Citi Trends (CTRN) Issues Q1 Earnings Guidance

Citi Trends (NASDAQ:CTRN) updated its first quarter earnings guidance on Friday. The company provided earnings per share guidance of $0.83-0.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.91. Citi Trends also updated its FY 2019 guidance to $1.85-1.95 EPS.

A number of research firms recently issued reports on CTRN. Sidoti began coverage on Citi Trends in a research note on Friday, February 22nd. They set a buy rating and a $28.00 target price for the company. BidaskClub cut shares of Citi Trends from a buy rating to a hold rating in a research note on Thursday, February 14th. Finally, ValuEngine cut shares of Citi Trends from a buy rating to a hold rating in a research note on Thursday, November 15th.

Shares of CTRN opened at $20.47 on Friday. The company has a market cap of $265.01 million, a PE ratio of 16.25 and a beta of 0.47. Citi Trends has a twelve month low of $17.78 and a twelve month high of $34.90.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 4th. This represents a $0.32 annualized dividend and a dividend yield of 1.56%. Citi Trends’s dividend payout ratio is currently 25.40%.

In other news, Director Jonathan Duskin sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $19.63, for a total transaction of $294,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.41% of the stock is owned by company insiders.

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About Citi Trends

Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.

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