Citi Trends Price Target Raised to $23.00 at Citigroup Inc. (CTRN)
Investment analysts at Citigroup Inc. upped their price target on shares of Citi Trends (NASDAQ:CTRN) from $20.00 to $23.00 in a note issued to investors on Thursday. Citigroup Inc.’s price objective indicates a potential upside of 6.38% from the stock’s previous close.
Shares of Citi Trends (NASDAQ:CTRN) opened at 21.63 on Thursday. Citi Trends has a 52-week low of $14.40 and a 52-week high of $23.83. The stock’s 50-day moving average is $20.9 and its 200-day moving average is $18.58. The company has a market cap of $322.3 million and a P/E ratio of 95.69.
Citi Trends (NASDAQ:CTRN) last issued its quarterly earnings data on Wednesday, August 20th. The company reported ($0.17) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.28) by $0.11. The company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $141.30 million. During the same quarter last year, the company posted ($0.37) earnings per share. Citi Trends’s revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that Citi Trends will post $0.46 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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