Citi Trends, Inc. operates as a value-priced retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear and footwear for men and ladies, as well as kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories. It also provides accessories and beauty products that include handbags, luggage, hats, belts, sunglasses, jewelry, and watches, as well as undergarments and outerwear for men and women. In addition, the company offers home and lifestyle products comprising home products for the bedroom, bathroom, kitchen, and decorative accessories; and food, tech, team sports, and health products, as well as seasonal items, books, and toys. It provides its products primarily to African American and Latinx families in the United States. As of January 30, 2021, the company operated 585 stores in urban and rural markets in 33 states. The company was formerly known as Allied Fashion, Inc. and changed its name to Citi Trends, Inc. in 2001. Citi Trends, Inc. was founded in 1946 and is headquartered in Savannah, Georgia.
IPO Year: 2005
Exchange: NASDAQ
Website: cititrends.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/19/2024 | Buy → Hold | Craig Hallum | |
8/23/2023 | $18.00 → $32.00 | Hold → Buy | Craig Hallum |
6/27/2023 | $21.00 | Buy | DA Davidson |
10/17/2022 | $18.00 | Reduce → Hold | Gordon Haskett |
5/20/2022 | $80.00 → $34.00 | Buy → Hold | Craig Hallum |
3/9/2022 | $100.00 → $65.00 | Outperform | Telsey Advisory Group |
2/10/2022 | $90.00 → $60.00 | Buy → Accumulate | Gordon Haskett |
12/1/2021 | $165.00 → $175.00 | Buy | Craig-Hallum |
9/21/2021 | $115.00 | Buy | The Benchmark Company |
9/21/2021 | $115.00 | Buy | Benchmark |
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4/A - Citi Trends Inc (0001318484) (Issuer)
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4 - Citi Trends Inc (0001318484) (Issuer)
4 - Citi Trends Inc (0001318484) (Issuer)
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Craig Hallum downgraded Citi Trends from Buy to Hold
Craig Hallum upgraded Citi Trends from Hold to Buy and set a new price target of $32.00 from $18.00 previously
DA Davidson initiated coverage of Citi Trends with a rating of Buy and set a new price target of $21.00
Gordon Haskett upgraded Citi Trends from Reduce to Hold and set a new price target of $18.00
Craig Hallum downgraded Citi Trends from Buy to Hold and set a new price target of $34.00 from $80.00 previously
Telsey Advisory Group reiterated coverage of Citi Trends with a rating of Outperform and set a new price target of $65.00 from $100.00 previously
Gordon Haskett downgraded Citi Trends from Buy to Accumulate and set a new price target of $60.00 from $90.00 previously
Craig-Hallum reiterated coverage of Citi Trends with a rating of Buy and set a new price target of $175.00 from $165.00 previously
The Benchmark Company initiated coverage of Citi Trends with a rating of Buy and set a new price target of $115.00
Benchmark initiated coverage of Citi Trends with a rating of Buy and set a new price target of $115.00
4 - Citi Trends Inc (0001318484) (Issuer)
4 - Citi Trends Inc (0001318484) (Issuer)
4 - Citi Trends Inc (0001318484) (Issuer)
4/A - Citi Trends Inc (0001318484) (Issuer)
4 - Citi Trends Inc (0001318484) (Issuer)
4 - Citi Trends Inc (0001318484) (Issuer)
4 - Citi Trends Inc (0001318484) (Issuer)
4 - Citi Trends Inc (0001318484) (Issuer)
4 - Citi Trends Inc (0001318484) (Issuer)
4 - Citi Trends Inc (0001318484) (Issuer)
Ken Seipel, a Successful Turnaround CEO in the Off-Price Retail Space and Veteran Board Member at Citi Trends, Appointed Interim CEO David Makuen, who Guided the Company Through the Pandemic and Served with Distinction, Steps Down as CEO and Board Member The Board Commences a Search Process for a Permanent CEO Additionally, the Company Released Preliminary First Quarter 2024 Results – Total Sales of $186.3 million, Comparable Sales Growth of 3.1% and EBITDA Loss of $0.8 million Citi Trends, Inc. (NASDAQ:CTRN) ("Citi Trends" or the "Company"), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural
The AZEK Company Inc. (NYSE:AZEK) ("AZEK" or the "Company"), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK® Trim, and StruXure™ pergolas, announced today the appointment of Harmit Singh and Pamela Edwards to its board of directors, effective September 14, 2023. Harmit Singh has also been appointed to AZEK's Compensation Committee and Pamela Edwards has been appointed to AZEK's Audit Committee. "We are excited to welcome both Harmit and Pam to AZEK's Board of Directors. Harmit and Pam bring deep leadership experience and proven track records driving stron
Citi Trends, Inc. (NASDAQ:CTRN), a growing specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and Latinx families in the United States, today announced that Heather Plutino has been appointed Chief Financial Officer effective June 27, 2022. Ms. Plutino joins Citi Trends after serving as Senior Vice President of Enterprise Financial Planning & Analysis and Commercial Finance at Bed Bath & Beyond. Prior to that, Ms. Plutino served as Group Vice President of Finance and Treasury at Sally Beauty Holdings. Ms. Plutino also previously served as Vice President and Treasurer at Ascena Retail Group and in a variety of finance roles at
Further diversifies Board with addition of two highly accomplished business leaders who serve the African American community Citi Trends, Inc. (NASDAQ:CTRN), a growing specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and Latinx families in the United States, today announced the appointment of two new independent directors. Christina Francis, President of Magic Johnson Enterprises, and Cara Sabin, CEO of Sundial Brands, will join the Company's Board of Directors, effective October 31, 2021. With these appointments, three out of seven independent directors of the Company will be African American females. This press release fea
Total sales growth of 1.7% to $176.6 million Significant actions taken to prepare for profitable growth Strong financial position with liquidity of approximately $134 million and no debt Single digit comparable store sales increase Q3 to-date Company provides Outlook for second half of Fiscal 2024 Citi Trends, Inc. (NASDAQ:CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the second quarter ended August 3, 2024. Financial Highlights – Second Quarter 2024 Total sales of $176.6 million increased 1.7% vs. Q2 2023; comparabl
Citi Trends, Inc. (NASDAQ:CTRN) today announced plans to release its earnings for the second quarter 2024 before the market opens on Tuesday, August 27, 2024. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. A live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on August 27, 2024, beginning at 9:00 a.m. ET. The online replay will follow shortly after the call and will be available for one year. The live conference call can also be accessed by dialing 1-877-407-0779. During the conference call, the Company may discuss and answer questions concerning business and
Total year-over-year sales growth of 3.7% to $186.3 million Comparable sales growth of 3.1%; Gross margin at 38.7% Balance sheet continues to have ample liquidity and no debt Company reiterates Fiscal 2024 EBITDA Outlook Citi Trends, Inc. (NASDAQ:CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the first quarter ended May 4, 2024. Financial Highlights – First Quarter 2024 Total sales of $186.3 million increased 3.7% vs. Q1 2023; comparable store sales, calculated on a shifted 13-week to 13-week basis, increased 3.1% compa
Citi Trends, Inc. (NASDAQ:CTRN) today announced plans to release its earnings for the first quarter 2024 before the market opens on Tuesday, June 4, 2024. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. A live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on June 4, 2024, beginning at 9:00 a.m. ET. The online replay will follow shortly after the call and will be available for one year. The live conference call can also be accessed by dialing 1-877-407-0779. During the conference call, the Company may discuss and answer questions concerning business and financ
Q4 2023 total sales of $215.2 million with gross margin of 39.1% Q4 2023 diluted EPS of $0.42; adjusted diluted EPS* of $0.53 Fiscal 2023 total sales of $747.9 million Company ends Fiscal 2023 with $155 million of liquidity, including $80 million of cash and no debt Company provides outlook for Fiscal 2024; expects mid-single digit comp increase Q1 2024 to date comp trend consistent with outlook Citi Trends, Inc. (NASDAQ:CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the fourth quarter and full year ended February 3, 202
Citi Trends, Inc. (NASDAQ:CTRN) today announced plans to release its earnings for the fourth quarter and full year 2023 before the market opens on Tuesday, March 19, 2024. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. The number to call for the live interactive teleconference is (212) 231-2921. A telephonic replay of the conference call will be available until March 28, 2023, by dialing (800) 633-8284 and entering the passcode, 22029021. The live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on March 19, 2024, beginning at 9:00 a.m. ET. The online replay will
Citi Trends, Inc. (NASDAQ:CTRN) ("Citi Trends" or the "Company") today announced that its Board of Directors (the "Board") has unanimously adopted a limited duration stockholder rights plan (the "Rights Plan"). The Rights Plan is intended to enable all stockholders to realize the full value of their investment in Citi Trends and will reduce the likelihood that any entity, person or group gains control of the Company through open-market accumulation without paying all stockholders an appropriate control premium. The Rights Plan is also intended to provide the Board sufficient time to make informed judgments and take actions that are in the best interests of Citi Trends and all of its stock
Total third quarter sales of $179.5 million; Year-to-date total sales of $532.8 million Strong gross margin of 38.2%; Year-to-date gross margin of 37.7%, or 37.8% as adjusted* Total liquidity of $135 million and no debt Improved topline momentum fourth quarter to date Company provides updated fiscal 2023 guidance Citi Trends, Inc. (NASDAQ:CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the third quarter ended October 28, 2023. Financial Highlights – Third Quarter 2023 Total sales of $179.5 million decreased 6.7% vs. Q3
Citi Trends, Inc. (NASDAQ:CTRN) today announced plans to release its earnings for the third quarter 2023 before the market opens on Tuesday, November 28, 2023. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. The number to call for the live interactive teleconference is (312) 281-2972. A telephonic replay of the conference call will be available until December 5, 2023, by dialing (800) 633-8284 and entering the passcode, 22028257. The live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on November 28, 2023, beginning at 9:00 a.m. ET. The online replay will follow
Citi Trends, Inc. (NASDAQ:CTRN) today announced plans to release its earnings for the second quarter 2023 before the market opens on Tuesday, August 22, 2023. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. The number to call for the live interactive teleconference is (415) 226-5356. A telephonic replay of the conference call will be available until August 29, 2023, by dialing (800) 633-8284 and entering the passcode, 22027692. The live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on August 22, 2023, beginning at 9:00 a.m. ET. The online replay will follow sho
Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Zevra Therapeutics The Trade: Zevra Therapeutics, Inc. (NASDAQ:ZVRA) CFO & Treasurer R. Laduane Clifton acquired a total o
Although U.S. stocks closed higher on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Appian The Trade: Appian Corporation (NASDAQ:APPN) 10% owner Colin T. Moran acquired a total of 545,121 shares at an average
Although U.S. stocks closed mixed on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Appian The Trade: Appian Corporation (NASDAQ:APPN) 10% owner Colin T. Moran acquired a total of 610,222 shares at an average
Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Tilly’s The Trade: Tilly’s, Inc. (NYSE:TLYS) 10% owner Pleasant Lake Partners LLC acquired a total of 116,675 shares at an
Although U.S. stocks closed mixed on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. PBF Energy The Trade: PBF Energy Inc. (NYSE:PBF) 10% owner Empresarial de Capitales S.A. de C.V. acquired a total of 700,000
Although U.S. stocks closed mixed on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Exxon Mobil The Trade: Exxon Mobil Corporation (NYSE:XOM) Director Maria S. Dreyfus acquired a total of 18,310 shares at an
Although U.S. stocks closed mixed on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Citi Trends The Trade: Citi Trends, Inc. (NASDAQ:CTRN) 10% owner Pleasant Lake Partners LLC acquired a total of 75,015 shares
Although U.S. stocks closed lower on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Occidental Petroleum The Trade: Occidental Petroleum Corporation (NYSE:OXY) 10% owner Warren E Buffett acquired a total of 2,
4 analysts have shared their evaluations of Citi Trends (NASDAQ:CTRN) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0 0 Last 30D 1 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $30.5, a high estimate of $35.00, and a low estimate of $25.00. Witnessing a positive shift, the curr
Craig-Hallum analyst Jeremy Hamblin maintains Citi Trends (NASDAQ:CTRN) with a Hold and lowers the price target from $27 to $25.
Total sales growth of 1.7% to $176.6 million Significant actions taken to prepare for profitable growth Strong financial position with liquidity of approximately $134 million and no debt Single digit comparable store sales increase Q3 to-date Company provides Outlook for second half of Fiscal 2024 Citi Trends, Inc. (NASDAQ:CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the second quarter ended August 3, 2024. Financial Highlights – Second Quarter 2024 Total sales of $176.6 million increased 1.7% vs. Q2 2023; comparabl
Citi Trends, Inc. (NASDAQ:CTRN) today announced plans to release its earnings for the second quarter 2024 before the market opens on Tuesday, August 27, 2024. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. A live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on August 27, 2024, beginning at 9:00 a.m. ET. The online replay will follow shortly after the call and will be available for one year. The live conference call can also be accessed by dialing 1-877-407-0779. During the conference call, the Company may discuss and answer questions concerning business and
Total year-over-year sales growth of 3.7% to $186.3 million Comparable sales growth of 3.1%; Gross margin at 38.7% Balance sheet continues to have ample liquidity and no debt Company reiterates Fiscal 2024 EBITDA Outlook Citi Trends, Inc. (NASDAQ:CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the first quarter ended May 4, 2024. Financial Highlights – First Quarter 2024 Total sales of $186.3 million increased 3.7% vs. Q1 2023; comparable store sales, calculated on a shifted 13-week to 13-week basis, increased 3.1% compa
Ken Seipel, a Successful Turnaround CEO in the Off-Price Retail Space and Veteran Board Member at Citi Trends, Appointed Interim CEO David Makuen, who Guided the Company Through the Pandemic and Served with Distinction, Steps Down as CEO and Board Member The Board Commences a Search Process for a Permanent CEO Additionally, the Company Released Preliminary First Quarter 2024 Results – Total Sales of $186.3 million, Comparable Sales Growth of 3.1% and EBITDA Loss of $0.8 million Citi Trends, Inc. (NASDAQ:CTRN) ("Citi Trends" or the "Company"), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural
Citi Trends, Inc. (NASDAQ:CTRN) today announced plans to release its earnings for the first quarter 2024 before the market opens on Tuesday, June 4, 2024. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. A live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on June 4, 2024, beginning at 9:00 a.m. ET. The online replay will follow shortly after the call and will be available for one year. The live conference call can also be accessed by dialing 1-877-407-0779. During the conference call, the Company may discuss and answer questions concerning business and financ
Q4 2023 total sales of $215.2 million with gross margin of 39.1% Q4 2023 diluted EPS of $0.42; adjusted diluted EPS* of $0.53 Fiscal 2023 total sales of $747.9 million Company ends Fiscal 2023 with $155 million of liquidity, including $80 million of cash and no debt Company provides outlook for Fiscal 2024; expects mid-single digit comp increase Q1 2024 to date comp trend consistent with outlook Citi Trends, Inc. (NASDAQ:CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the fourth quarter and full year ended February 3, 202
Citi Trends, Inc. (NASDAQ:CTRN) today announced plans to release its earnings for the fourth quarter and full year 2023 before the market opens on Tuesday, March 19, 2024. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. The number to call for the live interactive teleconference is (212) 231-2921. A telephonic replay of the conference call will be available until March 28, 2023, by dialing (800) 633-8284 and entering the passcode, 22029021. The live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on March 19, 2024, beginning at 9:00 a.m. ET. The online replay will
Reaches Cooperation Agreement with Fund 1 Investments Citi Trends, Inc. (NASDAQ:CTRN) ("Citi Trends" or the "Company"), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today announced that it will nominate three new independent directors—David Heath, Charles Liu and Michael Kvitko—for election to the Company's Board of Directors (the "Board") at the 2024 Annual Meeting of Stockholders (the "2024 Annual Meeting"). Prior to the 2024 Annual Meeting, Messrs. Heath, Liu and Kvitko will serve as non-voting Board observers. They have been designated pursuant to a cooperat
Total Holiday Sales for the quarter-to-date period ending January 6, 2024 of $179.5 million, at the high end of expectations Comp sales decreased -0.3% compared to Fiscal 2022, a significant trend improvement Reaffirms 2023 guidance including expected year end cash balance of $80 million to $90 million Citi Trends, Inc. (NASDAQ:CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today announced results for its holiday selling period. Total sales for the quarter-to-date period ending January 6, 2024 of $179.5 million compared to $181.9 million in the same p
Citi Trends, Inc. (NASDAQ:CTRN) ("Citi Trends" or the "Company") today announced that its Board of Directors (the "Board") has unanimously adopted a limited duration stockholder rights plan (the "Rights Plan"). The Rights Plan is intended to enable all stockholders to realize the full value of their investment in Citi Trends and will reduce the likelihood that any entity, person or group gains control of the Company through open-market accumulation without paying all stockholders an appropriate control premium. The Rights Plan is also intended to provide the Board sufficient time to make informed judgments and take actions that are in the best interests of Citi Trends and all of its stock