Citi Trends Inc (NASDAQ: CTRN) has reported a loss for its first fiscal quarter (ending April 30) of $-0.42 versus a loss $-0.81 for the same period a year ago. E.P.S. were $-1.07 for the latest four quarters through April 30 versus $2.71 for the same period a year ago.
Recent Price Action
On 6/4/24, Citi Trends Inc (NASDAQ: CTRN) stock declined slightly by -0.5%, closing at $24.52. Moreover, trading volume in this decline was exceptionally high at 300% of normal. The stock has performed in line with the market over the last nine months and has risen 5.1% during the last week.
Current PriceTarget Research Rating
CTRN’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Citi Trends has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Citi Trends has a poor Appreciation Score of 28 but a neutral Power Rating of 56, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment