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Bear of the Day

Citi Trends, Inc. (CTRN)

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By: Zacks Equity Research
October 28, 2009 | Comment(s): 0
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Citi Trends (CTRN - Analyst Report) is exposed to continuing macroeconomic headwinds, which is adversely affecting its performance. The company recorded a 12.4% decline in same-store sales during fiscal 2009 second quarter, while its store expansion efforts dragged down operating results.

Moreover, intense competition from other off-price retailers, mass merchants and smaller players is exerting immense pressure on the company s profitability. These factors severely undermine the company's future growth prospects and sustainability.

Our recommendation for the company is Underperform, as we anticipate it to perform well below the broader market.

Citi Trends, Inc. (CTRN) : FULL ANALYST REPORT

Bear of the Day
Every day we feature one stock with a Zacks Recommendation of Sell that is set to underperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy and Sell rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on CTRN

 

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