OxFORD Asset Management LLP raised its stake in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 361.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,895 shares of the company’s stock after purchasing an additional 54,764 shares during the period. OxFORD Asset Management LLP owned 0.47% of Citi Trends worth $1,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of CTRN. Nationwide Fund Advisors raised its position in Citi Trends by 60.6% during the first quarter. Nationwide Fund Advisors now owns 54,905 shares of the company’s stock valued at $933,000 after purchasing an additional 20,708 shares during the period. Wells Fargo & Company MN raised its position in Citi Trends by 61.6% during the first quarter. Wells Fargo & Company MN now owns 23,211 shares of the company’s stock valued at $394,000 after purchasing an additional 8,848 shares during the period. Bank of New York Mellon Corp raised its position in Citi Trends by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 117,962 shares of the company’s stock valued at $2,005,000 after purchasing an additional 6,175 shares during the period. Oxford Asset Management purchased a new stake in Citi Trends during the first quarter valued at approximately $257,000. Finally, JPMorgan Chase & Co. raised its position in Citi Trends by 60.6% during the first quarter. JPMorgan Chase & Co. now owns 50,403 shares of the company’s stock valued at $857,000 after purchasing an additional 19,021 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.
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Shares of Citi Trends, Inc. (NASDAQ:CTRN) opened at 20.51 on Wednesday. The firm’s 50-day moving average price is $18.94 and its 200-day moving average price is $19.31. The stock has a market capitalization of $294.95 million, a P/E ratio of 22.54 and a beta of 0.42. Citi Trends, Inc. has a 12 month low of $15.54 and a 12 month high of $22.73.
Citi Trends (NASDAQ:CTRN) last issued its earnings results on Wednesday, August 16th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). The company had revenue of $166.20 million for the quarter, compared to analyst estimates of $164.70 million. Citi Trends had a return on equity of 6.93% and a net margin of 1.88%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. On average, equities research analysts forecast that Citi Trends, Inc. will post $1.22 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 29th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, August 25th. Citi Trends’s dividend payout ratio is currently 35.16%.
A number of equities research analysts have issued reports on the company. TheStreet downgraded Citi Trends from a “b” rating to a “c+” rating in a research report on Wednesday, September 6th. BidaskClub downgraded Citi Trends from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.
Citi Trends 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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