Citi Trends Inc. Reaches New 12-Month High at $18.45 (CTRN)
Citi Trends (NASDAQ:CTRN)’s share price reached a new 52-week high on Monday, Analyst Ratings Network reports. The company traded as high as $18.45 and last traded at $18.36, with a volume of 136,930 shares traded. The stock had previously closed at $17.81.
Separately, analysts at Zacks reiterated an “outperform” rating on shares of Citi Trends in a research note to investors on Wednesday, December 11th. They now have a $18.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Citi Trends presently has an average rating of “Hold” and an average target price of $17.80.
Citi Trends has a 52-week low of $9.73 and a 52-week high of $18.45. The stock has a 50-day moving average of $16. and a 200-day moving average of $15.97. The company’s market cap is $270.4 million.
Citi Trends (NASDAQ:CTRN) last released its earnings data on Tuesday, November 26th. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.18) by $0.07. The company had revenue of $145.40 million for the quarter, compared to the consensus estimate of $150.88 million. During the same quarter in the prior year, the company posted ($0.25) earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts predict that Citi Trends will post $0.01 earnings per share for the current fiscal year.
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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