Key Points
- EVP Lisa Powell sold 10,000 Citi Trends shares at an average price of $70.10, totaling $701,000. Her remaining stake fell 41.72% to 13,970 shares.
- Citi Trends recently reported quarterly EPS of $0.05, exceeding analysts’ expected loss of $0.32, while revenue of $211.63 million was broadly in line with estimates.
- Analyst sentiment remains moderately bullish, with two Buy ratings and one Hold rating; the average price target is $81.00 compared with the stock’s recent price near $70.50.
Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) EVP Lisa Powell sold 10,000 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $70.10, for a total value of $701,000.00. Following the completion of the transaction, the executive vice president directly owned 13,970 shares in the company, valued at approximately $979,297. This represents a 41.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Citi Trends Stock Down 0.9%
NASDAQ CTRN opened at $70.50 on Wednesday. The stock's 50-day simple moving average is $66.89 and its two-hundred day simple moving average is $54.26. Citi Trends, Inc. has a twelve month low of $29.60 and a twelve month high of $77.91. The company has a market capitalization of $587.26 million, a price-to-earnings ratio of 85.98 and a beta of 1.82.
Citi Trends (NASDAQ:CTRN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $0.37. Citi Trends had a return on equity of 8.25% and a net margin of 0.84%.The firm had revenue of $211.63 million during the quarter, compared to analysts' expectations of $211.60 million.
Hedge Funds Weigh In On Citi Trends
Large investors have recently bought and sold shares of the stock. Sei Investments Co. increased its position in shares of Citi Trends by 101.7% in the first quarter. Sei Investments Co. now owns 45,536 shares of the company's stock valued at $1,973,000 after acquiring an additional 22,964 shares during the period. Lotus Technology Management LP purchased a new stake in shares of Citi Trends during the second quarter worth about $1,734,000. Hsbc Holdings PLC purchased a new stake in shares of Citi Trends during the second quarter worth about $828,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Citi Trends in the second quarter worth about $2,751,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Citi Trends in the second quarter worth about $856,000.
Analyst Ratings Changes
Several analysts have issued reports on CTRN shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Citi Trends in a research note on Wednesday, August 26th. Wall Street Zen raised shares of Citi Trends from a "hold" rating to a "buy" rating in a research note on Monday, June 29th. Finally, DA Davidson set a $81.00 price objective on shares of Citi Trends in a report on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $81.00.
Check Out Our Latest Report on Citi Trends
Citi Trends Company Profile
(
Get Free Report)
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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