Citi Trends (CTRN) Earning Somewhat Positive Media Coverage, Report Shows
Press coverage about Citi Trends (NASDAQ:CTRN) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Citi Trends earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.3014701344237 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities research analysts recently weighed in on CTRN shares. ValuEngine cut Citi Trends from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut Citi Trends from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, TheStreet upgraded Citi Trends from a “c+” rating to a “b-” rating in a research note on Tuesday, May 9th.
Citi Trends (NASDAQ:CTRN) traded up 2.84% during midday trading on Thursday, reaching $18.13. The company’s stock had a trading volume of 109,357 shares. The firm has a market capitalization of $260.73 million, a PE ratio of 19.92 and a beta of 0.33. Citi Trends has a 1-year low of $15.54 and a 1-year high of $22.73. The stock’s 50-day moving average price is $20.18 and its 200 day moving average price is $19.00.
Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Wednesday, August 16th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.05. The business had revenue of $166.20 million for the quarter, compared to analysts’ expectations of $164.70 million. Citi Trends had a return on equity of 6.78% and a net margin of 1.88%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share. Equities analysts anticipate that Citi Trends will post $1.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 29th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, August 25th. Citi Trends’s payout ratio is currently 35.16%.
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About Citi Trends
Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.
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