Citi Trends (CTRN) Expected to Announce Earnings on Tuesday

Citi Trends (NASDAQ:CTRN) is anticipated to announce its earnings results 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. Investors interested in participating in the company’s conference call can do so using this link.

Citi Trends Trading Up 4.7 %

Shares of NASDAQ CTRN opened at $20.65 on Monday. Citi Trends has a 12 month low of $13.65 and a 12 month high of $31.26. The stock has a 50 day moving average of $25.47 and a 200-day moving average of $21.96. The company has a market capitalization of $179.86 million, a P/E ratio of -6.73 and a beta of 2.29.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CTRN shares. Craig Hallum raised Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Monday, February 10th. StockNews.com raised Citi Trends from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, DA Davidson upped their target price on Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th.

Insider Activity

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $26.44, for a total value of $317,280.00. Following the sale, the director now directly owns 33,396 shares in the company, valued at $882,990.24. The trade was a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

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.