Citi Trends (CTRN) Releases Earnings Results, Misses Expectations By $-0.09 EPS

Citi Trends (CTRN) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. CTRN reported $-0.06 earnings per share for the quarter, missing the analyst consensus estimate by $-0.09. Analysts had a consensus of $0.03. The company posted revenue of $160.70 million in the period, compared to analysts expectations of $167.40 million. CTRN’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Citi Trends closed down -0.29 points or -1.34% at $21.3 with 1,40,212 shares getting traded on Monday. Post opening the session at $21.51, the shares hit an intraday low of $20.9 and an intraday high of $21.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Investors should note that on Nov 17, 2016, Citi Trends announced a cash dividend of $0.0600. The company’s management has announced Nov 25, 2016 as the ex-dividend date and fixed the record date on Nov 29, 2016. The payable date has been fixed on Dec 13, 2016.

In a different news, on Mar 23, 2016, John S Lupo (director) sold 1,024 shares at $18.12 per share price. According to the SEC, on Mar 23, 2015, James A Dunn (Sr. VP of Store Operations) sold 5,000 shares at $26.18 per share price.

Citi Trends Inc. is a retailer of urban fashion apparel and accessories. The Company’s stores average approximately 10800 square feet of selling space and are located in shopping centers. As of January 31 2015 the Company operated 511 stores in both urban and rural markets in 29 states. The Company offers products under its brands such as Citi Steps Red Ape Vintage Harlem and Lil Ms Hollywood. The Company’s merchandise includes apparel accessories and home. Within apparel the Company offers fashion sportswear for men women and children including offerings for newborns infants toddlers boys and girls. Accessories include handbags jewelry footwear belts intimate apparel scrubs and sleepwear. Home includes decorative home product functional home product beauty books toys and electronic accessories. The Company sources its merchandise from over 1600 vendors consisting of domestic manufacturers and importers.

Citi Trends

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