Citi Trends (NASDAQ:CTRN - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.37, RTT News reports. Citi Trends had a negative net margin of 3.36% and a negative return on equity of 14.43%. The firm had revenue of $201.73 million for the quarter, compared to analyst estimates of $195.76 million. During the same period last year, the business earned ($0.32) EPS.
Citi Trends Trading Up 2.6%
Shares of NASDAQ:CTRN traded up $0.85 during midday trading on Wednesday, hitting $33.72. The stock had a trading volume of 575,437 shares, compared to its average volume of 123,950. Citi Trends has a 1 year low of $13.66 and a 1 year high of $34.39. The stock has a 50 day moving average price of $22.97 and a two-hundred day moving average price of $23.85. The company has a market capitalization of $279.13 million, a PE ratio of -10.98 and a beta of 2.01.
Institutional Investors Weigh In On Citi Trends
An institutional investor recently bought a new stake in Citi Trends stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Citi Trends, Inc. (NASDAQ:CTRN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,204 shares of the company's stock, valued at approximately $204,000. Dynamic Technology Lab Private Ltd owned 0.11% of Citi Trends at the end of the most recent reporting period.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Wall Street Zen upgraded Citi Trends from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Craig Hallum upgraded 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 restated a "buy" rating and set a $29.00 target price on shares of Citi Trends in a research report on Wednesday, March 19th.
View Our Latest Analysis on CTRN
About Citi Trends
(
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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.
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