Citi Trends (NASDAQ:CTRN) Posts Quarterly 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 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 firm had revenue of $211.17 million during the quarter, compared to analyst estimates of $211.54 million. During the same quarter last year, the business posted $0.53 EPS.

Citi Trends Trading Up 2.9 %

NASDAQ:CTRN opened at $22.16 on Wednesday. The firm has a 50-day moving average price of $25.29 and a two-hundred day moving average price of $22.07. Citi Trends has a twelve month low of $13.66 and a twelve month high of $29.50. The company has a market capitalization of $193.01 million, a P/E ratio of -7.22 and a beta of 2.29.

Insider Buying and Selling at Citi Trends

In other Citi Trends news, Director Jonathan Duskin sold 12,000 shares of the firm’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 transaction, the director now directly owns 33,396 shares in the company, valued at approximately $882,990.24. This trade represents a 26.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on CTRN. StockNews.com upgraded shares of Citi Trends from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Craig Hallum upgraded shares of Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, February 10th. Finally, DA Davidson raised their price objective on shares of Citi Trends from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th.

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.