Today’s Hot Stock Under Review: Citi Trends Inc. (NASDAQ: CTRN)

Sandra Davis

I am Sandra Davis and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets.

I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.

Address: 1611 Hiddenview Drive, Plymouth Meeting, PA 19462, USA
Phone: (+1) 215-962-8358
Email: sandra.davis@seekingreview.com
Sandra Davis

SAVANNAH, Ga., August 17, 2019 – Shares of Citi Trends Inc. (NASDAQ: CTRN) gained 0.40% to $15.13. The stock grabbed the investor’s attention and traded 9.345K shares as compared to its average daily volume of 104.06K shares. The stock’s institutional ownership stands at 93.20%.

Citi Trends Inc. (CTRN) reported fiscal first-quarter profit of $7.80M. On a per-share basis, the Savannah, Georgia-based company said it had profit of 65 cents. Earnings, adjusted for non-recurring costs, came to 72 cents per share.

Financial Highlights – First quarter ended May 4, 2019

Total sales in the first quarter ended May 4, 2019 reduced 2.8% to $205.00M contrast with $211.00M in the first quarter ended May 5, 2018. Comparable store sales reduced 4.5% in the quarter.

On a GAAP basis, the Company had net income of $7.80M, or $8.70M when adjusted for proxy contest-related expenses, in the first quarter of 2019, contrast with $11.30M in last year’s first quarter. On a GAAP basis, earnings per diluted share in this year’s first quarter were $0.65, or $0.72 when adjusted for proxy contest-related expenses, contrast with $0.83 per diluted share in the first quarter of 2018.

CTRN has a market value of $182.50M while its EPS was booked as $1.44 in the last 12 months. The stock has 12.11M shares outstanding. In the profitability analysis, the company has gross profit margin of 37.80% while net profit margin was 2.30%. Beta value of the company was 0.59; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.00.

Sandra Davis

Sandra Davis

I am Sandra Davis and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking. Address: 1611 Hiddenview Drive, Plymouth Meeting, PA 19462, USA Phone: (+1) 215-962-8358 Email: sandra.davis@seekingreview.com