OxFORD Asset Management LLP increased its holdings in Citi Trends, Inc. (NASDAQ:CTRN) by 49.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,635 shares of the company’s stock after purchasing an additional 34,740 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.76% of Citi Trends worth $2,080,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of CTRN. Teachers Advisors LLC grew its stake in shares of Citi Trends by 8.5% in the first quarter. Teachers Advisors LLC now owns 63,046 shares of the company’s stock worth $1,072,000 after purchasing an additional 4,953 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Citi Trends by 6.5% in 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 during the last quarter. Geode Capital Management LLC lifted its holdings in Citi Trends by 3.2% in the first quarter. Geode Capital Management LLC now owns 112,138 shares of the company’s stock valued at $1,906,000 after buying an additional 3,473 shares during the period. Credit Suisse AG lifted its holdings in Citi Trends by 54.3% in the first quarter. Credit Suisse AG now owns 16,490 shares of the company’s stock valued at $280,000 after buying an additional 5,803 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Citi Trends by 547.6% in the second quarter. Acadian Asset Management LLC now owns 6,172 shares of the company’s stock valued at $131,000 after buying an additional 5,219 shares during the period. 86.45% of the stock is currently owned by institutional investors.
Separately, TheStreet lowered shares of Citi Trends from a “b” rating to a “c+” rating in a report on Wednesday, September 6th.
Citi Trends (NASDAQ:CTRN) last released its earnings results on Tuesday, November 21st. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $176.90 million for the quarter, compared to analyst estimates of $171.30 million. Citi Trends had a net margin of 2.04% and a return on equity of 7.70%. Citi Trends’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) earnings per share.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, November 27th. This represents a $0.32 annualized dividend and a yield of 1.20%. Citi Trends’s payout ratio is 31.37%.
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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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