News articles about Citi Trends (NASDAQ:CTRN) have trended somewhat positive on Tuesday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Citi Trends earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.4415233990844 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several equities research analysts recently weighed in on CTRN shares. BidaskClub lowered Citi Trends from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. ValuEngine upgraded Citi Trends from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Finally, TheStreet raised Citi Trends from a “c+” rating to a “b-” rating in a report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. Citi Trends currently has a consensus rating of “Hold” and a consensus price target of $19.00.
Shares of Citi Trends (NASDAQ:CTRN) opened at 20.82 on Tuesday. The firm has a 50-day moving average price of $21.09 and a 200 day moving average price of $18.64. Citi Trends has a 12-month low of $15.54 and a 12-month high of $22.73. The company has a market capitalization of $306.45 million, a P/E ratio of 22.78 and a beta of 0.33.
Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Wednesday, May 17th. The company reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.68. Citi Trends had a return on equity of 6.56% and a net margin of 1.92%. The business had revenue of $200 million for the quarter, compared to the consensus estimate of $197.10 million. During the same period last year, the business posted $0.60 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Citi Trends will post $1.30 earnings per share for the current year.
Citi Trends declared that its Board of Directors has initiated a share buyback plan on Monday, April 10th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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About Citi Trends
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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