Citi Trends, Inc. (NASDAQ:CTRN) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price objective of $28.00 for the company, according to Zacks. Zacks has also given Citi Trends an industry rank of 106 out of 256 based on the ratings given to related companies.
Several equities analysts recently issued reports on CTRN shares. TheStreet lowered Citi Trends from a “b-” rating to a “c+” rating in a research note on Thursday, May 23rd. BidaskClub upgraded Citi Trends from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Finally, ValuEngine lowered Citi Trends from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd.
Citi Trends stock opened at $15.25 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.68 and a debt-to-equity ratio of 0.60. The business has a 50-day simple moving average of $14.78. The company has a market capitalization of $183.17 million, a price-to-earnings ratio of 9.30 and a beta of 0.66. Citi Trends has a 52 week low of $13.41 and a 52 week high of $34.90.
Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.13). Citi Trends had a return on equity of 9.68% and a net margin of 2.34%. The business had revenue of $205.03 million during the quarter. On average, analysts predict that Citi Trends will post 1.4 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.32 annualized dividend and a dividend yield of 2.10%. Citi Trends’s dividend payout ratio is currently 19.51%.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Citi Trends by 1.9% in the 4th quarter. BlackRock Inc. now owns 1,146,882 shares of the company’s stock valued at $23,384,000 after purchasing an additional 21,027 shares during the period. Foundry Partners LLC boosted its holdings in shares of Citi Trends by 39.0% in the 1st quarter. Foundry Partners LLC now owns 222,535 shares of the company’s stock worth $4,297,000 after acquiring an additional 62,460 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Citi Trends by 4.0% in the 1st quarter. LSV Asset Management now owns 213,300 shares of the company’s stock worth $4,118,000 after acquiring an additional 8,300 shares in the last quarter. Garnet Equity Capital Holdings Inc. boosted its holdings in shares of Citi Trends by 67.6% in the 1st quarter. Garnet Equity Capital Holdings Inc. now owns 198,300 shares of the company’s stock worth $3,829,000 after acquiring an additional 80,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Citi Trends by 20.6% in the 4th quarter. Geode Capital Management LLC now owns 186,449 shares of the company’s stock worth $3,801,000 after acquiring an additional 31,850 shares in the last quarter. Institutional investors own 92.12% of the company’s stock.
About Citi Trends
Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, such as fashion sportswear for men and women, as well as children, including newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional bedroom, bathroom, and kitchen products, as well as beauty products and toys.
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