Press coverage about Citi Trends (NASDAQ:CTRN) has been trending somewhat positive on Monday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing 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 nearest to one being the most favorable. Citi Trends earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.5325613862244 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of Citi Trends stock traded down $0.29 on Monday, reaching $30.20. 1,768 shares of the company traded hands, compared to its average volume of 103,645. Citi Trends has a 52 week low of $17.87 and a 52 week high of $34.90. The company has a market capitalization of $395.62 million, a P/E ratio of 23.97 and a beta of 0.43.

Citi Trends (NASDAQ:CTRN) last released its earnings results on Thursday, August 23rd. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.17. Citi Trends had a net margin of 2.61% and a return on equity of 10.59%. The firm had revenue of $182.00 million during the quarter, compared to the consensus estimate of $178.50 million. During the same period in the prior year, the firm earned $0.03 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. research analysts expect that Citi Trends will post 1.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, August 31st. Citi Trends’s payout ratio is currently 25.40%.

A number of research analysts have recently weighed in on CTRN shares. BidaskClub raised shares of Citi Trends from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. ValuEngine raised shares of Citi Trends from a “hold” rating to a “buy” rating in a research report on Wednesday, May 16th.

In related news, SVP Ivy D. Council sold 5,734 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $32.44, for a total transaction of $186,010.96. Following the sale, the senior vice president now directly owns 77,261 shares in the company, valued at approximately $2,506,346.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ivy D. Council sold 3,723 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $33.02, for a total transaction of $122,933.46. Following the sale, the senior vice president now owns 77,261 shares in the company, valued at $2,551,158.22. The disclosure for this sale can be found here. Insiders have sold a total of 20,257 shares of company stock worth $660,268 over the last 90 days. 8.41% of the stock is currently owned by corporate insiders.

About Citi Trends

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.

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