Citi Trends (CTRN) Given News Impact Score of 0.24

Media stories about Citi Trends (NASDAQ:CTRN) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Citi Trends earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.3129844367664 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

CTRN has been the topic of a number of analyst reports. BidaskClub cut shares of Citi Trends from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. MKM Partners upgraded shares of Citi Trends from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.00 to $32.00 in a research note on Tuesday, March 20th.

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CTRN traded up $0.42 during midday trading on Thursday, hitting $31.82. 115,465 shares of the company traded hands, compared to its average volume of 125,735. The stock has a market capitalization of $428.27, a P/E ratio of 25.25 and a beta of 0.22. Citi Trends has a 52 week low of $15.54 and a 52 week high of $31.92.

Citi Trends (NASDAQ:CTRN) last posted its earnings results on Friday, March 16th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.06. The business had revenue of $212.14 million for the quarter, compared to analysts’ expectations of $211.00 million. Citi Trends had a net margin of 1.93% and a return on equity of 8.39%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. research analysts forecast that Citi Trends will post 1.63 earnings per share for the current fiscal year.

Citi Trends declared that its board has initiated a stock buyback plan on Friday, March 16th that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.01%. The ex-dividend date was Monday, March 5th. Citi Trends’s dividend payout ratio is currently 25.40%.

In other Citi Trends news, SVP Christina Short sold 2,752 shares of the company’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $30.91, for a total transaction of $85,064.32. Following the transaction, the senior vice president now owns 50,078 shares in the company, valued at approximately $1,547,910.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ivy D. Council sold 4,156 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $30.71, for a total transaction of $127,630.76. Following the transaction, the vice president now owns 80,984 shares in the company, valued at approximately $2,487,018.64. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.

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About Citi Trends

Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.

Insider Buying and Selling by Quarter for Citi Trends (NASDAQ:CTRN)

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