Citi Trends (NASDAQ:CTRN) Updates FY 2019 Pre-Market Earnings Guidance

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Citi Trends (NASDAQ:CTRN) updated its FY 2019
Pre-Market earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 1.47-1.49 for the period.

Several brokerages recently commented on CTRN. BidaskClub cut shares of Citi Trends from a strong-buy rating to a buy rating in a research note on Saturday, February 15th. TheStreet upgraded shares of Citi Trends from a c+ rating to a b- rating in a research note on Friday, February 14th. Finally, ValuEngine cut shares of Citi Trends from a hold rating to a sell rating in a research report on Saturday, February 1st.

CTRN traded down $0.40 during midday trading on Monday, reaching $22.10. 2,376 shares of the company’s stock were exchanged, compared to its average volume of 102,660. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.50 and a quick ratio of 0.52. The stock has a market capitalization of $262.07 million, a PE ratio of 18.75 and a beta of 0.58. The business’s 50-day moving average price is $23.04 and its 200 day moving average price is $19.70. Citi Trends has a 1-year low of $13.41 and a 1-year high of $24.78.

Citi Trends (NASDAQ:CTRN) last announced its earnings results on Tuesday, November 26th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $183.05 million for the quarter. Citi Trends had a return on equity of 8.22% and a net margin of 1.87%. As a group, analysts expect that Citi Trends will post 1.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Monday, March 2nd. Citi Trends’s payout ratio is currently 19.51%.

In other Citi Trends news, Director Jonathan Duskin sold 2,100 shares of Citi Trends stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $20.65, for a total transaction of $43,365.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.19% of the company’s stock.

About Citi Trends

Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. 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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