Zacks Investment Research downgraded Citi Trends, Inc. (NASDAQ:CTRN) to Strong Sell in a report released today.
- Updated: November 28, 2016
Zacks Investment Research has downgraded Citi Trends, Inc. (NASDAQ:CTRN) to Strong Sell in a report released on 11/28/2016.
Previously on 2/08/2016, MKM Partners released a statement about Citi Trends, Inc. (NASDAQ:CTRN) reduced the target price from $29.00 to $20.00. At the time, this indicated a possible upside of 0.18%.
Just yesterday Citi Trends, Inc. (NASDAQ:CTRN) traded -2.73% lower at $18.18. Citi Trends, Inc.’s 50-day moving average is $20.09 and its 200-day moving average is $18.15. The last stock price is up 0.19% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 97,582 shares of CTRN traded hands, up from an average trading volume of 73,895
Recent Performance Chart
Citi Trends, Inc. has 52 week low of $14.01 and a 52 week high of $22.73 with a PE ratio of 21.09 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 3 brokerages have issued a ratings update on the company. The average stock price target is $18.33 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Citi Trends, Inc. (NASDAQ:CTRN)
Citi Trends, Inc. is a retailer of urban fashion apparel and accessories. The Company's segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. 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. The Company's home merchandise includes decorative home product, functional home product, beauty, books, toys and electronic accessories. The Company sources its merchandise from approximately 1,700 vendors, consisting of domestic manufacturers and importers.
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