Citi Trends (NASDAQ:CTRN) Issues Earnings Results

Citi Trends (NASDAQ:CTRN) released its quarterly earnings data on Tuesday. The company reported ($1.55) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($1.73), Zacks reports. Citi Trends had a negative return on equity of 14.43% and a negative net margin of 3.36%. The business had revenue of $211.17 million during the quarter, compared to analyst estimates of $211.54 million. During the same period in the prior year, the firm earned $0.53 EPS.

Citi Trends Price Performance

NASDAQ:CTRN opened at $22.16 on Wednesday. Citi Trends has a fifty-two week low of $13.66 and a fifty-two week high of $29.50. The stock’s 50-day moving average is $25.29 and its two-hundred day moving average is $22.07. The stock has a market cap of $193.01 million, a PE ratio of -7.22 and a beta of 2.29.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CTRN. Craig Hallum raised shares of Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Monday, February 10th. DA Davidson boosted their price target on shares of Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised Citi Trends from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th.

Insider Buying and Selling at Citi Trends

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of Citi Trends stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $26.44, for a total transaction of $317,280.00. Following the transaction, the director now owns 33,396 shares of the company’s stock, valued at $882,990.24. The trade was a 26.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.80% of the company’s stock.

Citi Trends Company Profile

Citi Trends, Inc operates as a value 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 apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.