Citi Trends (NASDAQ:CTRN) Releases FY 2020 Pre-Market Earnings Guidance


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Citi Trends (NASDAQ:CTRN) issued an update on its FY 2020
Pre-Market earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.85-1.95 for the period. Citi Trends also updated its Q4 2020
Pre-Market guidance to 1.22-1.32 EPS.

CTRN stock opened at $59.60 on Thursday. Citi Trends has a 1 year low of $6.70 and a 1 year high of $61.87. The stock’s 50 day moving average price is $44.74 and its 200 day moving average price is $28.48. The firm has a market cap of $604.28 million, a P/E ratio of 42.27 and a beta of 1.64.

Citi Trends (NASDAQ:CTRN) last posted its earnings results on Tuesday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter. Citi Trends had a return on equity of 10.32% and a net margin of 2.07%. The firm had revenue of $199.10 million for the quarter.

Separately, BidaskClub upgraded Citi Trends from a buy rating to a strong-buy rating in a report on Thursday, September 17th.

In other Citi Trends news, VP Charles J. Hynes sold 1,419 shares of the company’s stock in a transaction dated Wednesday, December 9th. The shares were sold at an average price of $43.51, for a total value of $61,740.69. Following the completion of the transaction, the vice president now directly owns 9,844 shares of the company’s stock, valued at approximately $428,312.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Christina Short sold 2,600 shares of the company’s stock in a transaction dated Thursday, December 10th. The shares were sold at an average price of $41.49, for a total transaction of $107,874.00. Following the completion of the transaction, the senior vice president now directly owns 9,544 shares of the company’s stock, valued at $395,980.56. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

About Citi Trends

Citi Trends, Inc operates as a value-priced retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear for men and women, as well as children, including newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional bedroom, bathroom, and kitchen products, as well as beauty products and toys.

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