Citi Trends, Inc. (CTRN) news stock charts
Citi Trends, Inc. (CTRN) Investment Summary:
We are a rapidly growing, value-priced retailer of urban fashion apparel and accessories for the entire family. We offer quality, branded products from nationally recognized brands, as well as private label products and a limited assortment of home décor items. Our merchandise offerings are designed to appeal to the preferences of fashion conscious consumers, particularly African-Americans. We believe that we provide merchandise at compelling values. Our goal is to provide nationally recognized branded merchandise at 20% to 60% discounts to department and specialty stores’ regular prices. Our stores average approximately 9,900 square feet of selling space and are typically located in neighborhood shopping centers that are convenient to low- to moderate-income customers. Originally our stores were located in the Southeast, and in recent years were expanded into the Mid-Atlantic and Midwest regions as well as the state of Texas. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f04%2f16%2f0001104659-08-024754.html#FIS_BUSINESS"www.cititrends.com
Founded in 1946
CITI TRENDS INC (CTRN:NASDAQ)
LAST $33.17 USD
CHANGE TODAY -0.81 -2.38%
VOLUME 155.7K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of CITI TRENDS INC (CTRN)
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OPEN
$34.23
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PREVIOUS CLOSE
$33.98
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DAY HIGH
$34.25
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DAY LOW
$32.89
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52 WEEK HIGH
03/18/10 - $34.31
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52 WEEK LOW
03/23/09 - $13.82
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MARKET CAP
487.6M
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AVERAGE VOLUME 10 D
256.5K
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EPS TTM
$1.36
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SHARES OUTSTANDING
14.7M
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CTRN Does Not Pay Dividends
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P/E TTM
24.4x
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| K = Thousands M = Millions B = Billions | ||
Key developments for CITI TRENDS INC (CTRN)
Citi Trends, Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended January 30, 2010; Provides Earning Guidance for the Year 2010
03/12/2010
Citi Trends Inc. reported unaudited earnings results for the fourth quarter and year ended January 30, 2010. Total sales in the fourth quarter ended January 30, 2010 increased 15.8% to $169.8 million compared with $146.6 million in the quarter ended January 31, 2009. Comparable store sales increased 1.2% in the fourth quarter. Income from operations increased 18.4% to $16.8 million compared with $14.2 million in 2008. Net income increased 11.9% to $11.3 million compared with $10.1 million in last years fourth quarter. Earnings per diluted share increased to $0.78 compared with $0.69 in the fourth quarter of 2008. Income before income tax expense was $16.8 million compared with $14.4 million in last years fourth quarter. Total sales in the fiscal year ended January 30, 2010 increased 13.0% to $551.9 million compared with $488.2 million in the fiscal year ended January 31, 2009. Comparable store sales increased 0.6% for the full year. Income from operations increased 27.4% to $29.4 million compared with $23.1 million in 2008. Net income increased 13.4% to $19.7 million compared with $17.4 million in the prior year. Earnings per diluted share increased to $1.36 compared with $1.20 in 2008. Income from operations increased at a higher rate than net income throughout 2009 due to the effect on net income of a declining interest rate environment which caused a reduction in tax-free interest income and a related increase in the effective income tax rate. Income before income tax expense was $29.7 million compared with $25.3 million in the prior year. The company provided earning guidance for the year 2010. The company estimates 2010 earnings of approximately $1.60 to $1.65 per diluted share. This guidance includes an anticipated 2010 comparable store sales increase of approximately 3% to 4%.
