Citi Trends (CTRN) Expected to Announce Quarterly Earnings on Tuesday

Citi Trends (NASDAQ:CTRN) is expected 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 registering for the company’s conference call can do so using this link.

Citi Trends Trading Up 4.7 %

Shares of CTRN opened at $20.65 on Friday. The firm has a market cap of $179.86 million, a PE ratio of -6.73 and a beta of 2.29. The firm has a fifty day simple moving average of $25.47 and a two-hundred day simple moving average of $21.91. Citi Trends has a 1-year low of $13.65 and a 1-year high of $31.26.

Insider Transactions at Citi Trends

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of the 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 completion of the sale, the director now owns 33,396 shares in the company, valued at approximately $882,990.24. This represents a 26.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on CTRN. Craig Hallum upgraded Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, February 10th. DA Davidson upped their price objective on Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded Citi Trends from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th.

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.