Citi Trends, Inc. (NASDAQ:CTRN) Director Jonathan Duskin Sells 12,000 Shares

Citi Trends, Inc. (NASDAQ:CTRN) Director Jonathan Duskin sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $26.44, for a total value 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 $882,990.24. This represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Citi Trends Stock Performance

CTRN opened at $26.85 on Monday. Citi Trends, Inc. has a one year low of $13.65 and a one year high of $32.90. The company has a market cap of $233.86 million, a price-to-earnings ratio of -8.75 and a beta of 2.36. The business’s fifty day moving average is $21.40 and its two-hundred day moving average is $19.29.

Analyst Upgrades and Downgrades

Several brokerages have commented on CTRN. Craig Hallum boosted their target price on shares of Citi Trends from $14.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. DA Davidson boosted their price objective on shares of Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, StockNews.com cut shares of Citi Trends from a “hold” rating to a “sell” rating in a report on Friday, December 6th.

Institutional Investors Weigh In On Citi Trends

Several institutional investors and hedge funds have recently made changes to their positions in CTRN. Quest Partners LLC purchased a new position in Citi Trends during the 3rd quarter valued at about $40,000. Quantbot Technologies LP grew its position in shares of Citi Trends by 111.3% in the third quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock valued at $148,000 after purchasing an additional 4,250 shares during the last quarter. Deerfield Management Company L.P. Series C purchased a new position in shares of Citi Trends during the 2nd quarter worth approximately $208,000. Rhumbline Advisers raised its position in shares of Citi Trends by 41,964.0% during the 2nd quarter. Rhumbline Advisers now owns 10,516 shares of the company’s stock worth $224,000 after purchasing an additional 10,491 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Citi Trends in the 3rd quarter valued at approximately $193,000.

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.