Citi Trends (CTRN) Issues Q1 2019 Earnings Guidance
Citi Trends (NASDAQ:CTRN) issued an update on its first quarter 2019 earnings guidance on Friday morning. The company provided EPS guidance of $0.83-0.87 for the period. Citi Trends also updated its FY 2019 guidance to $1.85-1.95 EPS.
Shares of NASDAQ CTRN opened at $20.47 on Friday. Citi Trends has a 1 year low of $17.78 and a 1 year high of $34.90. The stock has a market cap of $265.01 million, a PE ratio of 16.25 and a beta of 0.47.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Monday, March 4th. Citi Trends’s payout ratio is 25.40%.
In related news, Director Jonathan Duskin sold 15,000 shares of Citi Trends stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $19.63, for a total value of $294,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.41% of the stock is currently owned by company insiders.
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Citi Trends Company Profile
Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.
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