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 business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $26.44, for a total transaction of $317,280.00. Following the completion of the sale, the director now owns 33,396 shares in the company, valued at approximately $882,990.24. The trade was a 26.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Citi Trends Price Performance

NASDAQ:CTRN opened at $26.85 on Friday. The firm has a market capitalization of $233.86 million, a price-to-earnings ratio of -8.75 and a beta of 2.36. The business has a 50 day simple moving average of $21.27 and a 200-day simple moving average of $19.30. Citi Trends, Inc. has a 1 year low of $13.65 and a 1 year high of $32.90.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CTRN shares. DA Davidson boosted their target price on Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of Citi Trends from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Finally, Craig Hallum upped their price target on shares of Citi Trends from $14.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th.

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.