Citi Trends Is Now A Binary Play On Its Going Concern. Not An Opportunity, But Approaching It [Seeking Alpha]
Citi Trends, Inc. (CTRN)
Last citi trends, inc. earnings: 5/23 06:45 am
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US:NASDAQ Investor Relations:
ir.cititrends.com
Company Research
Source: Seeking Alpha
Citi Trends' 2Q24 results were disappointing, with significant operational losses, inventory markdowns, and decelerating comparable revenues, raising concerns about the company's viability. The stock has lost 50% since February 2024, reflecting a 50% or higher chance of the company never recovering, making it a speculative play. The new CEO's strategies focus on improving product assortment, but results are yet to be seen, and costs have increased. The largest shareholder continues to accumulate shares, and the CEO invested $6 million in the stock. Given the high probability of failure, Citi Trends is not a long-term investment but could be considered a speculative Buy for those with a higher risk tolerance. Monty Rakusen Citi Trends ( NASDAQ: CTRN ) 2Q24 results were disappointing, with the company's comparable revenues decelerating, large inventory markdowns, and operational losses that 3x from last year. The new management CEO, who started in May, is implementing a new
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News
- Citi Trends, Inc. (NASDAQ: CTRN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Citi Trends, Inc. (NASDAQ: CTRN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Citi Trends Announces CEO Appointment and Q3 Comparable Store Sales Above Guidance [Yahoo! Finance]Yahoo! Finance
- Citi Trends Announces CEO Appointment and Q3 Comparable Store Sales Above GuidanceBusiness Wire
- Citi Trends Sets Date for Third Quarter 2024 Earnings Release and Conference CallBusiness Wire
CTRN
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 8-K
- 11/15/24 - Form SCHEDULE
- CTRN's page on the SEC website