Citi Trends, Inc. (NASDAQ:CTRN) Director Jonathan Duskin sold 2,100 shares of Citi Trends stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $20.65, for a total transaction of $43,365.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of CTRN stock traded up $0.44 during mid-day trading on Wednesday, reaching $21.24. The company’s stock had a trading volume of 6,483 shares, compared to its average volume of 71,798. The firm’s 50-day moving average is $18.75 and its two-hundred day moving average is $16.70. The company has a market cap of $244.52 million, a P/E ratio of 12.97 and a beta of 0.57. Citi Trends, Inc. has a 1-year low of $13.41 and a 1-year high of $22.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 1.53.
Citi Trends (NASDAQ:CTRN) last issued its earnings results on Tuesday, November 26th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $183.05 million for the quarter. Citi Trends had a net margin of 1.87% and a return on equity of 8.13%. Sell-side analysts anticipate that Citi Trends, Inc. will post 1.45 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 9th. Citi Trends’s dividend payout ratio is 19.51%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTRN. Russell Investments Group Ltd. bought a new stake in shares of Citi Trends in the 3rd quarter valued at approximately $109,000. Meeder Asset Management Inc. raised its holdings in shares of Citi Trends by 1,637.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 8,619 shares of the company’s stock worth $157,000 after buying an additional 8,123 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Citi Trends by 7.7% in the 3rd quarter. Rhumbline Advisers now owns 19,333 shares of the company’s stock worth $354,000 after buying an additional 1,375 shares in the last quarter. Stone Ridge Asset Management LLC lifted its position in shares of Citi Trends by 23.2% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 22,664 shares of the company’s stock worth $331,000 after buying an additional 4,263 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Citi Trends by 15.3% during the 3rd quarter. First Trust Advisors LP now owns 23,847 shares of the company’s stock worth $436,000 after buying an additional 3,164 shares during the period. 87.95% of the stock is currently owned by institutional investors.
Separately, ValuEngine raised shares of Citi Trends from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th.
Citi Trends Company Profile
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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