Citi Trends, Inc. (CTRN) Shares Bought by State Street Corp

State Street Corp grew its position in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 5.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 296,756 shares of the company’s stock after buying an additional 15,901 shares during the quarter. State Street Corp owned approximately 2.02% of Citi Trends worth $6,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of CTRN. Alliancebernstein L.P. lifted its position in shares of Citi Trends by 12.3% during the second quarter. Alliancebernstein L.P. now owns 1,418,449 shares of the company’s stock worth $30,099,000 after purchasing an additional 155,880 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Citi Trends by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,256,094 shares of the company’s stock worth $21,354,000 after purchasing an additional 10,098 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Citi Trends by 6.5% during the first quarter. Vanguard Group Inc. now owns 601,986 shares of the company’s stock worth $10,234,000 after purchasing an additional 36,687 shares in the last quarter. Northern Trust Corp lifted its position in shares of Citi Trends by 4.1% during the second quarter. Northern Trust Corp now owns 202,634 shares of the company’s stock worth $4,300,000 after purchasing an additional 7,994 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of Citi Trends by 1.0% during the second quarter. Royce & Associates LP now owns 182,773 shares of the company’s stock worth $3,878,000 after purchasing an additional 1,800 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on CTRN. BidaskClub lowered shares of Citi Trends from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. TheStreet lowered shares of Citi Trends from a “b” rating to a “c+” rating in a research report on Wednesday, September 6th.

Citi Trends, Inc. (NASDAQ:CTRN) opened at $25.43 on Friday. Citi Trends, Inc. has a 12-month low of $15.54 and a 12-month high of $26.60. The stock has a market cap of $349.48, a P/E ratio of 22.62 and a beta of 0.42.

Citi Trends (NASDAQ:CTRN) last announced its earnings results on Tuesday, November 21st. The company reported $0.05 earnings per share (EPS) for the quarter. Citi Trends had a net margin of 2.04% and a return on equity of 7.57%. The company had revenue of $176.90 million for the quarter, compared to analyst estimates of $171.30 million. During the same period in the prior year, the business earned ($0.06) earnings per share. Citi Trends’s quarterly revenue was up 10.1% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.26%. Citi Trends’s payout ratio is 31.68%.

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Citi Trends Company Profile

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

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

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