As of September 13, 2023, Citi Trends, a renowned retail company specializing in trendy clothing and accessories for individuals of all ages, continues to captivate the attention of investors. Analyst John Lawrence, from Benchmark, expresses his confidence in Citi Trends as an attractive investment opportunity, reaffirming his Buy rating on the company’s stock.
Lawrence’s unwavering conviction is further evidenced by his maintained price target of $35 for Citi Trends, indicating his belief that the stock is currently undervalued and possesses significant potential for future growth. For those intrigued by Citi Trends, it is advisable to carefully consider Lawrence’s analysis while also conducting personal research to ensure informed investment decisions. Citi Trends, Inc.
CTRN Strong Buy Updated on: 13/09/2023 Financial Health Very Healthy Debt to equity ratio: Strong Buy Price to earnings ratio: Buy Price to book ratio: Strong Buy DCF: Strong Buy ROE: Buy Show more Price Target Current $21.36 Concensus $32.00 Low $32.00 Median $32.00 High $32.00 Show more Social Sentiments We did not find social sentiment data for this stock Analyst Ratings Analyst / firm Rating Jeremy Hamblin Craig-Hallum Buy Show more CTRN Stock Analysis: Mixed Performance on September 13, 2023 with Positive Earnings Growth On September 13, 2023, CTRN stock had a mixed performance.
The stock opened at $21.71, slightly lower than the previous close of $21.77. Throughout the day, it traded in a range between $21.36 and $22.00. The trading volume for the day was 29,895, significantly lower than the average volume of 132,912 over the past three months. CTRN, or Citi Trends Inc., is a company in the retail trade sector, specifically the apparel/footwear retail industry.
It has a market capitalization of $189.5 million. The company has shown some positive earnings growth in the past year, with a growth rate of +2.63%. However, the earnings growth for this year is -182.98%, indicating a significant decline. Looking ahead, the company is expected to have a strong earnings growth rate of +25.00% over the next five years. The revenue growth for CTRN in the past year was -19.83%, which suggests a decline in sales.
The P/E ratio for the stock is 8.9, indicating that it is relatively undervalued compared to its earnings. The price/sales ratio is 0.33, and the price/book ratio is 1.11. In terms of market performance on September 13, 2023, CTRN stock experienced a slight decline of -0.14 (-1.95%). This decrease in stock price may be attributed to various factors such as market conditions, investor sentiment, or company-specific news. Looking ahead, the next reporting date for CTRN is November 28, 2023.
The earnings per share forecast for this quarter is -$0.11, suggesting a potential loss. In the previous year, the company generated annual revenue of $795.0 million and a profit of $58.9 million. The net profit margin for CTRN is 7.41%, indicating that the company retains a reasonable portion of its revenue as profit. CTRN is headquartered in Savannah, Georgia, and currently does not have any executives listed. Overall, CTRN stock had a mixed performance on September 13, 2023.
While the stock opened slightly lower and experienced a small decline during the day, the company has shown some positive earnings growth in the past and is expected to have strong growth in the future. Investors should closely monitor the company’s financial performance and any upcoming news or announcements that may impact the stock. Citi Trends Inc (CTRN) Stock Shows Positive Performance and Potential for Growth: Analysts Recommend Buying On September 13, 2023, Citi Trends Inc (CTRN) stock experienced positive performance.
The 12-month price forecasts from four analysts indicated a median target of $29.50, with a high estimate of $35.00 and a low estimate of $23.00. This median estimate represents a significant increase of 37.66% from the last recorded price of $21.43. The consensus among the four polled investment analysts is to buy stock in Citi Trends Inc.
This rating has remained steady since August, indicating a consistent positive sentiment towards the company’s stock. Investors and analysts believe that Citi Trends Inc has potential for growth and consider it a favorable investment opportunity. Citi Trends Inc’s current quarter earnings per share stands at -$0.11, indicating a loss.
However, the company’s sales for the current quarter are reported at $188.3 million, suggesting a strong revenue stream. These figures will be further analyzed and evaluated by investors and analysts to assess the company’s overall financial health. The next reporting date for Citi Trends Inc’s financial results is scheduled for November 28.
This date will be crucial for investors as they await the company’s performance update and further insights into its financial standing. Overall, Citi Trends Inc’s stock performance on September 13, 2023, appears positive. The median target price forecasts indicate potential for significant growth, and the consensus among analysts is to buy the stock.
However, investors should closely monitor the company’s financial results and any updates provided on November 28 to make informed investment decisions.