Citi Trends (CTRN) Given News Sentiment Rating of 0.03
News articles about Citi Trends (NASDAQ:CTRN) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Citi Trends earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.1922332577659 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Police in India arrest four over Game of Thrones leak (famososartistas.com)
- South Korea, US to begin talks on possible FTA amendment next week (wisdomsave.com)
- Predicted XI to face Hajduk Split in the Europa League (fishinghd.com)
- Edited Transcript of CTRN earnings conference call or presentation 16-Aug-17 1:00pm GMT (finance.yahoo.com)
- Citi Trends Announces Second Quarter 2017 Results and Declares Quarterly Cash Dividend (finance.yahoo.com)
Shares of Citi Trends (CTRN) traded up 1.60% during trading on Friday, hitting $17.77. 210,207 shares of the stock were exchanged. The stock has a market cap of $255.55 million, a PE ratio of 19.53 and a beta of 0.33. The stock’s 50 day moving average price is $20.91 and its 200 day moving average price is $18.91. Citi Trends has a one year low of $15.54 and a one year high of $22.73.
Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results on Wednesday, August 16th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.05. The firm had revenue of $166.20 million for the quarter, compared to analyst estimates of $164.70 million. Citi Trends had a net margin of 1.88% and a return on equity of 6.78%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) earnings per share. Equities research analysts predict that Citi Trends will post $1.30 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, August 25th. This represents a $0.32 dividend on an annualized basis and a yield of 1.80%. Citi Trends’s payout ratio is currently 35.16%.
Several equities analysts have commented on the stock. BidaskClub upgraded shares of Citi Trends from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. TheStreet upgraded shares of Citi Trends from a “c+” rating to a “b-” rating in a research note on Tuesday, May 9th. Finally, ValuEngine lowered shares of Citi Trends from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
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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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