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
Latest posts by Diana Esparza (see all)
- Hot Stock of the Day: Commercial Vehicle Group Inc. (NASDAQ: CVGI) - November 13, 2019
- Hot Stock Buzz: Carvana Co. (NYSE: CVNA) - November 13, 2019
- Hot Stock to Track: Citi Trends Inc. (NASDAQ: CTRN) - November 13, 2019
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.