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Stock impact report

Citi Trends Has 35% Upside [Seeking Alpha]

Citi Trends, Inc. (CTRN) 
Last citi trends, inc. earnings: 5/23 06:45 am Check Earnings Report
US:NASDAQ Investor Relations: ir.cititrends.com
Company Research Source: Seeking Alpha
Citi Trends Has 35% Upside Summary Shares of Citi Trends look relatively cheap as the company had what should be a transient miss in women's apparel. Buybacks have not been well-timed, but management is ready to reduce another $25 million worth of stock - over 9% of the float at current prices. Shares are trading at 12x current earnings and at a 35% discount to my intrinsic value estimate. Every quarter, I take a look at opportunities that I initiated coverage on with high upside. Citi Trends ( CTRN Q3 Miss: Dropping the Ball in Women’s Overall, Citi Trends’ third quarter was slightly below estimates, with total revenue down 0.9% y/y to $176.9 million due to a calendar shift. Comp sales were below plan at 0.6% y/y growth, stalling out from the 4.6% growth YTD comp growth rate. Nevertheless, the Q3 two-year stack sits at 8%, which is in line with TJX’s ( ROST During Q3, Citi Trends had preliminary reads on fashion that turned out to be wrong. The ladies category declined 7% y/y versus Show less Read more
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