Item 5. Market for Registrant’s Common Equity
ITEM 5.
MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded on The NASDAQ Stock Market under the symbol “CTRN.” On March 15, 2022, there were 35 holders of record and approximately 10,000 beneficial holders of our common stock.
Dividends
On April 28, 2020, the Company announced the suspension of future cash dividends due to the current economic uncertainty stemming from the COVID-19 pandemic. Any determination to declare and pay cash dividends in the future will be made by the Company’s board of directors.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers.
The number of shares of common stock that we repurchased during the fourth quarter of fiscal 2021 and the average price paid per share are as follows:
Total number of
Maximum number (or
shares purchased as
approximate dollar value)
Total number
Average
part of publicly
of shares that may yet be
of shares
price paid
announced plans or
purchased under the
Period
purchased
per share (1)
programs (2)
plans or programs (2)
November (10/31/21 - 11/27/21)
77,325
$
86.13
77,325
$
1,423,234
December (11/28/21 - 1/1/21)
17,994
$
78.82
17,994
$
30,005,235
January (1/2/22 - 1/29/22)
—
$
—
—
$
30,005,235
Total
95,319
95,319
(1) Includes commissions for the shares repurchased under the stock repurchase program.
(2) On November 30, 2021, the Company announced that its board of directors approved a $30 million stock repurchase program. On March 15, 2022, the Company announced that its board of directors approved an additional $30 million stock repurchase program. The stock repurchase programs do not have expiration dates.
Equity Compensation Plan Information.
See Item 12 of this Report.
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Stock Performance Graph
Set forth below is a line graph comparing the last five years’ percentage change in the cumulative total stockholder return on shares of our common stock against the cumulative total returns of the Russell 2000 Index and the NASDAQ Retail Trade Index. This graph assumes that $100 was invested on January 31, 2017 in our common stock and in each of the market index and the industry index, and that all cash distributions were reinvested. Our common stock price performance shown on the graph is not indicative of future price performance.
Total Return Analysis
1/17
1/18
1/19
1/20
1/21
1/22
Citi Trends, Inc.
100.00
148.73
131.32
151.97
386.58
319.22
Russell 2000 Index
100.00
117.18
113.05
123.47
160.72
158.78
NASDAQ Retail Trade
100.00
152.24
161.79
187.53
298.48
281.88
ITEM 6. RESERVED
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