Citi Trends, Inc. (NASDAQ:CTRN – Get Free Report) EVP Lisa Powell sold 10,000 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $70.10, for a total transaction of $701,000.00. Following the transaction, the executive vice president owned 13,970 shares of the company’s stock, valued at approximately $979,297. The trade was a 41.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Citi Trends Trading Down 0.9%
Shares of NASDAQ:CTRN traded down $0.66 during mid-day trading on Tuesday, reaching $70.50. The company had a trading volume of 130,076 shares, compared to its average volume of 132,062. The firm has a market cap of $587.26 million, a price-to-earnings ratio of 85.98 and a beta of 1.82. The company’s 50-day moving average price is $66.64 and its 200-day moving average price is $54.09. Citi Trends, Inc. has a one year low of $29.60 and a one year high of $77.91.
Citi Trends (NASDAQ:CTRN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.37. The company had revenue of $211.63 million during the quarter, compared to the consensus estimate of $211.60 million. Citi Trends had a return on equity of 8.25% and a net margin of 0.84%.
Hedge Funds Weigh In On Citi Trends
Analysts Set New Price Targets
A number of research analysts recently weighed in on CTRN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Citi Trends in a research note on Wednesday, August 26th. Wall Street Zen raised Citi Trends from a “hold” rating to a “buy” rating in a report on Monday, June 29th. Finally, DA Davidson set a $81.00 price target on Citi Trends in a research report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.00.
Check Out Our Latest Analysis on CTRN
About Citi Trends
Citi Trends, Inc (NASDAQ: CTRN) is an off-price retail apparel chain that focuses on value-priced urban fashion apparel and accessories for men, women, and children. Headquartered in Savannah, Georgia, the company offers a broad assortment of merchandise, including denim, sportswear, activewear, and seasonal styles, complemented by footwear, jewelry, cosmetics, and home goods. Through its purchasing model, Citi Trends sources closeouts, overstocks and canceled orders from name-brand vendors, enabling it to offer trending styles at competitive price points.
The company operates more than 500 stores across the Southeastern and Mid-Atlantic regions of the United States, with typical store footprints of approximately 11,000 square feet.
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