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

Citi Trends (NASDAQ:CTRN) released its 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 company 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 period in the prior year, the firm earned $0.53 EPS.

Citi Trends Trading Up 2.9 %

Shares of NASDAQ CTRN opened at $22.16 on Wednesday. Citi Trends has a 12-month low of $13.66 and a 12-month high of $29.50. The stock has a market cap of $193.01 million, a PE ratio of -7.22 and a beta of 2.29. The company has a 50-day moving average of $25.29 and a 200 day moving average of $22.07.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CTRN. DA Davidson boosted their target price on shares of Citi Trends from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Craig Hallum raised shares of Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 target price for the company 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 note on Wednesday, February 12th.

Insider Activity at Citi Trends

In related news, Director Jonathan Duskin sold 12,000 shares of the company’s stock in a transaction dated 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 represents a 26.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is owned by corporate insiders.

About Citi Trends

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.