Miller Value Partners LLC Buys Shares of 54,200 Citi Trends, Inc. $CTRN

Miller Value Partners LLC bought a new stake in shares of Citi Trends, Inc. (NASDAQ:CTRN) in the 2nd quarter, Holdings Channel reports. The firm bought 54,200 shares of the company’s stock, valued at approximately $3,135,000.

Other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc purchased a new stake in shares of Citi Trends in the 2nd quarter worth approximately $30,000. Allworth Financial LP purchased a new position in Citi Trends during the second quarter valued at $31,000. BNP Paribas Financial Markets raised its stake in Citi Trends by 143.3% during the third quarter. BNP Paribas Financial Markets now owns 1,051 shares of the company’s stock valued at $33,000 after buying an additional 619 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Citi Trends by 175.0% in the fourth quarter. New York State Common Retirement Fund now owns 1,100 shares of the company’s stock worth $46,000 after acquiring an additional 700 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Citi Trends in the fourth quarter worth $51,000.

Citi Trends Trading Down 6.2%

Citi Trends stock opened at $69.71 on Wednesday. Citi Trends, Inc. has a 12 month low of $29.60 and a 12 month high of $77.91. The stock has a fifty day simple moving average of $65.01 and a two-hundred day simple moving average of $52.61. The firm has a market cap of $580.68 million, a price-to-earnings ratio of 50.15 and a beta of 1.82.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Tuesday, August 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.37. Citi Trends had a return on equity of 2.09% and a net margin of 1.42%.The firm had revenue of $211.63 million for the quarter, compared to the consensus estimate of $211.60 million.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CTRN. Weiss Ratings upgraded Citi Trends from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 29th. Wall Street Zen upgraded shares of Citi Trends from a “hold” rating to a “buy” rating in a research note on Monday, June 29th. Finally, DA Davidson increased their price objective on shares of Citi Trends from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.00.

More Citi Trends News

Here are the key news stories impacting Citi Trends this week:

• Positive Sentiment: Full-year revenue guidance was raised or reaffirmed above expectations. Citi Trends forecast fiscal 2026 revenue of $902.0 million to $918.4 million, well above the approximately $859.3 million consensus estimate, signaling confidence in sales momentum. Citi Trends updates fiscal 2026 guidance
• Positive Sentiment: Second-quarter results exceeded analyst expectations. Citi Trends reported GAAP EPS of negative $0.11, beating estimates by $0.21, while revenue of $211.63 million topped consensus by $3.26 million. The company’s separately reported adjusted EPS was $0.05 versus expectations for a loss of $0.32. Citi Trends second-quarter fiscal 2026 results
• Positive Sentiment: D.A. Davidson maintained a Buy rating and raised its price target to $81. Analyst Michael Baker cited strong sales and margin momentum, reinforcing the bullish case following the earnings release. D.A. Davidson raises Citi Trends price target
• Neutral Sentiment: Management’s earnings call provided additional context on consumer traffic, sales trends and margins. Investors are assessing whether the company can convert its improved operating performance into sustained profitability. Citi Trends Q2 2026 earnings call transcript
• Negative Sentiment: A proposed $100 million shelf registration weighed on sentiment. Although the filing does not necessarily mean an immediate stock offering, investors may fear potential dilution or future capital needs. This financing overhang appears to have outweighed the earnings and guidance beats in the near term. Why Citi Trends stock is falling

About Citi Trends

Citi Trends, Inc (NASDAQ: CTRN) is an off-price retail apparel chain that focuses on value-priced urban fashion apparel and accessories for men, women, and children. Headquartered in Savannah, Georgia, the company offers a broad assortment of merchandise, including denim, sportswear, activewear, and seasonal styles, complemented by footwear, jewelry, cosmetics, and home goods. Through its purchasing model, Citi Trends sources closeouts, overstocks and canceled orders from name-brand vendors, enabling it to offer trending styles at competitive price points.

The company operates more than 500 stores across the Southeastern and Mid-Atlantic regions of the United States, with typical store footprints of approximately 11,000 square feet.