Citi Trends, Inc. (NASDAQ:CTRN) shares reached a new 52-week high on Tuesday . The company traded as high as $24.55 and last traded at $22.01, with a volume of 149000 shares changing hands. The stock had previously closed at $21.66.

A number of analysts recently commented on the company. BidaskClub lowered Citi Trends from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. TheStreet lowered Citi Trends from a “b” rating to a “c+” rating in a report on Wednesday, September 6th.

The stock has a market capitalization of $332.85, a price-to-earnings ratio of 21.25 and a beta of 0.42.

Citi Trends (NASDAQ:CTRN) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.05 EPS for the quarter. The business had revenue of $176.90 million for the quarter, compared to analyst estimates of $171.30 million. Citi Trends had a return on equity of 7.57% and a net margin of 2.04%. Citi Trends’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted ($0.06) earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Monday, November 27th. Citi Trends’s dividend payout ratio is currently 31.37%.

A number of large investors have recently added to or reduced their stakes in the business. American International Group Inc. increased its position in Citi Trends by 7.0% in the first quarter. American International Group Inc. now owns 8,858 shares of the company’s stock worth $151,000 after buying an additional 582 shares during the last quarter. Eagle Global Advisors LLC increased its position in Citi Trends by 5.2% in the second quarter. Eagle Global Advisors LLC now owns 19,120 shares of the company’s stock worth $406,000 after buying an additional 940 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Citi Trends by 8.0% in the second 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 last quarter. Parametric Portfolio Associates LLC increased its position in Citi Trends by 5.1% in the second quarter. Parametric Portfolio Associates LLC now owns 31,218 shares of the company’s stock worth $662,000 after buying an additional 1,501 shares during the last quarter. Finally, Royce & Associates LP increased its position in Citi Trends by 1.0% in the second quarter. Royce & Associates LP now owns 182,773 shares of the company’s stock worth $3,878,000 after buying an additional 1,800 shares during the last quarter. 87.69% of the stock is owned by institutional investors and hedge funds.

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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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