Citi Trends (NASDAQ:CTRN) Updates FY 2020 Pre-Market Earnings Guidance


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Citi Trends (NASDAQ:CTRN) issued an update on its FY 2020
Pre-Market earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.85-1.95 for the period. Citi Trends also updated its Q4 2020
Pre-Market guidance to 1.22-1.32 EPS.

CTRN opened at $59.60 on Thursday. The company has a market cap of $604.28 million, a price-to-earnings ratio of 42.27 and a beta of 1.64. The firm has a 50 day simple moving average of $44.74 and a 200 day simple moving average of $28.48. Citi Trends has a fifty-two week low of $6.70 and a fifty-two week high of $61.87.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results on Tuesday, December 1st. The company reported $0.67 earnings per share for the quarter. The business had revenue of $199.10 million during the quarter. Citi Trends had a net margin of 2.07% and a return on equity of 10.32%.

Separately, BidaskClub raised shares of Citi Trends from a buy rating to a strong-buy rating in a research note on Thursday, September 17th.

In other Citi Trends news, VP Charles J. Hynes sold 1,419 shares of the company’s stock in a transaction that occurred on Wednesday, December 9th. The shares were sold at an average price of $43.51, for a total value of $61,740.69. Following the completion of the sale, the vice president now owns 9,844 shares of the company’s stock, valued at $428,312.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christina Short sold 2,600 shares of the company’s stock in a transaction that occurred on Thursday, December 10th. The shares were sold at an average price of $41.49, for a total transaction of $107,874.00. Following the completion of the sale, the senior vice president now directly owns 9,544 shares of the company’s stock, valued at approximately $395,980.56. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by corporate insiders.

About Citi Trends

Citi Trends, Inc operates as a value-priced retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear for men and women, as well as children, including newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional bedroom, bathroom, and kitchen products, as well as beauty products and toys.

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