Shares of Citi Trends, Inc. (NASDAQ:CTRN) have been assigned 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.
Analysts have set a 1-year consensus target price of $28.00 for the company, according to Zacks. Zacks has also given Citi Trends an industry rank of 85 out of 256 based on the ratings given to related companies.
A number of brokerages have recently weighed in on CTRN. BidaskClub raised shares of Citi Trends from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. ValuEngine cut shares of Citi Trends from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Sidoti began coverage on shares of Citi Trends in a research report on Friday, February 22nd. They set a “buy” rating and a $28.00 price target on the stock. Finally, TheStreet cut shares of Citi Trends from a “b-” rating to a “c+” rating in a research report on Thursday, May 23rd.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in 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 buying an additional 21,027 shares during the last quarter. Foundry Partners LLC increased its stake in Citi Trends by 39.0% in the 1st quarter. Foundry Partners LLC now owns 222,535 shares of the company’s stock valued at $4,297,000 after buying an additional 62,460 shares during the last quarter. LSV Asset Management increased its stake in Citi Trends by 4.0% in the 1st quarter. LSV Asset Management now owns 213,300 shares of the company’s stock valued at $4,118,000 after buying an additional 8,300 shares during the last quarter. Geode Capital Management LLC increased its stake in Citi Trends by 10.0% in the 1st quarter. Geode Capital Management LLC now owns 205,180 shares of the company’s stock valued at $3,961,000 after buying an additional 18,731 shares during the last quarter. Finally, Garnet Equity Capital Holdings Inc. increased its stake in Citi Trends by 67.6% in the 1st quarter. Garnet Equity Capital Holdings Inc. now owns 198,300 shares of the company’s stock valued at $3,829,000 after buying an additional 80,000 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ CTRN traded up $0.23 during midday trading on Wednesday, reaching $14.71. 126,700 shares of the stock were exchanged, compared to its average volume of 84,799. The stock has a market cap of $171.58 million, a price-to-earnings ratio of 8.98 and a beta of 0.64. Citi Trends has a 12 month low of $13.41 and a 12 month high of $34.90.
Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.13). The firm had revenue of $205.03 million for the quarter. Citi Trends had a return on equity of 9.63% and a net margin of 2.34%. As a group, analysts forecast that Citi Trends will post 1.4 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.32 annualized dividend and a yield of 2.18%. Citi Trends’s dividend payout ratio is currently 19.51%.
Citi Trends Company Profile
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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