Piper Jaffray Raises Citi Trends to Neutral (CTRN)

By admin | 6 years ago

Citi Trends (NASDAQ: CTRN) was upgraded by equities research analysts at Piper Jaffray (NYSE: PJC) to a “neutral” rating in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Stephens upgraded shares of Citi Trends to an “overweight” rating in a research note to investors on Tuesday. Separately, analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of Citi Trends from a “market perform” rating to an “outperform” rating in a research note to investors on Monday. Finally, analysts at Citigroup (NYSE: C) upgraded shares of Citi Trends from a “market perform” rating to an “outperform” rating in a research note to investors on Monday.

Citi Trends opened at 14.57 on Thursday. Citi Trends has a 1-year low of $7.87 and a 1-year high of $17.06. The company’s market cap is $213.2 million.

Citi Trends last announced its earnings results on Wednesday, May 16th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.23. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that Citi Trends will post $-0.30 EPS next quarter.

Citi Trends, Inc. is a retailer of urban fashion apparel and accessories for the entire family. It offers branded apparel from nationally recognized brands, as well as private label apparel and a limited assortment of home decor items.

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