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

Citi Trends (NASDAQ:CTRN - Get Free Report) posted its earnings results on Tuesday. The company reported ($1.55) earnings per share for the quarter, missing the consensus estimate 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 net margin of 3.36% and a negative return on equity of 14.43%. During the same period in the previous year, the business posted $0.53 earnings per share.

Citi Trends Stock Performance

Shares of NASDAQ:CTRN traded up $0.94 on Friday, reaching $21.05. The company's stock had a trading volume of 291,411 shares, compared to its average volume of 123,109. Citi Trends has a 52-week low of $13.66 and a 52-week high of $29.41. The company has a market cap of $183.35 million, a P/E ratio of -6.86 and a beta of 2.29. The company has a 50-day simple moving average of $24.96 and a 200 day simple moving average of $22.21.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. 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. StockNews.com cut shares of Citi Trends from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, DA Davidson reissued a "buy" rating and issued a $29.00 price objective on shares of Citi Trends in a research note on Wednesday.

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Insiders Place Their Bets

In related news, Director Jonathan Duskin sold 12,000 shares of Citi Trends 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 transaction, the director now directly owns 33,396 shares of the company's stock, valued at approximately $882,990.24. The trade was a 26.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.