Citi Trends, Inc. (NASDAQ:CTRN) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Zacks has also assigned Citi Trends an industry rank of 97 out of 257 based on the ratings given to its competitors.
Several research firms recently issued reports on CTRN. ValuEngine lowered Citi Trends from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. BidaskClub upgraded Citi Trends from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th.
Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results on Thursday, August 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.17. Citi Trends had a return on equity of 10.59% and a net margin of 2.61%. The business had revenue of $182.00 million for the quarter, compared to analyst estimates of $178.50 million. During the same period last year, the company earned $0.03 EPS. Citi Trends’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, analysts predict 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 Citi Trends stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $32.53, for a total value of $351,324.00. Following the sale, the director now directly owns 5,009 shares in the company, valued at approximately $162,942.77. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Ivy D. Council sold 3,723 shares of Citi Trends stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $33.02, for a total value of $122,933.46. Following the completion of the sale, the senior vice president now owns 77,261 shares in the company, valued at $2,551,158.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,257 shares of company stock worth $660,268. Corporate insiders own 8.41% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. AXA bought a new stake in shares of Citi Trends in the 3rd quarter worth approximately $245,000. Prudential Financial Inc. bought a new stake in shares of Citi Trends in the 3rd quarter worth approximately $1,296,000. JPMorgan Chase & Co. grew its position in shares of Citi Trends by 33.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 115,717 shares of the company’s stock worth $3,329,000 after buying an additional 29,281 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Citi Trends by 120.7% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,440 shares of the company’s stock worth $933,000 after buying an additional 17,740 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Citi Trends by 111.4% in the 3rd quarter. American Century Companies Inc. now owns 32,424 shares of the company’s stock worth $933,000 after buying an additional 17,087 shares during the last quarter. Hedge funds and other institutional investors own 94.70% 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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