Citi Trends (CTRN) Projected to Post Quarterly Earnings on Tuesday

Citi Trends (NASDAQ:CTRN - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, March 18th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $211.54 million for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Citi Trends Trading Down 6.1 %

Shares of Citi Trends stock traded down $1.33 during trading on Tuesday, hitting $20.40. The stock had a trading volume of 94,278 shares, compared to its average volume of 85,110. Citi Trends has a 12 month low of $13.65 and a 12 month high of $31.88. The business's 50-day moving average is $25.93 and its 200 day moving average is $21.82. The firm has a market cap of $177.68 million, a price-to-earnings ratio of -6.64 and a beta of 2.29.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Craig Hallum raised Citi Trends from a "hold" rating to a "buy" rating and set a $36.00 price objective for the company in a report on Monday, February 10th. StockNews.com raised shares of Citi Trends from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th. Finally, DA Davidson lifted their price objective on shares of Citi Trends from $20.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th.

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Insider Buying and Selling

In other news, Director Jonathan Duskin sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $26.44, for a total transaction of $317,280.00. Following the completion of the sale, the director now owns 33,396 shares of the company's stock, valued at approximately $882,990.24. This represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.

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.