Citi Trends, Inc. (NASDAQ:CTRN) Downgraded by BidaskClub to Sell

BidaskClub lowered shares of Citi Trends, Inc. (NASDAQ:CTRN) from a hold rating to a sell rating in a research note released on Saturday morning.

Other equities research analysts have also recently issued research reports about the stock. TheStreet raised shares of Citi Trends from a c+ rating to a b- rating in a research note on Tuesday, May 9th. ValuEngine raised shares of Citi Trends from a hold rating to a buy rating in a research note on Friday, May 19th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $19.00.

Shares of Citi Trends (NASDAQ:CTRN) opened at 21.05 on Friday. The stock has a 50 day moving average of $21.11 and a 200-day moving average of $18.69. Citi Trends has a 52 week low of $15.54 and a 52 week high of $22.73. The company has a market capitalization of $309.83 million, a price-to-earnings ratio of 23.03 and a beta of 0.33.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results on Wednesday, May 17th. The company reported $0.68 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.68. Citi Trends had a net margin of 1.92% and a return on equity of 6.56%. The company had revenue of $200 million during the quarter, compared to analyst estimates of $197.10 million. During the same period last year, the firm posted $0.60 EPS. Citi Trends’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Citi Trends will post $1.30 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Citi Trends, Inc. (NASDAQ:CTRN) Downgraded by BidaskClub to Sell” was first reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/2795231/citi-trends-inc-nasdaqctrn-downgraded-by-bidaskclub-to-sell.html.

A number of hedge funds have recently modified their holdings of CTRN. American International Group Inc. increased its position in shares of Citi Trends by 7.0% in the first quarter. American International Group Inc. now owns 8,858 shares of the company’s stock worth $151,000 after buying an additional 582 shares in the last quarter. Eagle Global Advisors LLC increased its position in shares of Citi Trends by 5.2% in the second quarter. Eagle Global Advisors LLC now owns 19,120 shares of the company’s stock worth $406,000 after buying an additional 940 shares during the period. Strs Ohio increased its position in shares of Citi Trends by 3.1% in the first quarter. Strs Ohio now owns 36,600 shares of the company’s stock worth $622,000 after buying an additional 1,100 shares during the period. Royce & Associates LP increased its position in shares of Citi Trends by 1.0% in the second quarter. Royce & Associates LP now owns 182,773 shares of the company’s stock worth $3,878,000 after buying an additional 1,800 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Citi Trends by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 120,156 shares of the company’s stock worth $2,550,000 after buying an additional 2,194 shares during the period. Institutional investors own 90.92% of the company’s stock.

About Citi Trends

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.

Receive News & Ratings for Citi Trends Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citi Trends Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.