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

Citi Trends (NASDAQ:CTRN) issued 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 company had revenue of $211.17 million for the quarter, compared to the consensus estimate of $211.54 million. During the same quarter in the previous year, the company earned $0.53 earnings per share.

Citi Trends Stock Down 4.1 %

Shares of Citi Trends stock opened at $21.26 on Thursday. The firm has a market cap of $185.17 million, a price-to-earnings ratio of -6.93 and a beta of 2.29. The business has a fifty day simple moving average of $25.29 and a 200-day simple moving average of $22.07. Citi Trends has a fifty-two week low of $13.66 and a fifty-two week high of $29.41.

Insider Activity

In other news, Director Jonathan Duskin sold 12,000 shares of the company’s stock in a transaction 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 owns 33,396 shares in the company, valued at $882,990.24. This represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.