Citi Trends, Inc. (NASDAQ:CTRN) has been assigned 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 equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price objective of $28.00 for the company, according to Zacks. Zacks has also assigned Citi Trends an industry rank of 95 out of 256 based on the ratings given to related companies.
CTRN has been the subject of several research reports. TheStreet downgraded shares of ZovioInc . from a “c-” rating to a “d” rating in a research note on Thursday, May 23rd. BidaskClub raised shares of Zai Lab from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Finally, ValuEngine raised shares of Xylem from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd.
Shares of NASDAQ:CTRN traded up $0.56 on Friday, reaching $15.78. 1,502 shares of the company’s stock were exchanged, compared to its average volume of 100,260. The company’s fifty day moving average price is $14.68. Citi Trends has a twelve month low of $13.41 and a twelve month high of $34.90. The firm has a market cap of $184.26 million, a P/E ratio of 9.62 and a beta of 0.66. The company has a quick ratio of 0.67, a current ratio of 1.68 and a debt-to-equity ratio of 0.60.
Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 9.68% and a net margin of 2.34%. Equities analysts predict that Citi Trends will post 1.4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, June 3rd. Citi Trends’s 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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