Citi Trends Announces Retail Store Openings for February
02/26/2010
Citi Trends Inc. announced the openings of eight new retail stores in February. Talladega, Alabama -- 803 E. Battle Street (Talladega shopping center at the intersection of E. Battle Street and Haynes Street); Palatka, Florida -- 400 N. State Road 19 (Palatka Mall at the intersection of N. State Road 19 and St. John's Avenue); Gulfport, Mississippi -- 405 E. Pass Road (Centre at Courthouse shopping center at the intersection of E. Pass Road and Courthouse Road); Ridgeland, Mississippi -- 826 S. Wheatly Street (Townline shopping center at the intersection of Wheatly Street and County Line Road); Charlotte, North Carolina -- 5708 E. Independence Boulevard (Independence shopping center at the intersection of Independence Boulevard and Idlewild Avenue); Oklahoma City, Oklahoma -- 180 N. Air Depot Boulevard (Town & Country shopping center at the northeast corner of N. Air Depot Boulevard and East Reno Avenue); Sumter, South Carolina -- 1121 Broad Street (Wesmark Plaza shopping center at the intersection of Broad Street and E. Wesmark Street); and Milwaukee, Wisconsin -- 6852 Greenfield Avenue (West Allis Towne Center at the intersection of Greenfield Avenue and South 70th Street).
Citi Trends Reports Sales Results for the Fiscal Year Ended January 30, 2010
02/4/2010
Citi Trends reported sales results for the fiscal year ended January 30, 2010. For the year, the companys total sales increased 13% to $551.9 million, compared to $488.2 million in fiscal 2008. Comparable store sales increased 0.6%, compared to the same period of fiscal 2008.
Citi Trends, Inc. financial resources
CTRN Competitors
| Company | Last | Change |
| Christopher & Banks Corp | $8.02 USD | -0.13 |
| Shoe Carnival Inc | $23.18 USD | -0.155 |
| Wet Seal Inc/The | $4.53 USD | +0.06 |
| Zumiez Inc | $19.35 USD | -0.24 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | CTRN | Industry Range |
| Price/Earnings | 24.4x |
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| Price/Sales | 0.9x |
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| Price/Book | 2.6x |
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| Price/Cash Flow | 12.8x |
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| TEV/Sales | 0.7x |
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CTRN |
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CTRN transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Citi Trends, Inc.
Citi Trends 4Q profit rises as sales improve
2010-03-17 06:44:27
Quote: Citi Trends Inc. said Friday that its fiscal fourth-quarter profit climbed as sales grew, and gave 2010 earnings guidance above Wall Street's expectations. Its shares rose more than 6 percent in premarket dealings.The company said fiscal 2010 is off to a "strong start" and says shoppers are responding well to its spring merchandise. It sells urban fashion clothing and accessories.It said sales at stores open at least a year are up more than 10 percent during the first five-plus weeks of the year...Read article
Citi Trends 4Q profit rises as sales improve
2010-03-15 08:13:41
Quote: Citi Trends Inc. said Friday that its fiscal fourth-quarter profit climbed as sales grew, and gave 2010 earnings guidance above Wall Street's expectations. Its shares rose more than 6 percent in premarket dealings.The company said fiscal 2010 is off to a "strong start" and says shoppers are responding well to its spring merchandise. It sells urban fashion clothing and accessories.It said sales at stores open at least a year are up more than 10 percent during the first five-plus weeks of the year...Read article
Q4 2009 Citi Trends, Inc. Earnings Release - Before Market Open
2010-03-15 08:13:41
Quote: Read article
CITI TRENDS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
2010-03-15 08:13:41
Quote: Results of Operations and Financial Condition.
On March 12, 2010, Citi Trends, Inc. (the "Company") issued a press release
reporting its financial results for the fourth quarter and fiscal year ended
January 30, 2010 (the "Earnings Announcement"). A copy of the Earnings
Announcement is attached to this Current Report on Form 8-K ("Current Report")
as Exhibit 99.1 and the contents of which are incorporated herein solely for
purposes of this Item 2.02 disclosure.
