Citi Trends (CTRN) Hits New 12-Month High at $26.79
Citi Trends, Inc. (NASDAQ:CTRN) reached a new 52-week high during trading on Thursday . The stock traded as high as $26.79 and last traded at $25.71, with a volume of 227800 shares traded. The stock had previously closed at $25.56.
Separately, TheStreet downgraded shares of Citi Trends from a “b” rating to a “c+” rating in a research report on Wednesday, September 6th.
The company has a market cap of $381.28, a PE ratio of 23.42 and a beta of 0.51.
Citi Trends (NASDAQ:CTRN) last posted its earnings results on Tuesday, November 21st. The company reported $0.05 EPS for the quarter. Citi Trends had a net margin of 2.04% and a return on equity of 7.70%. The business had revenue of $176.90 million for the quarter, compared to the consensus estimate of $171.30 million. During the same period last year, the company earned ($0.06) EPS. The firm’s revenue was up 10.1% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, November 27th. This represents a $0.32 annualized dividend and a yield of 1.15%. Citi Trends’s dividend payout ratio is presently 31.68%.
Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its position in Citi Trends by 547.6% during the 2nd quarter. Acadian Asset Management LLC now owns 6,172 shares of the company’s stock worth $131,000 after buying an additional 5,219 shares during the period. First Trust Advisors LP acquired a new stake in Citi Trends during the 3rd quarter worth approximately $216,000. Goldman Sachs Group Inc. acquired a new stake in Citi Trends during the 2nd quarter worth approximately $242,000. The Manufacturers Life Insurance Company boosted its position in Citi Trends by 8.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,014 shares of the company’s stock worth $276,000 after buying an additional 959 shares during the period. Finally, Credit Suisse AG boosted its position in Citi Trends by 54.3% during the 1st quarter. Credit Suisse AG now owns 16,490 shares of the company’s stock worth $280,000 after buying an additional 5,803 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.
Citi Trends Company Profile
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.
Receive News & Ratings for Citi Trends Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citi Trends Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.