CTRN Citi Trends Inc

20.03

0.09 (0.45%)

Pre Market

Last Updated: 12:50:35

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
	0.09	0.45%	20.03	19.90	20.89				1,900	12:50:35

Citi Trends, Inc. (CTRN) - Bull of the Day

06/07/2012 1:00am

Zacks

We are upgrading our long-term recommendation on Citi Trends, Inc. (CTRN) to Outperform on the back of the company's better-than-expected first-quarter 2012 results. After reporting a loss in three consecutive quarters, Citi Trends posted positive earnings of $0.69 per share.

Despite a 5% decline in comparable store sales, Citi Trends net sales increased 4.5% from the prior-year quarter, beating the Zacks Consensus Estimate. We believe Citi Trends effective cost-control initiatives and inventory management has helped it to drive growth.

Moreover, Citi Trends' extensive focus on store expansion strategy will drive top-line growth in the future. Looking ahead, the company has taken prudent steps to reduce inventory shrinkages, which we believe will facilitate its operational performance.

CITI TRENDS INC (CTRN): Free Stock Analysis Report

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