Citi Trends (NASDAQ:CTRN) Announces Earnings Results

Citi Trends (NASDAQ:CTRN) announced its quarterly earnings data on Tuesday. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.79) by ($0.09), Zacks reports. Citi Trends had a negative net margin of 2.13% and a negative return on equity of 21.25%.

Citi Trends Stock Performance

NASDAQ CTRN opened at $44.07 on Tuesday. Citi Trends has a one year low of $16.82 and a one year high of $46.95. The firm has a market cap of $366.05 million, a PE ratio of -22.04 and a beta of 2.24. The firm’s fifty day moving average is $36.95 and its two-hundred day moving average is $33.45.

Analyst Ratings Changes

A number of research analysts recently issued reports on CTRN shares. Weiss Ratings restated a “sell (d-)” rating on shares of Citi Trends in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Citi Trends from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, DA Davidson upped their target price on Citi Trends from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Citi Trends presently has a consensus rating of “Hold” and a consensus price target of $39.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its position in Citi Trends by 143.3% during the third quarter. BNP Paribas Financial Markets now owns 1,051 shares of the company’s stock worth $33,000 after acquiring an additional 619 shares during the last quarter. Bank of America Corp DE grew its holdings in Citi Trends by 5.8% in the second quarter. Bank of America Corp DE now owns 6,221 shares of the company’s stock valued at $208,000 after purchasing an additional 342 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Citi Trends by 7,843.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,355 shares of the company’s stock worth $197,000 after buying an additional 6,275 shares during the last quarter. State of Wyoming increased its stake in Citi Trends by 7.0% during the second quarter. State of Wyoming now owns 7,160 shares of the company’s stock worth $239,000 after acquiring an additional 469 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in Citi Trends during the 3rd quarter worth approximately $272,000.

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.