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CTRN Citi Trends Inc

20.00

0.06 (0.30%)

Pre Market

Last Updated: 13:31:45

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type
Citi Trends Inc	NASDAQ:CTRN	NASDAQ	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.06	0.30%	20.00	19.99	20.89				2,194	13:31:45

Bull of the Day: Citi Trends - Bull of the Day

11/01/2013 12:31am

Zacks

We are upgrading our long-term recommendation on Citi Trends (CTRN) to Outperform on the back of its better-than-expected third-quarter 2012 results. We are pleased with Citi Trends' turnaround efforts due to the fact that despite weaker comps the company registered growth in its top line and narrowed its loss.

Net sales increased 4.1% to $149 million and surpassed the Zacks Consensus Estimate of $142 million. We believe that Citi Trends' effective cost-control initiatives and inventory management are gradually putting the company back on the growth trajectory.

Moreover, Citi Trends' extensive focus on store expansion is set to drive top-line growth in the future. Our target price of $14.00 is based on P/CF multiple of 11.0x.

CITI TRENDS INC (CTRN): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research