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NASDAQ:CTRN

Citi Trends - CTRN Stock Forecast, Price & News

$27.81
+1.90 (+7.33%)
(As of 08/10/2022 04:15 PM ET)
Add
Compare
Today's Range
$26.77
$28.48
50-Day Range
$20.51
$29.19
52-Week Range
$20.42
$97.46
Volume
281,185 shs
Average Volume
464,926 shs
Market Capitalization
$233.46 million
P/E Ratio
3.89
Dividend Yield
N/A
Price Target
$47.25

Citi Trends MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
70.3% Upside
$47.25 Price Target
Short Interest
Bearish
22.61% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.60mentions of Citi Trends in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
32.54%
From $2.52 to $3.34 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Retail/Wholesale Sector

146th out of 218 stocks

Apparel & Accessory Stores Industry

5th out of 8 stocks

CTRN stock logo

About Citi Trends (NASDAQ:CTRN) Stock

Citi Trends, Inc. operates as a value retailer of fashion apparel, accessories, and home goods. It 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. The company also provides accessories and beauty products that include handbags, luggage, hats, belts, sunglasses, jewelry, and watches, as well as undergarments and outerwear for men and women. In addition, it offers home and lifestyle products comprising home products for the bedroom, bathroom, kitchen, and decorative accessories; and food, tech, team sports, and health products, as well as seasonal items, books, and toys. The company provides its products primarily to African American and Latinx families in the United States. As of January 29, 2022, it operated 609 stores in urban and rural markets in 33 states. The company was formerly known as Allied Fashion, Inc. and changed its name to Citi Trends, Inc. in 2001. Citi Trends, Inc. was founded in 1946 and is headquartered in Savannah, Georgia.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Benchmark dropped their price target on shares of Citi Trends to $50.00 in a research report on Wednesday, May 25th. Craig Hallum lowered shares of Citi Trends from a "buy" rating to a "hold" rating and dropped their price target for the stock from $80.00 to $34.00 in a research report on Friday, May 20th. Finally, Telsey Advisory Group dropped their price target on shares of Citi Trends to $45.00 in a research report on Wednesday, May 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $47.25.

Citi Trends Stock Performance

Citi Trends stock traded up $1.90 during trading hours on Wednesday, hitting $27.81. 281,185 shares of the stock were exchanged, compared to its average volume of 464,926. The stock has a market capitalization of $233.46 million, a P/E ratio of 3.63 and a beta of 1.97. Citi Trends has a 12 month low of $20.42 and a 12 month high of $97.46. The business's 50-day moving average is $24.68 and its two-hundred day moving average is $31.68.

Citi Trends (NASDAQ:CTRN - Get Rating) last released its quarterly earnings results on Tuesday, May 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08. Citi Trends had a net margin of 6.73% and a return on equity of 27.43%. The business had revenue of $208.22 million for the quarter, compared to analysts' expectations of $207.10 million. During the same period in the prior year, the firm earned $3.23 earnings per share. On average, equities analysts predict that Citi Trends will post 2.52 earnings per share for the current fiscal year.

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CTRN Stock News Headlines

CFO joins Citi Trends from Bed Bath & Beyond
Citi Trends Q1 sales decline
Citi Trends (CTRN) Q1 2022 Earnings Call Transcript
Citi Trends Announces First Quarter 2022 Results
Citi Trends Q1 2023 Earnings Preview
Earnings Outlook For Citi Trends
See More Headlines
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CTRN Company Calendar

Last Earnings
5/24/2022
Today
8/10/2022
Next Earnings (Estimated)
8/23/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Apparel & accessory stores
Sub-Industry
Apparel Retail
Current Symbol
NASDAQ:CTRN
CUSIP
17306X10
Employees
5,400
Year Founded
1946

Price Target and Rating

Average Stock Price Forecast
$47.25
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+69.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$62.24 million
Pretax Margin
8.73%

Debt

Sales & Book Value

Annual Sales
$991.59 million
Cash Flow
$10.57 per share
Book Value
$13.66 per share

Miscellaneous

Free Float
8,042,000
Market Cap
$233.46 million
Optionable
Optionable
Beta
1.97

Social Links















CTRN Stock - Frequently Asked Questions

Should I buy or sell Citi Trends stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citi Trends in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CTRN shares.
View CTRN analyst ratings
or view top-rated stocks.