The...Read article
UPDATE - Citi Trends sees strong 2010; shares hit 2-yr high
2010-03-15 08:13:40
Keywords: Apparel retail,Retailing,United States of America,Textiles and apparel,Corporate Results,Corporate Results Forecasts,Apparel and accessories,Textiles and apparel,Cyclical consumer goods and services,Retailers,Business activities,Cyclical consumer products
Quote: UPDATE 2-Citi Trends sees strong 2010; shares hit 2-yr high
* Q4 EPS $0.78 vs. est $0.75 * Sees 2010 EPS $1.60-$1.65 vs. est $1.59 * Says same-store sales up over 10 pct month-to-date * Sees mid-single digit same-store sales growth in Q1 * Shares up 10 pct, hit 2-yr high(Recasts; adds details from conference call, updates share
movement) March 12 (Reuters) - A strong start to the Spring season
prompted Citi Trends Inc (CTRN.O) to forecast 2010 earnings
ahead of expectations, and the company said...Read article
Citi Trends says weather hurt January sales
2010-02-26 05:45:28
Quote: (AP) -- Bargain clothing retailer Citi Trends Inc. said Wednesday that sales at stores open at least one year fell 8.1 percent in January as bad weather closed some stores.The company said the bad weather hit during the last weekend in January, which is typically its third-largest volume weekend of the year.Total sales for the quarter that ended Jan. 30, 2010, rose 15.8 percent to $169.8 million. Sales at stores open at least a year rose 1.2 percent during the fourth quarter.Analysts surveyed by...Read article
Citi Trends Announces Fourth Quarter and Fiscal 2009 Sales
2010-02-23 01:31:11
Quote: The online replay willfollow shortly after the call and continue until March 19, 2010.About Citi Trendswww.cititrends.comCTRN-EForward-Looking StatementsAll statements other than historical facts contained in this newsrelease, including statements regarding our future financial results andposition, business policy and plans and objectives of management forfuture operations, are forward-looking statements that are subject tomaterial risks and uncertainties.The words "believe," "may,""could," "pla...Read article
Citi Trends says weather hurt January sales
2010-02-23 01:31:10
Quote: (AP) -- Bargain clothing retailer Citi Trends Inc. said Wednesday that sales at stores open at least one year fell 8.1 percent in January as bad weather closed some stores.The company said the bad weather hit during the last weekend in January, which is typically its third-largest volume weekend of the year.Total sales for the quarter that ended Jan. 30, 2010, rose 15.8 percent to $169.8 million. Sales at stores open at least a year rose 1.2 percent during the fourth quarter.Analysts surveyed by...Read article
Citi Trends Announces Fourth Quarter and Fiscal 2009 Sales
2010-02-05 02:25:32
Quote: The online replay willfollow shortly after the call and continue until March 19, 2010.About Citi Trendswww.cititrends.comCTRN-EForward-Looking StatementsAll statements other than historical facts contained in this newsrelease, including statements regarding our future financial results andposition, business policy and plans and objectives of management forfuture operations, are forward-looking statements that are subject tomaterial risks and uncertainties.The words "believe," "may,""could," "pla...Read article
Mr. Market Is A Good Stock Picker
2010-02-05 02:25:32
Keywords: Consumer Stocks, Benjamin Graham, Mr. Market, MACD, Gerald Appel, Momentum Investing
Quote: Actually, though, DLTR's excellent industry-beating fundamentals stretch well back before the recession, suggesting this may be a retailer for all seasons--and cycles.
Citi TrendsCTRNnewspeople): Like Men's Wearhouse, this is an apparel retailer with a focus that sets it apart from the countless mall-based stores that aim to serve younger women. CTRN is typically located in strip malls and caters to a less affluent urban clientele. Returns on capital are finer than industry averages and it has a...Read article
UPDATE - Citi Trends Q4 revenue edges past Street
2010-02-05 02:25:31
Keywords: Retailing,United States of America,Textiles and apparel,Corporate Results,Business activities,Company News item,Economic news, EC, business/financial pages,
Quote: UPDATE 1-Citi Trends Q4 revenue edges past Street* Says Jan comp sales down 8.1 pct * Q4 sales $169.8 vs est $168.8 * Shares fall 5 pct after the bell Feb 3 (Reuters) - Citi Trends Inc (CTRN.O) posted
fourth-quarter sales that edged past market expectations and
