Citi Trends (NASDAQ:CTRN) Posts Quarterly Earnings Results

Citi Trends (NASDAQ:CTRN) released its quarterly earnings data on Tuesday. The company reported $0.17 EPS for the quarter, beating 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%. During the same quarter in the prior year, the firm posted ($0.32) earnings per share.

Citi Trends Price Performance

Shares of NASDAQ CTRN opened at $32.87 on Wednesday. The company has a 50 day simple moving average of $22.74 and a 200-day simple moving average of $23.79. The company has a market capitalization of $272.10 million, a P/E ratio of -10.71 and a beta of 2.01. Citi Trends has a 1 year low of $13.66 and a 1 year high of $33.21.

Institutional Trading of Citi Trends

A hedge fund recently bought a new stake in Citi Trends stock. Dynamic Technology Lab Private Ltd purchased a new stake in Citi Trends, Inc. (NASDAQ:CTRN) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,204 shares of the company’s stock, valued at approximately $204,000. Dynamic Technology Lab Private Ltd owned 0.11% of Citi Trends as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CTRN shares. Wall Street Zen raised shares of Citi Trends from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. DA Davidson restated a “buy” rating and issued a $29.00 target price on shares of Citi Trends in a research note on Wednesday, March 19th. Finally, Craig Hallum raised Citi Trends from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, February 10th.

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.