Shares of Citi Trends, Inc. (NASDAQ:CTRN) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Zacks has also given Citi Trends an industry rank of 62 out of 255 based on the ratings given to its competitors.
A number of research analysts have recently commented on CTRN shares. BidaskClub downgraded shares of Citi Trends from a “buy” rating to a “hold” rating in a research report on Saturday, September 15th. ValuEngine downgraded shares of Citi Trends from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th.
Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings data on Thursday, August 23rd. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.17. Citi Trends had a net margin of 2.61% and a return on equity of 10.59%. The company had revenue of $182.00 million during the quarter, compared to the consensus estimate of $178.50 million. During the same quarter last year, the firm posted $0.03 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts expect that Citi Trends will post 1.7 earnings per share for the current year.
In other news, Director Jonathan Duskin sold 10,800 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $32.53, for a total transaction of $351,324.00. Following the completion of the sale, the director now owns 5,009 shares in the company, valued at approximately $162,942.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ivy D. Council sold 3,723 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $33.02, for a total transaction of $122,933.46. Following the sale, the senior vice president now owns 77,261 shares of the company’s stock, valued at approximately $2,551,158.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,257 shares of company stock valued at $660,268. 8.41% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Citi Trends by 2.3% during the 1st quarter. BlackRock Inc. now owns 1,412,244 shares of the company’s stock worth $43,653,000 after buying an additional 32,270 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Citi Trends by 41.3% during the 2nd quarter. Northern Trust Corp now owns 270,449 shares of the company’s stock worth $7,421,000 after buying an additional 79,112 shares during the last quarter. Northpointe Capital LLC lifted its stake in shares of Citi Trends by 35.4% during the 3rd quarter. Northpointe Capital LLC now owns 220,166 shares of the company’s stock worth $6,334,000 after buying an additional 57,532 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Citi Trends by 28.7% during the 2nd quarter. Renaissance Technologies LLC now owns 200,075 shares of the company’s stock worth $5,490,000 after buying an additional 44,650 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Citi Trends by 38.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 176,019 shares of the company’s stock worth $4,830,000 after buying an additional 48,949 shares during the last quarter. Institutional investors own 93.62% of the company’s stock.
Citi Trends Company Profile
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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