Citi Trends (CTRN) to Release Quarterly Earnings on Tuesday

Citi Trends (NASDAQ:CTRN) is scheduled to post its quarterly earnings results before the market opens on Tuesday, August 27th. Investors that wish to register for the company’s conference call can do so using this link.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results on Tuesday, June 4th. The company reported ($0.32) EPS for the quarter. Citi Trends had a negative net margin of 1.16% and a negative return on equity of 4.99%. The business had revenue of $186.29 million for the quarter.

Citi Trends Trading Up 5.3 %

NASDAQ CTRN opened at $15.95 on Monday. Citi Trends has a 12 month low of $15.11 and a 12 month high of $32.90. The stock’s 50 day moving average is $18.71 and its 200 day moving average is $23.24. The stock has a market cap of $137.09 million, a PE ratio of -14.77 and a beta of 2.39.

Insider Activity at Citi Trends

In other Citi Trends news, CEO Kenneth Duane Seipel acquired 86,998 shares of the stock in a transaction on Wednesday, July 10th. The stock was acquired at an average price of $18.96 per share, for a total transaction of $1,649,482.08. Following the completion of the transaction, the chief executive officer now directly owns 123,916 shares of the company’s stock, valued at $2,349,447.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Kenneth Duane Seipel acquired 86,998 shares of Citi Trends stock in a transaction on Wednesday, July 10th. The shares were bought at an average cost of $18.96 per share, with a total value of $1,649,482.08. Following the completion of the purchase, the chief executive officer now directly owns 123,916 shares of the company’s stock, valued at approximately $2,349,447.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Fund 1 Investments, Llc acquired 3,000 shares of the stock in a transaction dated Monday, July 15th. The stock was bought at an average cost of $20.06 per share, with a total value of $60,180.00. Following the completion of the purchase, the insider now directly owns 2,571,986 shares in the company, valued at $51,594,039.16. The disclosure for this purchase can be found here. Insiders have acquired a total of 484,461 shares of company stock valued at $9,890,483 over the last 90 days. 3.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Craig Hallum dropped their price objective on shares of Citi Trends from $27.00 to $25.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. Benchmark reissued a “buy” rating and set a $35.00 price target on shares of Citi Trends in a research note on Wednesday, June 5th.

Citi Trends Company Profile

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.