock valued at $12,938,000 after buying an additional 37,107 shares during the period. Renaissance Technologies LLC purchased a new position in Citi Trends during the 2nd quarter worth $584,000. Finally, XTX Topco Ltd acquired a new stake in shares of Citi Trends in the 3rd quarter worth $339,000.

About Citi Trends

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear and footwear for men and ladies, as well as apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.