Citi Trends, Inc. (NASDAQ:CTRN) CEO Kenneth Duane Seipel Acquires 135,128 Shares

Citi Trends, Inc. (NASDAQ:CTRN) CEO Kenneth Duane Seipel bought 135,128 shares of Citi Trends stock in a transaction on Friday, July 12th. The stock was purchased at an average price of $19.06 per share, with a total value of $2,575,539.68. Following the completion of the acquisition, the chief executive officer now directly owns 319,562 shares of the company’s stock, valued at approximately $6,090,851.72. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kenneth Duane Seipel also recently made the following trade(s):

• On Wednesday, July 10th, Kenneth Duane Seipel bought 86,998 shares of Citi Trends stock. The stock was purchased at an average price of $18.96 per share, with a total value of $1,649,482.08.

Citi Trends Stock Down 3.1 %

Shares of CTRN stock traded down $0.60 during trading hours on Friday, hitting $18.65. 227,646 shares of the company’s stock were exchanged, compared to its average volume of 111,760. The firm has a market cap of $160.39 million, a P/E ratio of -17.27 and a beta of 2.39. The firm has a 50 day moving average of $22.04 and a two-hundred day moving average of $25.44. Citi Trends, Inc. has a fifty-two week low of $17.46 and a fifty-two week high of $32.90.

Citi Trends (NASDAQ:CTRN) last issued its earnings results on Tuesday, June 4th. The company reported ($0.32) earnings per share (EPS) for the quarter. The company had revenue of $186.29 million during the quarter. Citi Trends had a negative return on equity of 4.99% and a negative net margin of 1.16%.

Analyst Ratings Changes

A number of brokerages have commented on CTRN. Craig Hallum reduced their target price on shares of Citi Trends from $27.00 to $25.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. Benchmark restated a “buy” rating and set a $35.00 price target on shares of Citi Trends in a research note on Wednesday, June 5th.

Institutional Investors Weigh In On Citi Trends

A number of hedge funds have recently bought and sold shares of CTRN. Citigroup Inc. raised its position in Citi Trends by 60,229.1% in the 3rd quarter. Citigroup Inc. now owns 33,181 shares of the company’s stock valued at $737,000 after purchasing an additional 33,126 shares in the last quarter. Jennison Associates LLC lifted its stake in Citi Trends by 10.6% during the fourth quarter. Jennison Associates LLC now owns 416,029 shares of the company’s stock worth $11,765,000 after purchasing an additional 39,751 shares during the last quarter. Anchor Capital Advisors LLC lifted its stake in Citi Trends by 44.8% during the fourth quarter. Anchor Capital Advisors LLC now owns 46,626 shares of the company’s stock worth $1,319,000 after purchasing an additional 14,421 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Citi Trends by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 197,815 shares of the company’s stock worth $5,594,000 after purchasing an additional 4,779 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in Citi Trends during the fourth quarter worth approximately $223,000.

Citi Trends Company Profile

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. It 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.