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Zacks #1 Stocks on the Move 05/17/2013
| Company Name | Symbol | %Change |
|---|---|---|
| VIASAT INC | VSAT | 19.35% |
| OLD SECOND B | OSBC | 5.76% |
| GAMCO INVEST | GBL | 4.61% |
| CORNING INC | GLW | 4.47% |
| SYNCHRONOSS | SNCR | 4.23% |
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Despite a 5% decline in comparable store sales, Citi Trends net sales increased 4.5% from the prior-year quarter, beating the Zacks Consensus Estimate. We believe Citi Trends effective cost-control initiatives and inventory management has helped it to drive growth.
Moreover, Citi Trends' extensive focus on store expansion strategy will drive top-line growth in the future. Looking ahead, the company has taken prudent steps to reduce inventory shrinkages, which we believe will facilitate its operational performance.
Read the full Analyst Report on CTRN