Citi Trends
CTRN on Nasdaq. Citi Trends sells clothes, shoes, accessories, and home goods to Black customers. Market value $399m.
Price checks use the past 12 months to July 2026. Quality checks use five annual reports, the latest for the year to January 2026.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $1.58 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 32 of 100. Price score: 35 of 100. Our list needs 70 on quality and 60 on price.
$49.19 a share, 60% above its 1-year low
Over the past year the price has ranged from $30.73 to $77.91.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: $6 million in the past 12 months, $624,000 in the year to January 2026.
| Revenue | |||||
| Revenue | $992m | $795m | $748m | $753m | $820m |
| Operating margin | |||||
| Operating margin | 8.0% | 9.5% | -2.6% | -5.2% | 0.5% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.01bn | 0.01bn |
Health checks
- Free cash flow positive2 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)7 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsSlow, 0.9% a year
- Buying back its own sharesRoughly flat
The quarter to July 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $212 million last quarter, up 11% on a year ago.
- A loss of $931,000, after a profit of $4 million a year ago.
- It keeps 1 cents of each $1 of sales as operating profit, up from 0 cents a year earlier.
- Spare cash over the past 12 months: $6 million. A year earlier it spent $9 million more than it brought in.
- 2% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| October 2024 | $179m |
| January 2025 | $211m |
| April 2025 | $202m |
| July 2025 | $191m |
| October 2025 | $197m |
| January 2026 | $230m |
| April 2026 | $231m |
| July 2026 | $212m |
| Quarter to | Amount |
|---|---|
| October 2024 | -$7m |
| January 2025 | -$14m |
| April 2025 | $871,000 |
| July 2025 | $4m |
| October 2025 | -$7m |
| January 2026 | $7m |
| April 2026 | $8m |
| July 2026 | -$931,000 |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 15 April 2026
- Next quarterly (estimated, 10-Q)
- 9 December 2026
Who owns it
2 long-term investors we follow own it, unchanged from 2 last quarter. 148 funds in all.
- Royce & AssociatesChuck Royce
- Value
- $14m
- Share of fund
- 0.1%
- Miller Value PartnersBill Miller IV
- Value
- $3m
- Share of fund
- 0.7%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Royce & AssociatesChuck Royce | $14m | 0.1% | |
| Miller Value PartnersBill Miller IV | $3m | 0.7% |
Largest holders overall
- Fund 1 Investments$105mCut
- Divisadero Street Capital Management, LP$41mAdded
- BlackRock$29mAdded
- Dimensional Fund Advisors LP$18mCut
- Acadian Asset Management$15mAdded
- Vanguard Capital Management$14mAdded
- Royce & Associates$14m
- AQR Capital Management$14mAdded
- Marshall Wace, LLP$14mAdded
- Qube Research & Technologies$10mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
6 investors own more than 5%.
- Fund 1 Investments, LLCPassive investor21.9%−9.2 ptsSince 24 June 2026
What they said
Item 4 is hereby amended to add the following: The sales of Shares reported herein were undertaken as part of a portfolio rebalancing. The Reporting Person continues to express confidence in the Issuer's leadership and strategic direction, and its long-term value.
Read the filing - Divisadero Street Capital Management, LPPassive investorat least 8.5%+2.8 pts(filed with 4 related holders)Since 30 June 2026
- BlackRock, Inc.Passive investor5.6%+0.6 ptsSince 30 June 2026
- Shay Capital LLCPassive investorat least 5.1%(filed with 1 related holder)Since 11 April 2025
- LONG FOCUS CAPITAL MASTER, LTD.Passive investorat least 4.5%(filed with 2 related holders)Since 31 December 2024
- LONG FOCUS CAPITAL MANAGEMENT, LLCPassive investorat least 2.9%−2.4 pts(filed with 1 related holder)Since 30 September 2025
- Dimensional Fund Advisors LPPassive investorSold down below 5%Since 30 September 2025
- The Vanguard GroupPassive investorSold down below 5%Since 31 December 2024
- AllianceBernstein L.P.Passive investorSold down below 5%Since 31 December 2024
| Holder | Stake | Since | |
|---|---|---|---|
Fund 1 Investments, LLC Passive investor | 21.9%−9.2 pts | 24 June 2026 | What they saidItem 4 is hereby amended to add the following: The sales of Shares reported herein were undertaken as part of a portfolio rebalancing. The Reporting Person continues to express confidence in the Issuer's leadership and strategic direction, and its long-term value. Read the filing |
Divisadero Street Capital Management, LP Passive investor | at least 8.5%+2.8 pts (filed with 4 related holders) | 30 June 2026 | |
BlackRock, Inc. Passive investor | 5.6%+0.6 pts | 30 June 2026 | |
Shay Capital LLC Passive investor | at least 5.1% (filed with 1 related holder) | 11 April 2025 | |
LONG FOCUS CAPITAL MASTER, LTD. Passive investor | at least 4.5% (filed with 2 related holders) | 31 December 2024 | |
LONG FOCUS CAPITAL MANAGEMENT, LLC Passive investor | at least 2.9%−2.4 pts (filed with 1 related holder) | 30 September 2025 | |
Dimensional Fund Advisors LP Passive investor | Sold down below 5% | 30 September 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 31 December 2024 | |
AllianceBernstein L.P. Passive investor | Sold down below 5% | 31 December 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $44,500 of shares on the open market. 3 sold $820,278.
- Powell Lisa A.EVP and Chief Merch OfficerSold
- Date
- 4 September 2026
- Shares
- 10,000
- Price
- $70.10
- Value
- $701,000
- George KatrinaVP of Human ResourcesSold
- Date
- 8 July 2026
- Shares
- 126
- Price
- $56.42
- Value
- $7,109
- JENKINS MARGARET LDirectorSold
- Date
- 6 April 2026
- Shares
- 2,000
- Price
- $45.91
- Value
- $91,820
- Heath David ADirectorBought
- Date
- 25 March 2026
- Shares
- 1,000
- Price
- $44.50
- Value
- $44,500
- George KatrinaVP of Human ResourcesSold
- Date
- 5 December 2025
- Shares
- 450
- Price
- $45.22
- Value
- $20,349
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 4 September 2026 | Powell Lisa A. EVP and Chief Merch Officer | Sold | 10,000 | $70.10 | $701,000 |
| 8 July 2026 | George Katrina VP of Human Resources | Sold | 126 | $56.42 | $7,109 |
| 6 April 2026 | JENKINS MARGARET L Director | Sold | 2,000 | $45.91 | $91,820 |
| 25 March 2026 | Heath David A Director | Bought | 1,000 | $44.50 | $44,500 |
| 5 December 2025 | George Katrina VP of Human Resources | Sold | 450 | $45.22 | $20,349 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 15 Apr 2026, plus the 10-Q filed 9 Sep 2026 and 6 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have barely grown: 0.9% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.