Citi Trends (NASDAQ:CTRN) Announces Quarterly Earnings Results, Misses Estimates By $1.73 EPS

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

Citi Trends Trading Up 2.9 %

CTRN stock opened at $22.16 on Wednesday. Citi Trends has a twelve month low of $13.66 and a twelve month high of $29.50. The company has a market capitalization of $193.01 million, a P/E ratio of -7.22 and a beta of 2.29. The firm has a 50 day simple moving average of $25.29 and a 200-day simple moving average of $22.07.

Insider Transactions at Citi Trends

In other news, Director Jonathan Duskin sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $26.44, for a total transaction of $317,280.00. Following the completion of the sale, the director now owns 33,396 shares of the company’s stock, valued at approximately $882,990.24. This trade represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

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

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.