Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- Hitting Home Runs & Grand Slams, Not Loud Outs
- RTI: Do Stocks Tank When QE Ends?
- 3 Top-Ranked Consumer ETFs to Buy Now
- This Week's Aggressive Growth Stocks
- Who Wants to Keep "Too Big to Fail" Alive?
- Debt-Ceiling Alarm Bell Tolls
- Avoid These 3 Eurozone ETFs This Summer
- RTI: When Will We Finally See a Pullback?
- Top Stocks with Big Potential Catch-Up Moves
- AWS 5/22: Will Bernanke Show His Hand?
- PFP 5/22: Singular Stock Focus Continues
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/22/2013
| Company Name | Symbol | %Change |
|---|---|---|
| ALLIANCE FIB | AFOP | 9.31% |
| SONIC FOUNDR | SOFO | 7.77% |
| VELTI PLC OR | VELT | 7.58% |
| TRI TECH HOL | TRIT | 6.62% |
| A M R CP | AAMRQ | 4.52% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
We maintain our long-term Underperform rating on Citi Trends Inc. ( CTRN - Analyst Report ) , a value-priced retailer of urban fashion apparel and accessories. The company’s poor performance in the last two straight quarters on account of falling comparable store sales and heightened operating costs keeps us negative on the stock.
Citi Trends’ fourth-quarter adjusted loss per share of 18 cents fell drastically from the year-ago quarter earnings per share of 64 cents. The results, however, bettered the Zacks Consensus Estimate of a loss of 20 cents per share. Comparable store sales dropped 6.2% in the fourth quarter of fiscal 2011.
Poor quarterly results also pulled down the company’s fiscal year results posting an adjusted loss per share of 42 cents, which lagged behind the earnings per share of $1.44 reported in fiscal 2011. Loss per share for the year spiked higher than the Zacks Consensus Estimate of a loss of 35 cents per share.
With a string of weak quarterly results in 2011 amid shrinking comparable store sales, Citi Trends have mostly deterred investor sentiment. Further, due to uncertainty hovering around sales, given the global economic unrest, the company decided not to provide any guidelines unless it finds any near- term catalysts to drive sales.
Further, Citi Trends’ business is seasonal in nature and typically generates stronger sales during the first and fourth quarters, which are characterized by the spring and holiday seasons. As a result, the company is exposed to significant risks if these seasons fail to deliver expected operating performance.
Intense competition from other retailers and risks associated with sourcing merchandise from developing countries may further undermine the company’s future growth prospects.
Citi Trends operates in a highly fragmented specialty retail sector and faces intense competition from larger off-price rivals, such as The TJX Companies Inc. ( TJX - Analyst Report ) and Ross Stores Inc. ( ROST - Snapshot Report ) , mass merchants including Wal-Mart Stores Inc. ( WMT - Analyst Report ) as well as smaller specialty retailers, such as Rainbow and Dots.
Currently, Citi Trends has a Zacks #5 Rank, implying a short-term ‘Strong Sell’ rating on the stock.
Read the full Analyst Report on CTRN
Read the full Analyst Report on WMT
Read the full Snapshot Report on ROST
Read the full Analyst Report on TJX