said sales at stores open at least a year declined 8.1 percent
in January. The fashion-apparel retailer said revenue for the fourth
quarter rose 16 percent to $169.8 million. Analysts on average were looking for revenue of $168.8
million,...Read article
Citi Trends says weather hurt January sales
2010-02-05 02:25:30
Quote: (AP) -- Bargain clothing retailer Citi Trends Inc. said Wednesday that sales at stores open at least one year fell 8.1 percent in January as bad weather closed some stores.The company said the bad weather hit during the last weekend in January, which is typically its third-largest volume weekend of the year.Total sales for the quarter that ended Jan. 30, 2010, rose 15.8 percent to $169.8 million. Sales at stores open at least a year rose 1.2 percent during the fourth quarter.Analysts surveyed by...Read article
Q3 2009 Citi Trends, Inc. Earnings Release - After Market Close
2009-11-30 03:26:15
Quote: Earnings
Announcements for
Monday, November 23CompanySymbolTimeConferenceCall51JOB INCJOBSBefore Market OpenAfrican Bank Investments LimitedAFRVY.PKTime Not SuppliedAltus Pharmaceuticals Inc.ALTUTime Not SuppliedAmerican Defense Systems IncEAGTime Not SuppliedListenAnalog Devices Inc.ADIAfter Market CloseListenAtwood OceanicsATWAfter Market CloseListenBJ Services CompanyBJSTime Not SuppliedBrocade Communications Systems, Inc.BRCD7:00 pm ETListenCampbell SoupCPBTime Not SuppliedCDC SoftwareCDCSTi...Read article
Citi Trends Announces Third Quarter 2009 Results
2009-11-30 03:26:14
Quote: The Company’sresponses to questions, as well as other matters discussed during theconference call, may contain or constitute information that has not beendisclosed previously.About Citi Trendswww.cititrends.comCTRN-EForward-Looking StatementsAll statements other than historical facts contained in this newsrelease, including statements regarding our future financial results andposition, business policy and plans and objectives of management forfuture operations, are forward-looking stateme...Read article
UPDATE - Citi Trends Q3 results beat Street, raises '09 outlook
2009-11-30 03:26:13
Quote: * Q3 EPS $0.04 vs est loss $0.01/shr* Q3 rev $127.4 mln vs est $121 mln Nov 23 (Reuters) - Citi Trends Inc (CTRN.O) posted a
surprise quarterly profit, helped mainly by a strong
back-to-school season, and raised its earnings outlook for
fiscal 2009. For the full year, the company now expects to earn $1.30 to
$1.35 a share, compared with its prior view of $1.28 to $1.33 a
share. For the third quarter, the fashion-apparel retailer posted
a profit of $606,000, or 4 cents a share, compared with a lo...Read article
CITI TRENDS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
2009-11-30 03:26:13
Quote: Results of Operations and Financial Condition.
On November 23, 2009, Citi Trends, Inc. (the "Company") issued a press release
reporting its financial results for its third quarter ended October 31, 2009
(the "Earnings Announcement"). A copy of the Earnings Announcement is attached
to this Current Report on Form 8-K ("Current Report") as Exhibit 99.1 and the
contents of which are incorporated herein solely for purposes of this Item 2.02
disclosure.
The information i...Read article
Stronger sales help Citi Trends posts 3Q profit
2009-11-30 03:26:12
Quote: (AP) -- Clothing retailer Citi Trends Inc. said Monday a stronger back-to-school shopping season helped it post a third quarter profit, compared to its year-ago loss.For the three months ending Oct. 31, the company earned $606,000, or 4 cents per share. That compared with a loss of $687,000, or 5 cents per share, in the year-ago period.Quarterly sales rose 21 percent to $127.4 million, compared with $104.9 million in the third quarter of 2008.The performance beat Wall Street expectations. On ave...Read article
Citi Trends Inc. Q3 2009 Earnings Call Transcript
2009-11-30 03:26:11
Quote: Citi Trends Inc. (CTRN)
Q3 2009 Earnings Call
November 23, 2009; 5:00 pm ET
Executives
Bruce Smith - Chief Financial Officer
David Alexander - President & Chief Executive Officer
Beth Feher - Executive Vice President & Chief Merchandising Officer
Analysts
Brian Tunick - JP Morgan
Elizabeth Montgomery - Longbow Research
Patrick McKeever - MKM Partners
Robert Samuels - Oppenheimer
Sean Naughton - Piper Jaffray
Evren Kopelman - Wells Fargo Securities
Presentation
Operator
Welcome to Citi Tr...Read article
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