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.
Zacks has also given Citi Trends an industry rank of 35 out of 255 based on the ratings given to related companies.
Separately, BidaskClub upgraded shares of Citi Trends from a “hold” rating to a “buy” rating in a research note on Thursday, August 16th.
Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Thursday, August 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.17. The company had revenue of $182.00 million for the quarter, compared to analysts’ expectations of $178.50 million. Citi Trends had a net margin of 2.61% and a return on equity of 10.59%. Citi Trends’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. research analysts anticipate that Citi Trends will post 1.7 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, August 31st. Citi Trends’s dividend payout ratio is currently 25.40%.
In other news, Director Jonathan Duskin sold 10,800 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $32.53, for a total value of $351,324.00. Following the transaction, the director now owns 5,009 shares in the company, valued at approximately $162,942.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ivy D. Council sold 3,723 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $33.02, for a total transaction of $122,933.46. Following the completion of the transaction, the senior vice president now owns 77,261 shares in the company, valued at approximately $2,551,158.22. The disclosure for this sale can be found here. Insiders have sold a total of 20,257 shares of company stock worth $660,268 in the last 90 days. Company insiders own 8.41% of the company’s stock.
Large investors have recently modified their holdings of the company. Paloma Partners Management Co bought a new position in shares of Citi Trends in the 2nd quarter worth approximately $262,000. Element Capital Management LLC purchased a new stake in Citi Trends in the 1st quarter worth approximately $291,000. Cambria Investment Management L.P. purchased a new stake in Citi Trends in the 1st quarter worth approximately $296,000. Engineers Gate Manager LP purchased a new stake in Citi Trends in the 2nd quarter worth approximately $358,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Citi Trends in the 2nd quarter worth approximately $403,000. Hedge funds and other institutional investors own 94.46% 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, 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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