Hot Stock to Track: Citi Trends Inc. (NASDAQ: CTRN)

Diana Esparza

I am Diana Esparza I give “Tribune Updates” an insight into the most recent news hitting the “Services” sector in Wall Street.

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.

Address: 2716 Lightning Point Drive Memphis, TN 38117, USA
Phone: (+1) 901-418-1821
Email: dianaesparza@tribuneupdates.com
Diana Esparza

SAVANNAH, Ga., November 13, 2019 – Shares of Citi Trends Inc. (NASDAQ: CTRN) showed the bearish trend with a lower momentum of -0.43% to $18.37. The company traded total volume of 54.839K shares as contrast to its average volume of 85.24K shares. The company has a market value of $220.26M and about 11.99M shares outstanding.

In the second quarter ended August 3, 2019, Citi Trends, Inc. (NASDAQ: CTRN) reported 0.5% increase in total sales to $182.80M, compared with $182.00M in the second quarter ended August 4, 2018. Comparable store sales decreased 1.2% in the quarter. The Company had net income of $0.40M, or $0.03 per diluted share, in the second quarter of fiscal 2019, compared with $3.20M, or $0.24 per diluted share, in last year’s second quarter.

Financial Highlights – First half ended August 3, 2019

Total sales in the first half of fiscal 2019 decreased 1.3% to $387.90M, compared with $393.00M in the first half of fiscal 2018. Comparable store sales decreased 2.9% in the first half of this year.

In the first half of 2019, the Company had net income of $8.20M on a GAAP basis, or $9.10M when adjusted for proxy contest-related expenses*, compared with net income in last year’s first half of $14.50M. Earnings per diluted share in the first half of 2019 were $0.68 on a GAAP basis, or $0.76 when adjusted for proxy contest-related expenses*, compared with earnings per diluted share of $1.08 in the first half of 2018.

The Company offered net profit margin of 2.00% while its gross profit margin was 37.30%. ROE was recorded as 7.90% while beta factor was 0.54. The stock, as of recent close, has shown the weekly downbeat performance of -2.39% which was maintained at -9.91% in this year.

Diana Esparza

Diana Esparza

I am Diana Esparza I give “Tribune Updates” an insight into the most recent news hitting the “Services” sector in Wall Street. I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2716 Lightning Point Drive Memphis, TN 38117, USA Phone: (+1) 901-418-1821 Email: dianaesparza@tribuneupdates.com

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