Stephens Raises Citi Trends to Overweight (CTRN)

By admin | 6 years ago

Citi Trends (NASDAQ: CTRN) was upgraded by analysts at Stephens to an “overweight” rating in a research report issued to clients and investors on Tuesday.

A number of other analysts have also recently weighed in on CTRN. 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. Separately, 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. Finally, analysts at Citigroup (NYSE: C) initiated coverage on shares of Citi Trends in a research note to investors on Monday, April 23rd. They set a “neutral” rating on the stock.

Citi Trends opened at 12.18 on Tuesday. Citi Trends has a 1-year low of $7.87 and a 1-year high of $18.50. The company’s market cap is $177.9 million.

Citi Trends last released its earnings data on Friday, March 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.02. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Citi Trends will post $-0.45 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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