Shares of Citi Trends Inc. (NASDAQ:CTRN) have earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Analysts have set a 1-year consensus price objective of $17.50 for the company and are expecting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Citi Trends an industry rank of 157 out of 265 based on the ratings given to its competitors.
A number of research analysts have commented on CTRN shares. TheStreet upgraded Citi Trends from a “hold” rating to a “buy” rating in a research note on Monday, September 19th. Zacks Investment Research upgraded Citi Trends from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Finally, MKM Partners restated a “neutral” rating and issued a $16.00 target price on shares of Citi Trends in a research note on Wednesday, August 17th.
Shares of Citi Trends (NASDAQ:CTRN) opened at 19.61 on Tuesday. The stock has a 50 day moving average price of $19.68 and a 200-day moving average price of $17.63. Citi Trends has a one year low of $14.01 and a one year high of $27.75. The company has a market capitalization of $287.78 million, a P/E ratio of 22.75 and a beta of 0.34.
Citi Trends (NASDAQ:CTRN) last issued its earnings results on Wednesday, August 17th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. Citi Trends had a return on equity of 5.64% and a net margin of 1.86%. The firm had revenue of $155.30 million for the quarter. During the same quarter last year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts predict that Citi Trends will post $1.00 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Tuesday, August 30th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, August 26th. This represents a $0.24 annualized dividend and a dividend yield of 1.22%. Citi Trends’s dividend payout ratio (DPR) is presently 27.59%.
Several hedge funds have recently added to or reduced their stakes in CTRN. State Board of Administration of Florida Retirement System increased its stake in Citi Trends by 9.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 16,865 shares of the company’s stock valued at $262,000 after buying an additional 1,409 shares during the period. California Public Employees Retirement System increased its stake in Citi Trends by 5.4% in the second quarter. California Public Employees Retirement System now owns 122,969 shares of the company’s stock valued at $1,910,000 after buying an additional 6,300 shares during the period. Emerald Acquisition Ltd. bought a new stake in Citi Trends during the second quarter valued at about $2,711,000. Wedge Capital Management L L P NC increased its stake in Citi Trends by 22.4% in the second quarter. Wedge Capital Management L L P NC now owns 63,300 shares of the company’s stock valued at $983,000 after buying an additional 11,600 shares during the period. Finally, Northpointe Capital LLC increased its stake in Citi Trends by 7.9% in the second quarter. Northpointe Capital LLC now owns 175,070 shares of the company’s stock valued at $2,719,000 after buying an additional 12,875 shares during the period. Institutional investors own 94.69% of the company’s stock.
Citi Trends Company Profile
Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.
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