Jennison Associates LLC Grows Holdings in Citi Trends, Inc. (NASDAQ:CTRN)
Jennison Associates LLC lifted its place in Citi Traits, Inc. (NASDAQ:CTRN – Get Score) by 5.8{a0ae49ae04129c4068d784f4a35ae39a7b56de88307d03cceed9a41caec42547} during the 3rd quarter, according to the business in its most recent 13F submitting with the Securities and Trade Fee. The institutional investor owned 559,578 shares of the firm’s stock immediately after getting an extra 30,442 shares during the period. Jennison Associates LLC owned about 6.68{a0ae49ae04129c4068d784f4a35ae39a7b56de88307d03cceed9a41caec42547} of Citi Traits worthy of $8,679,000 at the end of the most current reporting period.
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A variety of other institutional traders and hedge funds also not too long ago additional to or diminished their stakes in CTRN. Amalgamated Bank obtained a new place in shares of Citi Tendencies through the 1st quarter valued at about $37,000. Allspring International Investments Holdings LLC improved its posture in Citi Traits by 643.6{a0ae49ae04129c4068d784f4a35ae39a7b56de88307d03cceed9a41caec42547} through the 3rd quarter. Allspring World wide Investments Holdings LLC now owns 3,361 shares of the company’s inventory truly worth $52,000 just after buying an extra 2,909 shares in the final quarter. Point72 Hong Kong Ltd elevated its placement in Citi Tendencies by 430.5{a0ae49ae04129c4068d784f4a35ae39a7b56de88307d03cceed9a41caec42547} in the course of the 1st quarter. Point72 Hong Kong Ltd now owns 2,727 shares of the company’s stock well worth $84,000 right after obtaining an additional 2,213 shares in the last quarter. MetLife Financial investment Management LLC greater its posture in Citi Traits by 45.4{a0ae49ae04129c4068d784f4a35ae39a7b56de88307d03cceed9a41caec42547} all through the 1st quarter. MetLife Expense Management LLC now owns 5,006 shares of the company’s inventory worth $153,000 soon after obtaining an extra 1,564 shares in the previous quarter. Lastly, Quantbot Systems LP obtained a new stake in Citi Trends through the 1st quarter truly worth around $164,000. 94.20{a0ae49ae04129c4068d784f4a35ae39a7b56de88307d03cceed9a41caec42547} of the inventory is at present owned by hedge cash and other institutional buyers.
Analyst Updates and Downgrades
CTRN has been the topic of a number of modern analysis reviews. StockNews.com initiated coverage on shares of Citi Trends in a exploration report on Wednesday, October 12th. They issued a “maintain” score for the business. Gordon Haskett raised shares of Citi Developments from a “minimize” score to a “hold” rating and set a $18.00 rate objective for the firm in a study report on Monday, Oct 17th. A few equities analysis analysts have rated the stock with a hold score and a person has assigned a obtain score to the firm’s stock. Based mostly on data from MarketBeat, the inventory has a consensus rating of “Keep” and a consensus target selling price of $34.75.
Citi Traits Investing Down 1.8 {a0ae49ae04129c4068d784f4a35ae39a7b56de88307d03cceed9a41caec42547}
Citi Trends inventory opened at $30.27 on Thursday. The inventory has a market cap of $252.94 million, a P/E ratio of 4.06 and a beta of 2.18. The inventory has a 50 working day shifting normal of $27.10 and a 200-day moving regular of $24.09. Citi Tendencies, Inc. has a 52 7 days small of $15.48 and a 52 7 days substantial of $61.04.
Citi Tendencies (NASDAQ:CTRN – Get Score) very last announced its quarterly earnings details on Tuesday, November 29th. The firm described $.24 earnings for each share (EPS) for the quarter, topping the consensus estimate of ($.02) by $.26. Citi Traits experienced a return on equity of 9.34{a0ae49ae04129c4068d784f4a35ae39a7b56de88307d03cceed9a41caec42547} and a web margin of 7.51{a0ae49ae04129c4068d784f4a35ae39a7b56de88307d03cceed9a41caec42547}. The business experienced income of $192.32 million for the quarter, in comparison to analysts’ anticipations of $184.60 million. As a team, equities analysts predict that Citi Traits, Inc. will put up 1.2 earnings for each share for the current fiscal 12 months.
Citi Traits Business Profile
Citi Trends, Inc operates as a benefit retailer of style apparel, add-ons, and household goods. It delivers clothing, these types of as style sportswear and footwear for men and women, as very well as apparel for little ones, which includes newborns, infants, toddlers, boys, and women sleepwear, lingerie, and scrubs for girls and young ones uniforms and add-ons.
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