Citi Trends (NASDAQ:CTRN) Receives “Buy” Rating from DA Davidson

Citi Trends (NASDAQ:CTRN)‘s stock had its “buy” rating reissued by stock analysts at DA Davidson in a research note issued on Wednesday,Benzinga reports. They currently have a $68.00 price objective on the stock. DA Davidson’s target price would indicate a potential upside of 47.47% from the stock’s current price.

A number of other research firms have also recently commented on CTRN. Weiss Ratings upgraded Citi Trends from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Craig Hallum reiterated a “buy” rating on shares of Citi Trends in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

Citi Trends Price Performance

Citi Trends stock opened at $46.11 on Wednesday. Citi Trends has a 1-year low of $28.25 and a 1-year high of $56.78. The stock has a market cap of $385.48 million, a PE ratio of 78.15 and a beta of 1.88. The stock’s fifty day moving average is $45.07 and its two-hundred day moving average is $44.78.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.59. Citi Trends had a negative return on equity of 4.78% and a net margin of 0.64%.The company had revenue of $230.86 million for the quarter, compared to analysts’ expectations of $217.42 million. During the same period last year, the firm earned $0.11 earnings per share.

Insider Transactions at Citi Trends

In other Citi Trends news, Director Margaret L. Jenkins sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $45.91, for a total transaction of $91,820.00. Following the transaction, the director owned 14,163 shares in the company, valued at approximately $650,223.33. The trade was a 12.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 9.60% of the company’s stock.

Institutional Investors Weigh In On Citi Trends

Several institutional investors have recently modified their holdings of the company. Sei Investments Co. boosted its stake in shares of Citi Trends by 101.7% during the 1st quarter. Sei Investments Co. now owns 45,536 shares of the company’s stock worth $1,973,000 after acquiring an additional 22,964 shares in the last quarter. State of Wyoming purchased a new stake in shares of Citi Trends during the 1st quarter worth approximately $397,000. Meeder Asset Management Inc. lifted its stake in shares of Citi Trends by 40.5% during the 1st quarter. Meeder Asset Management Inc. now owns 2,315 shares of the company’s stock worth $100,000 after purchasing an additional 667 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Citi Trends by 73.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 15,880 shares of the company’s stock worth $688,000 after buying an additional 6,700 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Citi Trends by 50.0% in the 1st quarter. Principal Financial Group Inc. now owns 18,330 shares of the company’s stock valued at $794,000 after purchasing an additional 6,112 shares in the last quarter.

Trending Headlines about Citi Trends

Here are the key news stories impacting Citi Trends this week:

• Positive Sentiment: Q1 sales rose 14.4% to $230.9 million, with comparable store sales up 13.9%, showing broad-based demand improvement across the chain. CITITRENDS Announces First Quarter Fiscal 2026 Results
• Positive Sentiment: Adjusted EBITDA more than doubled year over year to $13.9 million, and net income reached $7.8 million, indicating better operating leverage and profitability. Citi Trends Inc (CTRN) Q1 2026 Earnings Call Highlights: Strong Sales Growth Amid Fuel Cost …
• Positive Sentiment: The company beat expectations sharply, reporting EPS of $0.91 versus the $0.32 consensus and revenue of $230.86 million versus $217.42 million expected. Citi Trends earnings report and conference call
• Positive Sentiment: Management reaffirmed and increased 2026 adjusted EBITDA guidance, while revenue guidance of $893.8 million to $910.2 million was above the Street view. Correction: CITITRENDS Announces First Quarter Fiscal 2026 Results

About Citi Trends

Citi Trends, Inc (NASDAQ: CTRN) is an off-price retail apparel chain that focuses on value-priced urban fashion apparel and accessories for men, women, and children. Headquartered in Savannah, Georgia, the company offers a broad assortment of merchandise, including denim, sportswear, activewear, and seasonal styles, complemented by footwear, jewelry, cosmetics, and home goods. Through its purchasing model, Citi Trends sources closeouts, overstocks and canceled orders from name-brand vendors, enabling it to offer trending styles at competitive price points.

The company operates more than 500 stores across the Southeastern and Mid-Atlantic regions of the United States, with typical store footprints of approximately 11,000 square feet.