Citi Trends Rating Reiterated by SunTrust (CTRN)
Citi Trends (NASDAQ:CTRN)‘s stock had its “hold” rating reaffirmed by research analysts at SunTrust in a report released on Friday, Stock Ratings Network.com reports. They currently have a $17.00 price target on the stock. SunTrust’s price target suggests a potential downside of 4.17% from the stock’s previous close.
Shares of Citi Trends (NASDAQ:CTRN) traded down 1.17% during mid-day trading on Friday, hitting $17.74. 144,959 shares of the company’s stock traded hands. Citi Trends has a 52 week low of $9.73 and a 52 week high of $18.03. The stock has a 50-day moving average of $15.95 and a 200-day moving average of $13.39. The company’s market cap is $262.6 million.
Citi Trends (NASDAQ:CTRN) last announced its earnings results on Wednesday, August 21st. The company reported ($0.37) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.42) by $0.05. The company had revenue of $137.80 million for the quarter, compared to the consensus estimate of $138.15 million. During the same quarter last year, the company posted ($0.54) earnings per share. Citi Trends’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that Citi Trends will post $0.02 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at MKM Partners raised their price target on shares of Citi Trends (NASDAQ:CTRN) from $19.00 to $21.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Citi Trends (NASDAQ:CTRN) from $17.00 to $20.00 in a research note to investors on Friday, August 23rd.
One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.00.
Citi Trends, Inc is a retailer of urban fashion apparel and accessories for the entire family. The Company offers branded apparel from national brands, as well as private label apparel, accessories and a limited assortment of home decor items.
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