Citi Trends (NASDAQ:CTRN) updated its first quarter 2019 earnings guidance on Friday. The company provided EPS guidance of $0.83-0.87 for the period. Citi Trends also updated its FY 2019 guidance to $1.85-1.95 EPS.
Several research analysts recently issued reports on the company. Sidoti assumed coverage on Citi Trends in a research report on Friday, February 22nd. They set a buy rating and a $28.00 target price for the company. BidaskClub lowered Citi Trends from a hold rating to a sell rating in a research report on Friday, November 23rd.
Shares of Citi Trends stock opened at $19.00 on Friday. Citi Trends has a 1-year low of $17.78 and a 1-year high of $34.90. The stock 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 issued its quarterly earnings results on Friday, March 15th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. Citi Trends had a return on equity of 10.15% and a net margin of 2.47%. The firm had revenue of $201.16 million during the quarter, compared to the consensus estimate of $215.00 million. During the same period last year, the business posted $0.38 EPS. The business’s revenue was down 5.2% compared to the same quarter last year. Sell-side analysts predict that Citi Trends will post 1.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, March 4th. This represents a $0.32 dividend on an annualized basis and a yield of 1.68%. Citi Trends’s payout ratio is currently 25.40%.
In other Citi Trends news, Director Jonathan Duskin sold 15,000 shares of the stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $19.63, for a total transaction of $294,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.41% of the company’s stock.
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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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