Citi Trends, Inc. (NASDAQ:CTRN) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $28.00 for the company, according to Zacks. Zacks has also given Citi Trends an industry rank of 27 out of 255 based on the ratings given to its competitors.
Separately, ValuEngine upgraded Citi Trends from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th.
In related news, Director Peter R. Sachse purchased 9,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were bought at an average price of $16.84 per share, for a total transaction of $151,560.00. Following the acquisition, the director now directly owns 13,390 shares in the company, valued at $225,487.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.19% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in CTRN. Meeder Asset Management Inc. boosted its position in shares of Citi Trends by 1,637.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 8,619 shares of the company’s stock worth $157,000 after acquiring an additional 8,123 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Citi Trends during the 2nd quarter worth approximately $213,000. Stone Ridge Asset Management LLC lifted its position in Citi Trends by 23.2% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 22,664 shares of the company’s stock worth $331,000 after acquiring an additional 4,263 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in Citi Trends by 49.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 29,150 shares of the company’s stock worth $426,000 after acquiring an additional 9,660 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in Citi Trends during the 2nd quarter worth approximately $528,000. 90.96% of the stock is owned by institutional investors and hedge funds.
NASDAQ CTRN traded up $0.37 on Tuesday, reaching $18.42. 5,263 shares of the company were exchanged, compared to its average volume of 84,689. The business’s fifty day moving average price is $17.96 and its 200 day moving average price is $16.77. The stock has a market capitalization of $218.91 million, a P/E ratio of 11.24 and a beta of 0.54. The company has a current ratio of 1.53, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. Citi Trends has a fifty-two week low of $13.41 and a fifty-two week high of $27.39.
Citi Trends (NASDAQ:CTRN) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.03 earnings per share for the quarter. The company had revenue of $182.83 million for the quarter. Citi Trends had a return on equity of 8.35% and a net margin of 1.96%. Equities research analysts forecast that Citi Trends will post 1.4 earnings per share for the current year.
Citi Trends Company Profile
Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, such as fashion sportswear for men and women, as well as children, including newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional bedroom, bathroom, and kitchen products, as well as beauty products and toys.
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