Citi Trends (NASDAQ:CTRN) Issues Q1 2021 Earnings Guidance


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Citi Trends (NASDAQ:CTRN) updated its first quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of 2.750-2.900 for the period. The company issued revenue guidance of $280 million-$285 million.

A number of brokerages have commented on CTRN. Zacks Investment Research raised Citi Trends from a hold rating to a strong-buy rating and set a $104.00 price target for the company in a research report on Tuesday, March 16th. Craig Hallum increased their price target on shares of Citi Trends from $125.00 to $142.00 and gave the stock a buy rating in a report on Wednesday, April 21st. Finally, TheStreet upgraded shares of Citi Trends from a c+ rating to a b- rating in a research note on Tuesday, March 16th.

Shares of CTRN stock traded down $1.58 on Tuesday, hitting $104.84. The company had a trading volume of 223,244 shares, compared to its average volume of 213,114. Citi Trends has a twelve month low of $10.03 and a twelve month high of $111.44. The firm has a market cap of $987.38 million, a P/E ratio of 75.48 and a beta of 1.64. The company has a 50-day moving average price of $93.89 and a 200-day moving average price of $61.19.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Monday, March 15th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.06. The company had revenue of $251.92 million during the quarter, compared to the consensus estimate of $251.90 million. Citi Trends had a return on equity of 10.32% and a net margin of 2.07%. As a group, sell-side analysts predict that Citi Trends will post 1.91 earnings per share for the current fiscal year.

In other Citi Trends news, SVP James A. Dunn sold 15,000 shares of the stock in a transaction that occurred on Wednesday, April 7th. The stock was sold at an average price of $87.63, for a total transaction of $1,314,450.00. Following the transaction, the senior vice president now owns 35,989 shares in the company, valued at $3,153,716.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Charles J. Hynes sold 816 shares of the business’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $84.24, for a total value of $68,739.84. Following the completion of the sale, the vice president now owns 9,145 shares of the company’s stock, valued at $770,374.80. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.

About Citi Trends

Citi Trends, Inc engages in the retail of urban fashion apparel, shoes, accessories and home decor. It offers products under its Citi Steps and Red Ape brands. The company was founded in 1946 and is headquartered in Savannah, GA.

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