Citi Trends Sets New 52-Week High at $21.80 (CTRN)
Citi Trends (NASDAQ:CTRN) reached a new 52-week high during trading on Monday , American Banking News.com reports. The stock traded as high as $21.80 and last traded at $21.54, with a volume of 43,098 shares. The stock had previously closed at $21.23.
A number of research firms have recently commented on CTRN. Analysts at Citigroup Inc. raised their price target on shares of Citi Trends to $24.00 in a research note on Thursday, May 22nd. Separately, analysts at MKM Partners raised their price target on shares of Citi Trends from $20.00 to $24.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Citi Trends in a research note on Wednesday, April 23rd. They now have a $18.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $19.00.
The stock’s 50-day moving average is $18.35 and its 200-day moving average is $17.03. The company has a market cap of $314.9 million and a P/E ratio of 94.36.
Citi Trends (NASDAQ:CTRN) last released its earnings data on Wednesday, May 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.10. The company had revenue of $188.00 million for the quarter, compared to the consensus estimate of $187.74 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Citi Trends will post $0.47 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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