Citi Trends (NASDAQ:CTRN) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $1.30-1.50 for the period. Citi Trends also updated its FY 2019 guidance to $1.30-1.50 EPS.

A number of brokerages recently commented on CTRN. BidaskClub raised Citi Trends from a sell rating to a hold rating in a research note on Friday, April 5th. Sidoti began coverage on Citi Trends in a research note on Friday, February 22nd. They set a buy rating and a $28.00 price objective for the company. Finally, ValuEngine cut Citi Trends from a hold rating to a sell rating in a research note on Tuesday, April 23rd.

NASDAQ:CTRN opened at $17.20 on Thursday. Citi Trends has a 1 year low of $17.00 and a 1 year high of $34.90. The stock has a market capitalization of $216.45 million, a price-to-earnings ratio of 10.49 and a beta of 0.42.

Citi Trends (NASDAQ:CTRN) last posted its earnings results on Friday, March 15th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. Citi Trends had a return on equity of 10.67% and a net margin of 2.78%. The firm had revenue of $201.16 million during the quarter, compared to analysts’ expectations of $215.00 million. During the same period in the previous year, the firm earned $0.38 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. Equities research analysts predict that Citi Trends will post 1.9 EPS for the current year.

In other Citi Trends news, SVP Christina Short sold 2,000 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $19.34, for a total value of $38,680.00. Following the completion of the transaction, the senior vice president now directly owns 9,324 shares of the company’s stock, valued at $180,326.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.19% of the stock is currently owned by insiders.

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About Citi Trends

Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. 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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