Media headlines about Citi Trends (NASDAQ:CTRN) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Citi Trends earned a news impact score of 0.09 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.7175246880711 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Citi Trends traded down $0.01, reaching $28.01, during midday trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 2,137 shares, compared to its average volume of 96,868. The firm has a market capitalization of $384.73 million, a P/E ratio of 22.22 and a beta of 0.16. Citi Trends has a 52-week low of $17.43 and a 52-week high of $32.49.
Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings data on Wednesday, May 23rd. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.07). The firm had revenue of $211.03 million during the quarter, compared to analysts’ expectations of $210.70 million. Citi Trends had a net margin of 2.22% and a return on equity of 9.21%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 EPS. equities research analysts predict that Citi Trends will post 1.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 19th. Shareholders of record on Tuesday, June 5th were issued a $0.08 dividend. The ex-dividend date was Monday, June 4th. This represents a $0.32 dividend on an annualized basis and a yield of 1.14%. Citi Trends’s payout ratio is currently 25.40%.
Citi Trends declared that its Board of Directors has authorized a share repurchase plan on Friday, March 16th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Several equities research analysts have commented on CTRN shares. BidaskClub upgraded Citi Trends from a “sell” rating to a “hold” rating in a research report on Thursday, March 15th. MKM Partners upgraded Citi Trends from a “neutral” rating to a “buy” rating and increased their target price for the company from $25.00 to $32.00 in a research report on Tuesday, March 20th. Finally, ValuEngine upgraded Citi Trends from a “hold” rating to a “buy” rating in a research report on Wednesday, May 16th.
In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of the firm’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $29.94, for a total value of $359,280.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ivy D. Council sold 4,156 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $30.71, for a total value of $127,630.76. Following the completion of the transaction, the vice president now owns 80,984 shares in the company, valued at approximately $2,487,018.64. The disclosure for this sale can be found here. Insiders sold a total of 18,908 shares of company stock worth $571,975 in the last 90 days. 8.41% of the stock is currently owned by insiders.
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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