Insider Selling: Citi Trends CMO Sells 10,000 Shares of Stock (CTRN)
Citi Trends (NASDAQ:CTRN) CMO Jason T. Mazzola sold 10,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $22.96, for a total transaction of $229,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 79,928 shares of the company’s stock, valued at approximately $1,835,147. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at MKM Partners raised their price target on shares of Citi Trends from $24.00 to $26.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Separately, 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, August 21st. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Citi Trends in a research note on Tuesday, July 15th.
Shares of Citi Trends (NASDAQ:CTRN) traded up 0.64% on Wednesday, hitting $23.46. 26,607 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 $20.99 and a 200-day moving average of $18.80. The company has a market cap of $351.2 million and a price-to-earnings ratio of 56.58.
Citi Trends (NASDAQ:CTRN) last announced its earnings results on Wednesday, August 20th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.37) earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that Citi Trends will post $0.61 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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