Citi Trends (NASDAQ:CTRN) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.40-0.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.55.

A number of equities research analysts have commented on the stock. BidaskClub lowered shares of Citi Trends from a strong-buy rating to a buy rating in a report on Saturday. TheStreet upgraded shares of Citi Trends from a c+ rating to a b- rating in a research report on Monday, October 16th.

Citi Trends (CTRN) traded down $0.14 during trading on Monday, reaching $26.03. 64,700 shares of the company’s stock were exchanged, compared to its average volume of 94,200. Citi Trends has a 52 week low of $15.54 and a 52 week high of $28.12. The firm has a market cap of $357.65, a P/E ratio of 25.52 and a beta of 0.51.

Citi Trends (NASDAQ:CTRN) last released its earnings results on Tuesday, November 21st. The company reported $0.05 earnings per share (EPS) for the quarter. Citi Trends had a net margin of 2.04% and a return on equity of 7.70%. The company had revenue of $176.90 million for the quarter, compared to the consensus estimate of $171.30 million. During the same period in the prior year, the company posted ($0.06) EPS. The company’s revenue was up 10.1% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, November 27th. This represents a $0.32 dividend on an annualized basis and a yield of 1.23%. Citi Trends’s payout ratio is presently 31.37%.

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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.

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