Citi Trends (NASDAQ:CTRN) Issues Quarterly Earnings Results

Citi Trends (NASDAQ:CTRN) posted its quarterly earnings results on Tuesday. The company reported ($0.09) earnings per share for the quarter, Bloomberg Earnings reports. Citi Trends had a net margin of 1.96% and a return on equity of 8.35%. Citi Trends updated its FY 2019
Pre-Market guidance to $1.40-1.50 EPS.

CTRN opened at $19.95 on Wednesday. The firm has a market cap of $224.15 million, a P/E ratio of 12.16 and a beta of 0.54. The firm has a 50-day moving average of $18.40 and a 200 day moving average of $16.62. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 1.53. Citi Trends has a fifty-two week low of $13.41 and a fifty-two week high of $23.17.

In related news, Director Peter R. Sachse purchased 9,000 shares of Citi Trends stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average price of $16.84 per share, for a total transaction of $151,560.00. Following the completion of the transaction, the director now owns 13,390 shares in the company, valued at $225,487.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.19% of the stock is currently owned by corporate insiders.

Separately, ValuEngine upgraded shares of Citi Trends from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th.

Citi Trends Company Profile

Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, such as fashion sportswear for men and women, as well as children, including newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional bedroom, bathroom, and kitchen products, as well as beauty products and toys.

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Earnings History for Citi Trends (NASDAQ:CTRN)

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