Citi Trends (CTRN) Updates Q1 2019 Earnings Guidance

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

Several research firms have recently issued reports on CTRN. BidaskClub cut Citi Trends from a buy rating to a hold rating in a report on Thursday, February 14th. Sidoti began 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. Finally, ValuEngine cut Citi Trends from a buy rating to a hold rating in a report on Thursday, November 15th.

Shares of Citi Trends stock opened at $20.47 on Friday. Citi Trends has a twelve month low of $17.78 and a twelve month high of $34.90. The firm has a market capitalization of $265.01 million, a P/E ratio of 16.25 and a beta of 0.47.

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

In related news, Director Jonathan Duskin sold 15,000 shares of Citi Trends 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.41% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2019/03/15/citi-trends-ctrn-updates-q1-2019-earnings-guidance.html.

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.

Recommended Story: What are economic reports?

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