Citi Trends Reaches New 12-Month High at $22.88 (CTRN)
Citi Trends (NASDAQ:CTRN) shares hit a new 52-week high during trading on Tuesday , StockRatingsNetwork reports. The company traded as high as $22.88 and last traded at $22.80, with a volume of 94,414 shares trading hands. The stock had previously closed at $21.46.
A number of analysts have recently weighed in on CTRN shares. Analysts at Citigroup Inc. upgraded shares of Citi Trends from a “hold” rating to a “buy” rating in a research note on Tuesday, June 10th. Finally, 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Citi Trends presently has an average rating of “Hold” and an average price target of $19.25.
The stock’s 50-day moving average is $20.37 and its 200-day moving average is $17.59. The company has a market cap of $342.3 million and a price-to-earnings ratio of 95.38.
Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue 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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