Citi Trends (CTRN) Updates FY20 Earnings Guidance

Citi Trends (NASDAQ:CTRN) updated its FY20 earnings guidance on Friday. The company provided earnings per share guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.85. Citi Trends also updated its FY 2019 guidance to $1.85-1.95 EPS.

A number of analysts recently issued reports on the company. Sidoti assumed coverage on Citi Trends in a report on Friday, February 22nd. They set a buy rating and a $28.00 price objective on the stock. BidaskClub cut Citi Trends from a buy rating to a hold rating in a report on Thursday, February 14th. Finally, ValuEngine cut Citi Trends from a buy rating to a hold rating in a report on Thursday, November 15th.

Shares of CTRN opened at $20.47 on Friday. The stock has a market cap of $265.01 million, a P/E ratio of 16.25 and a beta of 0.47. Citi Trends has a 52-week low of $17.78 and a 52-week high of $34.90.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend 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 (DPR) is 25.40%.

In related news, Director Jonathan Duskin sold 15,000 shares of the stock in a transaction dated Tuesday, December 18th. The stock was 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 SEC, which is available at the SEC website. Corporate insiders own 8.41% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Citi Trends (CTRN) Updates FY20 Earnings Guidance” was reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2019/03/15/citi-trends-ctrn-updates-fy20-earnings-guidance.html.

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.

Featured Story: How a Strangle Strategy is different from a Straddle Strategy

Receive News & Ratings for Citi Trends Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citi Trends and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply