What 4 Analyst Ratings Have To Say About Citi Trends
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 current average has risen by 1.67% from the previous average price target of $30.00.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Citi Trends among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jeremy Hamblin | Craig-Hallum | Lowers | Hold | $25.00 | $27.00 |
| John Lawrence | Benchmark | Maintains | Buy | $35.00 | $35.00 |
| John Lawrence | Benchmark | Maintains | Buy | $35.00 | - |
| Jeremy Hamblin | Craig-Hallum | Lowers | Hold | $27.00 | $28.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Citi Trends. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Citi Trends compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Citi Trends's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Citi Trends's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
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Delving into Citi Trends's Background
Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States. 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.
Citi Trends: A Financial Overview
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Citi Trends showcased positive performance, achieving a revenue growth rate of 2.73% as of 31 January, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Citi Trends's net margin is impressive, surpassing industry averages. With a net margin of 1.65%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Citi Trends's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.29% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Citi Trends's ROA stands out, surpassing industry averages. With an impressive ROA of 0.69%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Citi Trends's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.49.
How Are Analyst Ratings Determined?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.