Citi Trends (CTRN) Reaches New 12-Month Low at $19.45

Shares of Citi Trends, Inc. (NASDAQ:CTRN) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $19.45 and last traded at $19.92, with a volume of 9865 shares traded. The stock had previously closed at $19.79.

Several analysts have issued reports on CTRN shares. BidaskClub upgraded shares of Citi Trends from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. ValuEngine upgraded shares of Citi Trends from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st.

The stock has a market capitalization of $260.29 million, a PE ratio of 15.67 and a beta of 0.63.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results on Friday, November 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.07). The company had revenue of $175.40 million during the quarter, compared to analyst estimates of $180.90 million. Citi Trends had a return on equity of 9.99% and a net margin of 2.47%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. On average, research analysts expect that Citi Trends, Inc. will post 1.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Tuesday, December 11th will be given a $0.08 dividend. The ex-dividend date is Monday, December 10th. This represents a $0.32 annualized dividend and a yield of 1.62%. Citi Trends’s dividend payout ratio is 25.40%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of Citi Trends by 3.6% during the 3rd quarter. AQR Capital Management LLC now owns 550,471 shares of the company’s stock worth $15,837,000 after acquiring an additional 19,258 shares during the period. Northern Trust Corp lifted its holdings 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 acquiring an additional 79,112 shares during the period. Northpointe Capital LLC lifted its holdings 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 acquiring an additional 57,532 shares during the period. Renaissance Technologies LLC lifted its holdings 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 acquiring an additional 44,650 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Citi Trends by 36.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 178,913 shares of the company’s stock worth $5,147,000 after acquiring an additional 47,988 shares during the period. Institutional investors own 90.29% of the company’s stock.

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Citi Trends Company Profile (NASDAQ:CTRN)

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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