Ready to Jump After Recent Trade: Citi Trends Inc. (CTRN)

Citi Trends Inc. (NASDAQ: CTRN) stock jumped 4.24% on Wednesday to $23.13 against a previous-day closing price of $22.19. With 0.22 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.22 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $23.19 whereas the lowest price it dropped to was $21.75. The 52-week range on CTRN shows that it touched its highest point at $97.14 and its lowest point at $15.48 during that stretch. It currently has a 1-year price target of $32.25. Beta for the stock currently stands at 2.12.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CTRN was up-trending over the past week, with a rise of 12.06%, but this was up by 5.14% over a month. Three-month performance dropped to -0.98% while six-month performance fell -25.34%. The stock lost -74.63% in the past year, while it has lost -75.59% so far this year. A look at the trailing 12-month EPS for CTRN yields 5.46 with Next year EPS estimates of 2.06. For the next quarter, that number is -0.04. This implies an EPS growth rate of 197.40% for this year and 101.86% for next year. EPS is expected to grow by 24.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 50.00%.

Float and Shares Shorts:

At present, 8.16 million CTRN shares are outstanding with a float of 7.99 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.91 million, which was 10.91% higher than short shares on Sep 14, 2022. In addition to Mr. Peter R. Sachse as the firm’s Exec. Chairman, Mr. David N. Makuen serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 97.39% of CTRN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.45% of CTRN, in contrast to 46.04% held by mutual funds. Shares owned by individuals account for 39.99%. As the largest shareholder in CTRN with 11.90% of the stake, AllianceBernstein LP holds 996,785 shares worth 996,785. A second-largest stockholder of CTRN, Paradigm Capital Management, Inc., holds 748,200 shares, controlling over 8.93% of the firm’s shares. Jennison Associates LLC is the third largest shareholder in CTRN, holding 559,578 shares or 6.68% stake. With a 7.65% stake in CTRN, the Victory Sycamore Small Company Op is the largest stakeholder. A total of 640,600 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.11% of CTRN stock, is the second-largest Mutual Fund holder. It holds 260,469 shares valued at 5.89 million. PGIM Jennison Small Company Fund holds 2.85% of the stake in CTRN, owning 238,926 shares worth 5.4 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CTRN since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CTRN analysts setting a high price target of $50.00 and a low target of $22.00, the average target price over the next 12 months is $33.25. Based on these targets, CTRN could surge 116.17% to reach the target high and fall by -4.89% to reach the target low. Reaching the average price target will result in a growth of 43.75% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CTRN will report FY 2023 earnings on 03/17/2023. Analysts have provided yearly estimates in a range of $1.12 being high and $1.00 being low. For CTRN, this leads to a yearly average estimate of $1.06. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Citi Trends Inc. surprised analysts by -$0.41 when it reported -$0.31 EPS against a consensus estimate of $0.10. The surprise factor in the prior quarter was $0.14. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.02.

Dividends & Yield:

In terms of dividends, CTRN has a dividend of $0.28 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and CTRN currently yields $0.08. In the past year, CTRN’s dividend yield has been $0.08, but when looking at the stock over the past five years, its yield has been $1.37. Accordingly, CTRN has a current buyback yield of $34.37. This was $34.37 for the TTM, and it was $16.49 for the past five years.

Summary of Insider Activity:

Insiders traded CTRN stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 7,000 shares were bought while 7,000 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 110,091 while 58,490 shares were sold.

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