Key Highlights:
- Citi Trends (CTRN, Financial) achieves non-GAAP EPS of $0.17, with revenue rising by 8.3% YoY to $201.73 million in Q1.
- Promising fiscal 2025 outlook with expected mid-single-digit store sales growth and a 200 basis point gross margin increase.
- Analysts project a potential upside with a target price of $30.50, a 12.92% increase from the current price.
Q1 Financial Performance
Citi Trends (CTRN) has reported a robust performance in the first quarter, demonstrating noteworthy growth with non-GAAP earnings per share of $0.17. The company’s revenue reached $201.73 million, marking an 8.3% increase compared to the same quarter the previous year. This reflects the company's strong market position and growth strategy execution.
Citi Trends also updated its fiscal 2025 projections, forecasting mid-single-digit growth in comparable store sales alongside an anticipated gross margin increment of approximately 200 basis points. Such optimistic projections hint at continued positive financial health and investor confidence.
Wall Street Analysts' Forecast
Analyst projections suggest a promising outlook for Citi Trends Inc (CTRN, Financial). The average one-year price target set by 2 analysts is $30.50, with estimates ranging from a high of $32.00 to a low of $29.00. This average target suggests a potential upside of 12.92% from the current trading price of $27.01, indicating room for growth.
For more in-depth analyst expectations, you can visit the Citi Trends Inc (CTRN, Financial) Forecast page.
Market sentiment reflected in brokerage firm recommendations rates Citi Trends Inc (CTRN, Financial) with an average recommendation of 2.0, representing an “Outperform” status. This rating implies a strong market position, as the scale used ranges from 1 to 5, with 1 equating to a Strong Buy and 5 to a Sell.
GuruFocus GF Value Analysis
The GF Value provided by GuruFocus gives a one-year estimate of $23.33 for Citi Trends Inc (CTRN, Financial), indicative of a 13.62% downside from the current market price of $27.01. The GF Value is a fair value estimate calculated based on historical trading multiples, past business growth, and future business performance estimates.
Investors looking for detailed insights can explore further on the Citi Trends Inc (CTRN, Financial) Summary page.