Citi Trends (CTRN) Getting Somewhat Positive Press Coverage, Analysis Finds

News articles about Citi Trends (NASDAQ:CTRN) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Citi Trends earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.0813986904363 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

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Shares of Citi Trends stock opened at $32.00 on Friday. Citi Trends has a one year low of $15.54 and a one year high of $32.30. The firm has a market capitalization of $437.20, a P/E ratio of 25.40 and a beta of 0.22.

Citi Trends (NASDAQ:CTRN) last announced its earnings results on Friday, March 16th. The company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.06. Citi Trends had a return on equity of 8.39% and a net margin of 1.93%. The company had revenue of $212.14 million for the quarter, compared to analysts’ expectations of $211.00 million. During the same period last year, the firm earned $0.38 EPS. Citi Trends’s revenue for the quarter was up 14.4% compared to the same quarter last year. analysts anticipate that Citi Trends will post 1.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th were issued a $0.08 dividend. The ex-dividend date was Monday, March 5th. This represents a $0.32 dividend on an annualized basis and a yield of 1.00%. Citi Trends’s dividend payout ratio is currently 25.40%.

Citi Trends declared that its Board of Directors has approved a share buyback program on Friday, March 16th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

CTRN has been the topic of several research analyst reports. BidaskClub raised Citi Trends from a “hold” rating to a “buy” rating in a report on Saturday, March 24th. MKM Partners raised Citi Trends from a “neutral” rating to a “buy” rating and raised their target price for the stock from $25.00 to $32.00 in a report on Tuesday, March 20th.

In other Citi Trends news, VP Ivy D. Council sold 4,156 shares of the firm’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $30.71, for a total transaction of $127,630.76. Following the sale, the vice president now directly owns 80,984 shares of the company’s stock, valued at $2,487,018.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Christina Short sold 2,752 shares of the firm’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $30.91, for a total value of $85,064.32. Following the sale, the senior vice president now directly owns 50,078 shares in the company, valued at $1,547,910.98. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

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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.

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