MKM Partners Boosts Citi Trends Price Target to $26.00 (CTRN)
MKM Partners increased their target price on shares of Citi Trends (NASDAQ:CTRN) from $24.00 to $26.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. MKM Partners’ price target would suggest a potential upside of 20.26% from the company’s current price.
Citi Trends (NASDAQ:CTRN) traded up 2.08% during mid-day trading on Thursday, hitting $22.08. 49,774 shares of the company’s stock traded hands. Citi Trends has a 52-week low of $14.40 and a 52-week high of $23.83. The stock has a 50-day moving average of $20.9 and a 200-day moving average of $18.58. The company has a market cap of $329.0 million and a P/E ratio of 96.13.
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. Analysts expect that Citi Trends will post $0.46 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. raised their price target on shares of Citi Trends from $20.00 to $23.00 in a research note on Thursday. They now have a “buy” rating on the stock.
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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