Citi Trends (NASDAQ:CTRN) Releases Earnings Results, Misses Expectations By $1.73 EPS

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

Citi Trends Price Performance

CTRN opened at $22.16 on Wednesday. The stock has a market capitalization of $193.01 million, a PE ratio of -7.22 and a beta of 2.29. The firm’s fifty day moving average price is $25.29 and its 200 day moving average price is $22.07. Citi Trends has a 12-month low of $13.66 and a 12-month high of $29.50.

Insider Activity at Citi Trends

In related news, Director Jonathan Duskin sold 12,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $26.44, for a total value of $317,280.00. Following the sale, the director now directly owns 33,396 shares of the company’s stock, valued at $882,990.24. This represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CTRN has been the subject of a number of recent research reports. Craig Hallum upgraded 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 target price 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. Finally, StockNews.com upgraded shares of Citi Trends from a “sell” rating to a “hold” rating in a 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.