Citi Trends (NASDAQ:CTRN) Releases FY 2021 Earnings Guidance

Citi Trends (NASDAQ:CTRN) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $6.300-$6.500 for the period, compared to the Thomson Reuters consensus estimate of $4.870. The company issued revenue guidance of $990 M-$1.01 billion, compared to the consensus revenue estimate of $983.72 million.

Several research firms have weighed in on CTRN. Zacks Investment Research raised Citi Trends from a hold rating to a strong-buy rating and set a $96.00 target price for the company in a research report on Friday, August 27th. Benchmark began coverage on Citi Trends in a research report on Tuesday. They issued a buy rating and a $115.00 target price for the company. Finally, Craig Hallum lifted their target price on Citi Trends from $150.00 to $165.00 and gave the company a buy rating in a research report on Wednesday, August 25th.

Shares of Citi Trends stock opened at $70.59 on Tuesday. Citi Trends has a one year low of $22.49 and a one year high of $111.44. The company has a market cap of $640.75 million, a PE ratio of 9.98 and a beta of 1.79. The business has a 50-day simple moving average of $79.73 and a 200-day simple moving average of $86.40.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings data on Monday, August 23rd. The company reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.93. Citi Trends had a return on equity of 44.49% and a net margin of 7.02%. The business had revenue of $237.28 million during the quarter, compared to the consensus estimate of $227.20 million. On average, analysts forecast that Citi Trends will post 6.5 EPS for the current year.

In related news, Director Margaret L. Jenkins sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 10th. The stock was sold at an average price of $80.89, for a total transaction of $283,115.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James A. Dunn sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 3rd. The shares were sold at an average price of $87.71, for a total value of $1,754,200.00. Following the completion of the sale, the senior vice president now owns 66,369 shares of the company’s stock, valued at approximately $5,821,224.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,200 shares of company stock valued at $2,096,290. 6.20% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Citi Trends stock. Wells Fargo & Company MN lifted its stake in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 197.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,614 shares of the company’s stock after purchasing an additional 13,676 shares during the quarter. Wells Fargo & Company MN owned about 0.22% of Citi Trends worth $1,793,000 at the end of the most recent quarter. 96.85% of the stock is currently owned by institutional investors and hedge funds.

Citi Trends Company Profile

Citi Trends, Inc engages in the retail of urban fashion apparel, 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.

Recommended Story: Growth Stocks, What They Are, What They Are Not

Receive News & Ratings for Citi Trends Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citi Trends and related companies with's FREE daily email newsletter.