Citi Trends (NASDAQ:CTRN) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.40-0.45 for the period, compared to the Thomson Reuters consensus estimate of $0.55.

Citi Trends (CTRN) traded down $0.14 on Monday, hitting $26.03. 64,700 shares of the stock traded hands, compared to its average volume of 94,200. Citi Trends has a fifty-two week low of $15.54 and a fifty-two week high of $28.12. The company has a market cap of $357.65, a price-to-earnings ratio of 25.52 and a beta of 0.51.

Citi Trends (NASDAQ:CTRN) last posted its earnings results on Tuesday, November 21st. The company reported $0.05 earnings per share for the quarter. Citi Trends had a net margin of 2.04% and a return on equity of 7.70%. The business had revenue of $176.90 million for the quarter, compared to analyst estimates of $171.30 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Monday, November 27th. Citi Trends’s dividend payout ratio is currently 31.37%.

A number of equities research analysts have commented on the stock. BidaskClub lowered shares of Citi Trends from a strong-buy rating to a buy rating in a report on Saturday. TheStreet raised shares of Citi Trends from a c+ rating to a b- rating in a report on Monday, October 16th.

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Citi Trends Company Profile

Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.

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