Citi Trends (NASDAQ:CTRN) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• Citi Trends' stock has been given a "Sell (D-)" rating by Weiss Ratings, while DA Davidson has increased its price target from $40.00 to $43.00 with a "buy" rating.
• The company reported $1.22 earnings per share for the last quarter and has set its FY 2020 pre-market guidance between 1.85-1.95 EPS.
• Recent insider activity includes Director Margaret L. Jenkins selling 1,000 shares, reducing her ownership by 5.83%, while institutional investors have made significant changes to their positions in Citi Trends.

Citi Trends (NASDAQ:CTRN - Get Free Report)'s stock had its "sell (d-)" rating reiterated by analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Other equities research analysts also recently issued reports about the stock. DA Davidson boosted their price objective on shares of Citi Trends from $40.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Wall Street Zen upgraded shares of Citi Trends from a "hold" rating to a "buy" rating in a research note on Saturday, October 18th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $39.50.

Citi Trends Stock Performance

Citi Trends stock traded up $0.87 during trading on Friday, reaching $36.47. The company had a trading volume of 50,385 shares, compared to its average volume of 92,869. Citi Trends has a 12-month low of $16.18 and a 12-month high of $39.37. The stock's 50 day moving average price is $34.17 and its two-hundred day moving average price is $29.91. The firm has a market capitalization of $303.07 million, a price-to-earnings ratio of -18.24 and a beta of 2.19.

Citi Trends (NASDAQ:CTRN - Get Free Report) last released its earnings results on Tuesday, January 12th. The company reported $1.22 earnings per share (EPS) for the quarter. Citi Trends had a negative net margin of 2.13% and a negative return on equity of 21.25%. The firm had revenue of $251.92 million during the quarter. Citi Trends has set its FY 2020 Pre-Market guidance at 1.85-1.95 EPS. Q4 2020 Pre-Market guidance at 1.22-1.32 EPS.

Insider Activity at Citi Trends

In other news, Director Margaret L. Jenkins sold 1,000 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $36.21, for a total transaction of $36,210.00. Following the transaction, the director directly owned 16,163 shares of the company's stock, valued at approximately $585,262.23. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 10.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CTRN. Nuveen LLC acquired a new position in shares of Citi Trends during the first quarter worth $121,992,000. Marshall Wace LLP raised its holdings in Citi Trends by 269.2% in the second quarter. Marshall Wace LLP now owns 160,084 shares of the company's stock valued at $5,345,000 after acquiring an additional 116,722 shares in the last quarter. Invesco Ltd. raised its holdings in Citi Trends by 243.3% in the second quarter. Invesco Ltd. now owns 103,965 shares of the company's stock valued at $3,471,000 after acquiring an additional 73,678 shares in the last quarter. Royce & Associates LP raised its holdings in Citi Trends by 34.8% in the first quarter. Royce & Associates LP now owns 248,356 shares of the company's stock valued at $5,497,000 after acquiring an additional 64,178 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Citi Trends in the second quarter valued at $1,474,000.

Citi Trends Company Profile

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear and footwear for men and ladies, as well as apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.

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