What is Citi Trends' stock price forecast for 2022?

4 Wall Street research analysts have issued twelve-month target prices for Citi Trends' stock. Their CTRN share price forecasts range from $34.00 to $60.00. On average, they anticipate the company's share price to reach $47.25 in the next twelve months. This suggests a possible upside of 67.8% from the stock's current price.
View analysts price targets for CTRN
or view top-rated stocks among Wall Street analysts.

How have CTRN shares performed in 2022?

Citi Trends' stock was trading at $94.75 at the start of the year. Since then, CTRN shares have decreased by 70.3% and is now trading at $28.16.
View the best growth stocks for 2022 here
.

When is Citi Trends' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our CTRN earnings forecast
.

How were Citi Trends' earnings last quarter?

Citi Trends, Inc. (NASDAQ:CTRN) issued its quarterly earnings data on Tuesday, May, 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.08. The firm earned $208.22 million during the quarter, compared to analyst estimates of $207.10 million. Citi Trends had a net margin of 6.73% and a trailing twelve-month return on equity of 27.43%. During the same period in the prior year, the firm posted $3.23 earnings per share.

What guidance has Citi Trends issued on next quarter's earnings?

Citi Trends updated its FY 2022 earnings guidance on Tuesday, June, 21st. The company provided earnings per share guidance of $2.25-$2.75 for the period, compared to the consensus estimate of $3.52. The company issued revenue guidance of $860.00 million-$880.00 million, compared to the consensus revenue estimate of $914.83 million.

What other stocks do shareholders of Citi Trends own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Citi Trends investors own include Citigroup (C), Tapestry (TPR), Tesla (TSLA), Verizon Communications (VZ), International Business Machines (IBM), Pfizer (PFE), Walgreens Boots Alliance (WBA), Wells Fargo & Company (WFC), AbbVie (ABBV) and Broadcom (AVGO).

What is Citi Trends' stock symbol?

Citi Trends trades on the NASDAQ under the ticker symbol "CTRN."

Who are Citi Trends' major shareholders?

Citi Trends' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (11.53%), Jennison Associates LLC (6.30%), Paradigm Capital Management Inc. NY (5.56%), Cambria Investment Management L.P. (1.67%), Royce & Associates LP (1.47%) and Landscape Capital Management L.L.C. (1.29%). Insiders that own company stock include Charles J Hynes, Christina M Francis, Christina Short, David N Makuen, Ivy D Council, James A Dunn, James A Dunn, Jason Moschner, Jessica Berkowitz, Jonathan Duskin, Kenneth Duane Seipel, Lisa A Powell, Margaret L Jenkins and Peter R Sachse.
View institutional ownership trends
.

How do I buy shares of Citi Trends?

Shares of CTRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Citi Trends' stock price today?

One share of CTRN stock can currently be purchased for approximately $28.16.

How much money does Citi Trends make?

Citi Trends (NASDAQ:CTRN) has a market capitalization of $236.40 million and generates $991.59 million in revenue each year. The company earns $62.24 million in net income (profit) each year or $7.14 on an earnings per share basis.

How many employees does Citi Trends have?

The company employs 5,400 workers across the globe.

When was Citi Trends founded?

Citi Trends was founded in 1946.

How can I contact Citi Trends?

Citi Trends' mailing address is 104 COLEMAN BOULEVARD, SAVANNAH GA, 31408. The official website for the company is www.cititrends.com. The company can be reached via phone at (912) 236-1561 or via fax at 912-443-3663.

This page (NASDAQ:CTRN) was last updated on 8/10/2022 by MarketBeat.com Staff

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