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Bull of the Day: Citi Trends
by Zacks Equity ResearchJanuary 11, 2013 | Comments : 0 Recommended this article: ()
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Net sales increased 4.1% to $149 million and surpassed the Zacks Consensus Estimate of $142 million. We believe that Citi Trends' effective cost-control initiatives and inventory management are gradually putting the company back on the growth trajectory.
Moreover, Citi Trends' extensive focus on store expansion is set to drive top-line growth in the future. Our target price of $14.00 is based on P/CF multiple of 11.0x.