Zacks: Citi Trends, Inc. (NASDAQ:CTRN) Given $28.00 Consensus Price Target by Brokerages

Shares of Citi Trends, Inc. (NASDAQ:CTRN) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price objective of $28.00 for the company, according to Zacks. Zacks has also assigned Citi Trends an industry rank of 71 out of 256 based on the ratings given to its competitors.

A number of brokerages recently commented on CTRN. TheStreet downgraded shares of Citi Trends from a “b-” rating to a “c+” rating in a research report on Thursday, May 23rd. ValuEngine downgraded shares of Citi Trends from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd.

Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its position in shares of Citi Trends by 53.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,506 shares of the company’s stock valued at $48,000 after acquiring an additional 876 shares during the period. Legal & General Group Plc lifted its position in shares of Citi Trends by 32.1% during the 4th quarter. Legal & General Group Plc now owns 2,542 shares of the company’s stock valued at $52,000 after acquiring an additional 618 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Citi Trends by 1,635.7% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,725 shares of the company’s stock valued at $54,000 after acquiring an additional 2,568 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Citi Trends by 5,948.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,508 shares of the company’s stock valued at $69,000 after acquiring an additional 3,450 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of Citi Trends by 365.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,452 shares of the company’s stock valued at $111,000 after acquiring an additional 4,281 shares during the period. Institutional investors own 91.56% of the company’s stock.

Shares of CTRN traded up $0.13 during mid-day trading on Friday, hitting $15.00. 79,126 shares of the company’s stock were exchanged, compared to its average volume of 66,215. Citi Trends has a fifty-two week low of $13.41 and a fifty-two week high of $34.90. The stock has a market cap of $179.67 million, a price-to-earnings ratio of 9.15 and a beta of 0.64. The company has a 50 day simple moving average of $15.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.68 and a quick ratio of 0.67.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.13). The firm had revenue of $205.03 million during the quarter. Citi Trends had a net margin of 2.34% and a return on equity of 9.68%. On average, analysts expect that Citi Trends will post 1.4 earnings per share for the current year.

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.

Further Reading: Swap

Get a free copy of the Zacks research report on Citi Trends (CTRN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Citi Trends Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citi Trends and related companies with MarketBeat.com's FREE daily email newsletter.