Citi Trends (NASDAQ:CTRN) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 23rd. Analysts expect Citi Trends to post earnings of $0.85 per share for the quarter.
Citi Trends (NASDAQ:CTRN) last released its earnings results on Friday, March 15th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Citi Trends had a net margin of 2.78% and a return on equity of 10.67%. The business had revenue of $201.16 million for the quarter, compared to analysts’ expectations of $215.00 million. During the same period last year, the company earned $0.38 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis.
CTRN opened at $17.86 on Thursday. Citi Trends has a 1 year low of $17.44 and a 1 year high of $34.90. The company has a market capitalization of $212.56 million, a P/E ratio of 10.89 and a beta of 0.42.
Several equities research analysts recently issued reports on the stock. Sidoti assumed coverage on shares of Citi Trends in a research report on Friday, February 22nd. They issued a “buy” rating and a $28.00 target price on the stock. BidaskClub cut shares of Citi Trends from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Finally, ValuEngine cut shares of Citi Trends from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd.
In related news, SVP Christina Short sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $19.34, for a total value of $38,680.00. Following the transaction, the senior vice president now owns 9,324 shares in the company, valued at $180,326.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.19% of the company’s stock.
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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.
Further Reading: What Does a Sell-Side Analyst Rating Mean?
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