Citi Trends (CTRN) Releases FY 2019 Earnings Guidance

Citi Trends (NASDAQ:CTRN) issued an update on its FY 2019 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus estimate of $1.85. Citi Trends also updated its Q1 2019 guidance to $0.83-0.87 EPS.

NASDAQ:CTRN opened at $20.47 on Friday. Citi Trends has a 52 week low of $17.78 and a 52 week high of $34.90. The firm has a market capitalization of $265.01 million, a price-to-earnings ratio of 16.25 and a beta of 0.47.

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

Several equities research analysts recently issued reports on CTRN shares. BidaskClub downgraded Citi Trends from a buy rating to a hold rating in a report on Thursday, February 14th. ValuEngine downgraded Citi Trends from a buy rating to a hold rating in a report on Thursday, November 15th. Finally, Sidoti started coverage on Citi Trends in a report on Friday, February 22nd. They issued a buy rating and a $28.00 price objective on the stock.

In related news, Director Jonathan Duskin sold 15,000 shares of the business’s stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $19.63, for a total value of $294,450.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.41% of the stock is currently owned by insiders.

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Citi Trends Company Profile

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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