Citi Trends (CTRN) Scheduled to Post Earnings on Tuesday

Citi Trends (NASDAQ:CTRN) is set to issue its quarterly earnings data before the market opens on Tuesday, August 27th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Citi Trends (NASDAQ:CTRN) last posted its earnings results on Tuesday, June 4th. The company reported ($0.32) earnings per share 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 Price Performance

Shares of NASDAQ CTRN opened at $15.95 on Friday. The firm’s 50-day moving average is $18.71 and its two-hundred day moving average is $23.28. The company has a market capitalization of $137.09 million, a PE ratio of -14.77 and a beta of 2.39. Citi Trends has a 12-month low of $15.11 and a 12-month high of $32.90.

Analysts Set New Price Targets

CTRN has been the subject of several research reports. Benchmark restated a “buy” rating and set a $35.00 price objective on shares of Citi Trends in a research report on Wednesday, June 5th. Craig Hallum cut their price target on Citi Trends from $27.00 to $25.00 and set a “hold” rating for the company in a report on Wednesday, June 5th.

Insider Buying and Selling at Citi Trends

In other news, major shareholder Fund 1 Investments, Llc purchased 7,835 shares of the stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average cost of $24.02 per share, for a total transaction of $188,196.70. Following the completion of the acquisition, the insider now directly owns 2,159,362 shares in the company, valued at approximately $51,867,875.24. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Citi Trends news, major shareholder Fund 1 Investments, Llc purchased 7,835 shares of Citi Trends stock in a transaction on Wednesday, June 5th. The shares were bought at an average price of $24.02 per share, with a total value of $188,196.70. Following the purchase, the insider now directly owns 2,159,362 shares in the company, valued at approximately $51,867,875.24. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kenneth Duane Seipel acquired 135,128 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were acquired at an average price of $19.06 per share, for a total transaction of $2,575,539.68. Following the acquisition, the chief executive officer now directly owns 319,562 shares of the company’s stock, valued at $6,090,851.72. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 484,461 shares of company stock worth $9,890,483. Corporate insiders own 3.80% of the company’s stock.

About Citi Trends

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.