Citi Trends Stock Rating Upgraded by Citigroup Inc. (CTRN)
The analysts wrote, “Citi Trends (CTRN) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
A number of other firms have also recently commented on CTRN. 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. 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.00.
Shares of Citi Trends (NASDAQ:CTRN) traded down 1.09% on Tuesday, hitting $20.90. 38,474 shares of the company’s stock traded hands. Citi Trends has a 52-week low of $13.53 and a 52-week high of $21.80. The stock has a 50-day moving average of $18.35 and a 200-day moving average of $17.03. The company has a market cap of $311.4 million and a price-to-earnings ratio of 93.91.
Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results 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. Analysts expect that Citi Trends will post $0.47 EPS 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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