Citi Trends (NASDAQ:CTRN) announced its quarterly earnings results on Tuesday. The company reported ($0.09) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The firm had revenue of $183.05 million during the quarter. Citi Trends had a return on equity of 8.35% and a net margin of 1.96%. Citi Trends updated its FY 2019
Pre-Market guidance to $1.40-1.50 EPS.
Shares of Citi Trends stock opened at $19.95 on Wednesday. The firm has a market cap of $224.15 million, a PE ratio of 12.16 and a beta of 0.54. Citi Trends has a 12-month low of $13.41 and a 12-month high of $23.17. The company has a quick ratio of 0.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.63. The company’s fifty day simple moving average is $18.40 and its two-hundred day simple moving average is $16.62.
In related news, Director Peter R. Sachse bought 9,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $16.84 per share, with a total value of $151,560.00. Following the purchase, the director now owns 13,390 shares of the company’s stock, valued at approximately $225,487.60. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 7.19% of the stock is owned by company insiders.
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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