For its third fiscal quarter (ending October 31), Citi Trends Inc (NASDAQ: CTRN) has reported a -116% decline in E.P.S. from $3.02 a year ago to $-0.47 in the current quarter. E.P.S. were $-1.08 for the latest four quarters through October 31 versus $7.51 for the same period a year ago — a decline of -114%.
Recent Price Action
On 11/28/23, Citi Trends Inc (NASDAQ: CTRN) stock suffered a major decline of -12.1%, closing at $23.21. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CTRN is expected to be Value Creation neutral.
Citi Trends has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Citi Trends has a poor Appreciation Score of 22 but a very high Power Rating of 96, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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