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

Citi Trends (NASDAQ:CTRN) released 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 return on equity of 14.43% and a negative net margin of 3.36%. The company had revenue of $211.17 million for the quarter, compared to analyst estimates of $211.54 million. During the same period last year, the firm posted $0.53 earnings per share.

Citi Trends Trading Down 4.1 %

Shares of NASDAQ CTRN opened at $21.26 on Thursday. Citi Trends has a twelve month low of $13.66 and a twelve month high of $29.41. The company has a market capitalization of $185.17 million, a price-to-earnings ratio of -6.93 and a beta of 2.29. The business has a 50 day simple moving average of $25.29 and a 200-day simple moving average of $22.07.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CTRN. DA Davidson reaffirmed a “buy” rating and issued a $29.00 target price on shares of Citi Trends in a research report on Wednesday. StockNews.com raised Citi Trends from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Craig Hallum raised Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, February 10th.

Insider Activity

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