Citi Trends (CTRN) Earning Somewhat Favorable News Coverage, Analysis Shows

News headlines about Citi Trends (NASDAQ:CTRN) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Citi Trends earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.7668308086632 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Citi Trends (CTRN) traded up $0.43 during trading on Friday, reaching $21.66. 168,969 shares of the company were exchanged, compared to its average volume of 64,119. The company has a market capitalization of $297.67, a P/E ratio of 21.03 and a beta of 0.42. Citi Trends has a 12 month low of $15.54 and a 12 month high of $22.63.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.32 dividend on an annualized basis and a yield of 1.48%. Citi Trends’s dividend payout ratio (DPR) is 35.16%.

Several research analysts have recently issued reports on the stock. TheStreet downgraded shares of Citi Trends from a “b” rating to a “c+” rating in a research note on Wednesday, September 6th. BidaskClub downgraded shares of Citi Trends from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.

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Citi Trends Company Profile

Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.

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