Citi Trends Inc (NASDAQ: CTRN) has reported earnings for its fourth fiscal quarter (ending January 31) of $0.43 versus $0.81 for the same period a year ago. For the latest four quarters through January 31, E.P.S. were $-1.46 compared to $7.17 a year ago.
Recent Price Action
Citi Trends Inc (NASDAQ: CTRN) stock closed at $28.75 on 3/19/24 after a large decline of -6.3%. Moreover, exceptionally high trading volume at 522% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.9% 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 19 but a very high Power Rating of 100, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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