Citi Trends (CTRN) Releases FY20 Earnings Guidance

Citi Trends (NASDAQ:CTRN) issued an update on its FY20 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus estimate of $1.85. Citi Trends also updated its FY 2019 guidance to $1.85-1.95 EPS.

NASDAQ:CTRN traded down $1.37 during trading hours on Friday, hitting $19.10. 500 shares of the company traded hands, compared to its average volume of 67,908. The stock has a market cap of $265.01 million, a P/E ratio of 15.16 and a beta of 0.47. Citi Trends has a twelve month low of $17.78 and a twelve month high of $34.90.

Citi Trends (NASDAQ:CTRN) last released its earnings results on Friday, March 15th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Citi Trends had a net margin of 2.47% and a return on equity of 10.15%. The firm had revenue of $201.16 million during the quarter, compared to analysts’ expectations of $215.00 million. During the same period in the prior year, the company earned $0.38 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, research analysts forecast that Citi Trends will post 1.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, March 4th. Citi Trends’s dividend payout ratio is 25.40%.

A number of brokerages have recently issued reports on CTRN. Sidoti began coverage on shares of Citi Trends in a research note on Friday, February 22nd. They issued a buy rating and a $28.00 price objective for the company. BidaskClub cut shares of Citi Trends from a hold rating to a sell rating in a research note on Friday, November 23rd. Finally, ValuEngine lowered shares of Citi Trends from a buy rating to a hold rating in a report on Thursday, November 15th.

In other news, Director Jonathan Duskin sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $19.63, for a total value of $294,450.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.41% of the stock is currently owned by corporate insiders.

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About Citi Trends

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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