Citi Trends (NASDAQ:CTRN) issued an update on its first quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $0.83-0.87 for the period, compared to the Thomson Reuters consensus estimate of $0.91. Citi Trends also updated its FY 2019 guidance to $1.85-1.95 EPS.

CTRN stock opened at $19.00 on Friday. The firm has a market cap of $245.61 million, a PE ratio of 15.08 and a beta of 0.47. Citi Trends has a twelve month low of $17.78 and a twelve month high of $34.90.

Citi Trends (NASDAQ:CTRN) last released its earnings results on Friday, March 15th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. Citi Trends had a return on equity of 10.15% and a net margin of 2.47%. The company had revenue of $201.16 million during the quarter, compared to the consensus estimate of $215.00 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. On average, research analysts forecast that Citi Trends will post 1.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.68%. Citi Trends’s dividend payout ratio (DPR) is presently 25.40%.

CTRN has been the subject of a number of analyst reports. BidaskClub cut Citi Trends from a buy rating to a hold rating in a research note on Thursday, February 14th. Sidoti initiated coverage on Citi Trends in a research note on Friday, February 22nd. They issued a buy rating and a $28.00 target price for the company.

In other Citi Trends news, Director Jonathan Duskin sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $19.63, for a total value of $294,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.41% of the stock is currently owned by insiders.

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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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