We maintain our long-term Underperform rating on Citi Trends Inc. (NASDAQ:CTRN), 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 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards