Citi Trends, Inc. (NASDAQ:CTRN) Receives Consensus Recommendation of “Strong Buy” from Analysts

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.



Hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd purchased a new stake in shares of Citi Trends in the 2nd quarter valued at $213,000. Marshall Wace LLP purchased a new stake in shares of Citi Trends in the 1st quarter valued at $920,000. Martingale Asset Management L P boosted its stake in shares of Citi Trends by 163.1% in the 1st quarter. Martingale Asset Management L P now owns 76,306 shares of the company’s stock valued at $1,474,000 after purchasing an additional 47,300 shares in the last quarter. LSV Asset Management boosted its stake in shares of 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 purchasing an additional 8,300 shares in the last quarter. Finally, Skylands Capital LLC purchased a new stake in shares of Citi Trends in the 1st quarter valued at $213,000. 92.12% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: What is the price-sales ratio?

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.