Citi Trends Hits New 1-Year High at $23.93 (CTRN)
Citi Trends (NASDAQ:CTRN)’s share price reached a new 52-week high on Wednesday , StockRatingsNetwork.com reports. The stock traded as high as $23.93 and last traded at $23.79, with a volume of 32,486 shares trading hands. The stock had previously closed at $23.62.
CTRN has been the subject of a number of recent research reports. 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.
The stock has a 50-day moving average of $21.13 and a 200-day moving average of $19.04. The company has a market cap of $355.6 million and a P/E ratio of 57.33.
Citi Trends (NASDAQ:CTRN) last released its earnings data 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. Analysts expect that Citi Trends will post $0.61 EPS for the current fiscal year.
In other Citi Trends news, CMO Jason T. Mazzola sold 10,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $22.96, for a total transaction of $229,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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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