Citi Trends, Inc. (NASDAQ:CTRN)’s share price hit a new 52-week low during trading on Friday following a weaker than expected earnings announcement. The company traded as low as $20.25 and last traded at $20.07, with a volume of 164808 shares trading hands. The stock had previously closed at $22.87.
The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.07). Citi Trends had a return on equity of 10.59% and a net margin of 2.61%. The firm had revenue of $175.40 million for the quarter, compared to the consensus estimate of $180.90 million. During the same period in the prior year, the business earned $0.05 EPS. Citi Trends’s quarterly revenue was down .8% compared to the same quarter last year.
Several equities analysts have commented on the stock. BidaskClub cut shares of Citi Trends from a “buy” rating to a “hold” rating in a research report on Saturday, September 15th. ValuEngine raised shares of Citi Trends from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st.
The firm has a market capitalization of $296.74 million, a P/E ratio of 16.27 and a beta of 0.72.
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About Citi Trends (NASDAQ:CTRN)
Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.
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