Citi Trends (NASDAQ:CTRN) issued an update on its first quarter earnings guidance on Friday morning. The company provided EPS guidance of $0.83-0.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.91. Citi Trends also updated its FY 2019 guidance to $1.85-1.95 EPS.
Shares of NASDAQ CTRN opened at $19.00 on Friday. Citi Trends has a 12 month low of $17.78 and a 12 month high of $34.90. The company has a market cap of $245.61 million, a price-to-earnings ratio of 15.08 and a beta of 0.47.
Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings data on Friday, March 15th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. Citi Trends had a net margin of 2.47% and a return on equity of 10.15%. The business had revenue of $201.16 million during the quarter, compared to analysts’ expectations of $215.00 million. During the same period in the previous year, the business posted $0.38 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that Citi Trends will post 1.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, March 4th. Citi Trends’s payout ratio is 25.40%.
Several analysts have commented on CTRN shares. BidaskClub cut shares of Citi Trends from a buy rating to a hold rating in a research note on Thursday, February 14th. Sidoti started coverage on shares of Citi Trends in a research note on Friday, February 22nd. They set a buy rating and a $28.00 price objective for the company.
In other Citi Trends news, Director Jonathan Duskin sold 15,000 shares of Citi Trends stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $19.63, for a total transaction of $294,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.41% of the company’s stock.
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Citi Trends Company Profile
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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