Citi Trends (CTRN) Updates FY20 Earnings Guidance

Citi Trends (NASDAQ:CTRN) updated its FY20 earnings guidance on Friday. The company provided earnings per share guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.85. Citi Trends also updated its FY 2019 guidance to $1.85-1.95 EPS.

Several research firms recently issued reports on CTRN. ValuEngine lowered Citi Trends from a buy rating to a hold rating in a research report on Thursday, November 15th. BidaskClub lowered Citi Trends from a hold rating to a sell rating in a research report on Friday, November 23rd. Finally, Sidoti started coverage on Citi Trends in a research report on Friday, February 22nd. They issued a buy rating and a $28.00 price objective on the stock.

Shares of CTRN stock opened at $20.47 on Friday. The company has a market capitalization of $265.01 million, a PE ratio of 16.25 and a beta of 0.47. Citi Trends has a fifty-two week low of $17.78 and a fifty-two week high of $34.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th will be given a $0.08 dividend. The ex-dividend date is Monday, March 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.56%. Citi Trends’s dividend payout ratio is currently 25.40%.

In other news, Director Jonathan Duskin sold 15,000 shares of Citi Trends stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $19.63, for a total value of $294,450.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 8.41% of the stock is currently owned by company insiders.

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About Citi Trends

Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.

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