Citi Trends, Inc. (CTRN) to Issue Quarterly Dividend of $0.08
Citi Trends, Inc. (NASDAQ:CTRN) declared a quarterly dividend on Wednesday, November 15th, NASDAQ reports. Investors of record on Tuesday, November 28th will be given a dividend of 0.08 per share on Tuesday, December 12th. This represents a $0.32 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Monday, November 27th.
Citi Trends (NASDAQ:CTRN) opened at $24.22 on Wednesday. The firm has a market cap of $302.48, a PE ratio of 21.37 and a beta of 0.42. Citi Trends has a 1 year low of $15.54 and a 1 year high of $26.25.
Citi Trends (NASDAQ:CTRN) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.05 EPS for the quarter. The company had revenue of $176.90 million during the quarter, compared to the consensus estimate of $171.30 million. Citi Trends had a net margin of 1.88% and a return on equity of 6.93%. Citi Trends’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.06) EPS.
Several analysts have recently weighed in on CTRN shares. BidaskClub cut shares of Citi Trends from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. TheStreet raised shares of Citi Trends from a “c+” rating to a “b-” rating in a research report on Monday, October 16th.
Citi Trends Company Profile
Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.
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