Citi Trends (CTRN) reports its quarterly earnings on Tuesday

Citi Trends (NASDAQ: CTRN – Get Rating) will announce its earnings results before the market open on Tuesday, November 29th. Analysts expect the company to report earnings of ($0.02) per share for the quarter. Investors interested in signing up for the company’s conference call can do so using this link.

Citi Trends (NASDAQ:CTRN – Get Rating) last released its quarterly earnings results on Monday, August 24th. The company reported ($0.31) earnings per share for the quarter, below the consensus analyst estimate of $0.19 ($0.50). Citi Trends had a net profit margin of 5.40% and a return on equity of 15.89%. The company generated $185.01 million in revenue for the quarter, compared to consensus estimates of $204.90 million. During the same quarter in the previous year, the company reported earnings of $1.36 per share. On average, analysts expect Citi Trends to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Citi Trends stock performance

NASDAQ: CTRN opened at $21.20 on Tuesday. Citi Trends posted a 52-week low of $15.48 and a 52-week high of $97.14. The stock has a market capitalization of $177.63 million, a price-earnings ratio of 3.88 and a beta of 2.14. The company’s 50-day simple moving average is $19.70 and its 200-day simple moving average is $23.69.

Citi Trends Institutional Trading

A number of institutional investors have recently been buying and selling shares. Weiss Multi Strategy Advisers LLC increased its position in Citi Trends by 1.6% during the first quarter. Weiss Multi Strategy Advisers LLC now owns 55,932 shares of the company’s stock valued at $1,713,000 after purchasing an additional 876 shares during the last quarter. The Swiss National Bank raised its position on Citi Trends by 4.6% during the first quarter. The SNB now owns 20,400 shares of the company’s stock, worth $625,000, after buying an additional 900 shares during the last quarter. MetLife Investment Management LLC increased its position in Citi Trends by 45.4% during the first quarter. MetLife Investment Management LLC now owns 5,006 shares of the company’s stock valued at $153,000 after purchasing an additional 1,564 shares during the last quarter. BNP Paribas Arbitrage SNC increased its position in Citi Trends by 97.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 3,883 shares of the company’s stock valued at $60,000 after purchasing an additional 1,921 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its position in Citi Trends by 430.5% during the first quarter. Point72 Hong Kong Ltd now owns 2,727 shares of the company worth $84,000 after purchasing an additional 2,213 shares during the most recent quarter.

Analyst promotions and demoting

A number of analysts have weighed in on the stock lately. StockNews.com assumed coverage of Citi Trends stock in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Gordon Haskett upgraded shares of Citi Trends from a “hold” rating to a “hold” rating and set a price target of $18.00 per share in a report on Monday, October 17th. Finally, Craig Hallum lowered his price target for shares of Citi Trends from $34.00 to $26.00 in a research note on Thursday, August 25th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a price target of $34.75.

About Citi Trends

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Citi Trends, Inc. operates as a value-added retailer of fashion apparel, accessories, and home goods. Offers apparel, such as men’s and women’s sportswear and footwear, as well as children’s apparel, including newborns, infants, toddlers, boys and girls; pajamas, underwear and scrubs for ladies; Children’s fashion and accessories.

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Earnings Record for Citi Trends (NASDAQ:CTRN)

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