Cambridge Investment Research Advisors Inc. Takes $554,000 Position in Citi Trends, Inc. (NASDAQ:CTRN)

Cambridge Investment Research Advisors Inc. acquired a new position in Citi Trends, Inc. (NASDAQ:CTRN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 27,894 shares of the company’s stock, valued at approximately $554,000. Cambridge Investment Research Advisors Inc. owned about 0.20% of Citi Trends as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. American International Group Inc. grew its holdings in Citi Trends by 7.0% during the 1st quarter. American International Group Inc. now owns 8,858 shares of the company’s stock valued at $151,000 after buying an additional 582 shares in the last quarter. Eagle Global Advisors LLC grew its holdings in Citi Trends by 5.2% during the 2nd quarter. Eagle Global Advisors LLC now owns 19,120 shares of the company’s stock valued at $406,000 after buying an additional 940 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Citi Trends by 8.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,014 shares of the company’s stock worth $276,000 after purchasing an additional 959 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Citi Trends by 5.1% during the second quarter. Parametric Portfolio Associates LLC now owns 31,218 shares of the company’s stock worth $662,000 after purchasing an additional 1,501 shares in the last quarter. Finally, Royce & Associates LP grew its holdings 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. 86.45% of the stock is owned by institutional investors.

Citi Trends, Inc. (NASDAQ:CTRN) traded down $0.61 during trading hours on Tuesday, reaching $26.46. The company had a trading volume of 99,538 shares, compared to its average volume of 110,118. The company has a market cap of $381.28, a P/E ratio of 24.34 and a beta of 0.51. Citi Trends, Inc. has a one year low of $15.54 and a one year high of $27.87.

Citi Trends (NASDAQ:CTRN) last released its earnings results on Tuesday, November 21st. The company reported $0.05 earnings per share for the quarter. Citi Trends had a return on equity of 7.70% and a net margin of 2.04%. The company had revenue of $176.90 million during the quarter, compared to the consensus estimate of $171.30 million. During the same quarter in the previous year, the company posted ($0.06) EPS. Citi Trends’s quarterly revenue was up 10.1% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be given a $0.08 dividend. The ex-dividend date is Monday, November 27th. This represents a $0.32 annualized dividend and a yield of 1.21%. Citi Trends’s payout ratio is currently 31.37%.

Separately, TheStreet raised Citi Trends from a “c+” rating to a “b-” rating in a report on Monday, October 16th.

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About Citi Trends

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.

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

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