Citi Trends Stock (NASDAQ:CTRN), Trade Ideas

Citi Trends

Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.

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CTRN

LOVE

RELL

Over $1M Bet On Citi Trends? Check Out These 3 Stocks Insiders Are Buying

Small Cap

MCFT

PSTL

Although U.S. stocks closed lower on Friday, there were a few notable insider trades.

Over $1M Bet On This Consumer Cyclical Stock? Check Out These 3 Stocks Insiders Are Buying

Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades.

Insiders Buying Walgreens And 2 Other Stocks

Citi Trends Inc

CHAR TECHNOLOGIES LTD by CHAR TECHNOLOGIES LTD

CHAR Technologies Ltd

Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Lovesac</h3>
<ul>
<li>The Trade: The Lovesac Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) EVP and CFO Keith R. Siegner <a href="https://www.benzinga.com/quote/LOVE/analyst-ratings">acquired a total of 4,800 shares</a> at an average price of $20.81. To acquire these shares, it cost around $99,864.</li>
<li>What's Happening: On April 17, Maxim Group analyst Tom Forte initiated coverage on Lovesac with a Buy rating and announced a price target of $36.</li>
<li>What Lovesac Does: The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs.</li>
</ul>
<h3 class="wp-block-heading">Citi Trends</h3>
<ul>
<li>The Trade: Citi Trends, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) 10% owner Pleasant Lake Partners LLC acquired a total of 65,495 shares at an average price of $22.07. To acquire these shares, it cost around $1.45 million.</li>
<li>What's Happening: On March 19, Citi Trends reported worse-than-expected fourth-quarter financial results.</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Richardson Electronics</h3>
<ul>
<li>The Trade: Richardson Electronics, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) Director Kenneth Halverson <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 2,500 shares</a> at an average price of $10.05. The insider spent around $25,123 to buy those shares.</li>
<li>What's Happening: On April 10, Richardson Electronics posted upbeat quarterly earnings.</li>
<li>What Richardson Electronics Does: Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38396305/tesla-boeing-and-3-stocks-to-watch-heading-into-wednesday">Tesla, Boeing And 3 Stocks To Watch Heading Into Wednesday</a>

Although U.S. stocks closed lower on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>MasterCraft Boat Holdings </h3>
<ul>
<li>The Trade: MasterCraft Boat Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcft#NASDAQ">MCFT</a>) 10% owner Adam Gray <a href="https://www.benzinga.com/quote/MCFT/analyst-ratings"> acquired a total of 72,608 shares </a> an average price of $21.74. To acquire these shares, it cost around $1.58 million.</li>
<li>What&rsquo;s Happening: On March 4, MasterCraft Boat Holdings named Brad Nelson as CEO.</li>
<li>What MasterCraft Boat Does: MasterCraft Boat Holdings Inc designs, manufactures, and markets performance sport boats and outboard boats.</li>
</ul>
<h3>Citi Trends </h3>
<ul>
<li>The Trade: Citi Trends, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctrn#NASDAQ">CTRN</a>) 10% owner Pleasant Lake Partners LLC acquired a total of 62,282 shares at an average price of</li>
<li>$22.99. To acquire these shares, it cost around $1.43 million.</li>
<li>What&rsquo;s Happening: On March 19, Citi Trends reported worse-than-expected fourth-quarter financial results.</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Postal Realty Trust </h3>
<ul>
<li>The Trade: Postal Realty Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pstl#NYSE">PSTL</a>) CEO and Director Andrew Spodek <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 10,000 shares </a> at an average price of $13.75. To acquire these shares, it cost around $137,500.</li>
<li>What&rsquo;s Happening: On Feb. 26, Postal Realty Trust posted upbeat quarterly sales.</li>
<li>What Postal Realty Trust Does: Postal Realty Trust Inc is an internally managed real estate corporation that owns and manages properties leased to the United States Postal Service, or the USPS.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38242372/m-t-bank-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call"> M&amp;T Bank Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </a>

Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
Walgreens Boots Alliance 
The Trade: Walgreens Boots Alliance, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wba#NASDAQ">WBA</a>) EVP and Global CFO Manmohan Mahajan <a href="https://www.benzinga.com/quote/SOWG/analyst-ratings"> acquired a total of 6,000 shares </a> an average price of $19.38. To acquire these shares, it cost around $116,280.
What&rsquo;s Happening: On April 1, Morgan Stanley analyst Erin Wright maintained Walgreens with an Underweight and lowered the price target from $21 to $20.
What Walgreens Boots Alliance Does: Walgreens Boots Alliance is one of the largest retail pharmacy chains in the U.S., with over 8,500 locations. Nearly three quarters of Americans live within five miles of a Walgreens location.
Citi Trends 
The Trade: Citi Trends, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctrn#NASDAQ">CTRN</a>) 10% owner Pleasant Lake Partners LLC acquired a total of 18,000 shares at an average price of $27.10. To acquire these shares, it cost around $487,832.
What&rsquo;s Happening: On March 19, Citi Trends reported worse-than-expected fourth-quarter financial results.
What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
PureCycle Technologies 
The Trade: PureCycle Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pct#NASDAQ">PCT</a>) 10% owner Fernando Musa <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 18,303 shares </a> at an average price of $5.46. To acquire these shares, it cost around $99,934.
What&rsquo;s Happening: On March 5, PureCycle Technologies, issued a corporate update for the fourth quarter and fiscal year ending Dec. 31, 2023.
What PureCycle Technologies Does: PureCycle Technologies Inc holds a license to commercialize the only patented solvent-based purification recycling technology, developed by The Procter &amp; Gamble Company (P&amp;G), for restoring waste polypropylene (PP) into a virgin-like resin.
&nbsp;
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Craig-Hallum analyst Jeremy Hamblin downgrades Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) from Buy to Hold.

Downgrades

Analyst Ratings

Craig-Hallum Downgrades Citi Trends to Hold

Benchmark analyst John Lawrence reiterates Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) with a Buy and maintains $35 price target.

Price Target

Reiteration

Benchmark Reiterates Buy on Citi Trends, Maintains $35 Price Target

Citi Trends Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) reported fourth-quarter FY23 sales growth of 2.7% year-on-year to $215.18 million, <a href="https://www.benzinga.com/pressreleases/24/03/b37816028/citi-trends-announces-fourth-quarter-and-fiscal-2023-results" target="_blank" rel="noreferrer noopener">missing the analyst consensus estimate of $216.32 million</a>.
Comparable store sales declined 1.5%. Adjusted EPS of $0.53&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missed the analyst consensus of $0.80.&nbsp;</a>
Gross margin of 39.1% fell 40 basis points Y/Y. The company reported an operating income of $3.9 million with an operating margin of 1.8%.&nbsp;
Quarter-end total inventory increased 23.3% versus last year. Adjusted EBITDA of $10 million decreased 18.6% Y/Y.
Citi Trends held $79.7 million in cash and equivalents as of February 3, 2024.
At the end of the fiscal 2023, $50 million remained available under the company&#8217;s share repurchase program. The company did not repurchase any shares of its common stock in the quarter.
&#8220;Midway through the first quarter, we are encouraged by our positive comp results and sequential improvement versus prior quarters driven by traffic growth and strong conversion. We have several initiatives in flight that are delivering strong sales lifts including store remodels, category comebacks and marketing,&#8221; said CEO David Makuen.
Outlook: Citi Trends sees FY24 comparable store sales growth of mid-single digits.
The company plans to open up to 5 new stores, remodel approximately 40 stores, and close 10 to 15 underperforming stores as part of its ongoing fleet optimization.
Price Action: CTRN shares are trading lower by 7.46% at $28.40 on the last check Tuesday.
Photo via Wikimedia Commons

Earnings

Equities

Guidance

Movers

Why Clothing Chain Citi Trends' Shares Are Plummeting Today

WIIM

Citi Trends shares are trading lower after the company reported worse-than-expected Q4 financial results.

<h3>Gainers</h3>
<ul>
<li>Foresight Autonomous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSX#NASDAQ">FRSX</a>) shares moved upwards by 8.3% to $1.04 during Tuesday's pre-market session. The market value of their outstanding shares is at $15.9 million. </li>
<li>Soho House (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>) shares rose 6.48% to $6.4. The company's market cap stands at $1.2 billion. The company's, Q4 earnings came out 2 days ago. </li>
<li>NWTN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) shares increased by 6.31% to $4.21. The company's market cap stands at $1.2 billion. </li>
<li>GAN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAN#NASDAQ">GAN</a>) shares moved upwards by 4.68% to $1.34. The market value of their outstanding shares is at $60.4 million. As per the news, the Q4 earnings report came out 4 days ago. </li>
<li>Forza X1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRZA#NASDAQ">FRZA</a>) shares increased by 4.65% to $0.48. The company's market cap stands at $7.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) stock decreased by 15.3% to $26.0 during Tuesday's pre-market session. The company's market cap stands at $222.1 million. The company's, Q4 earnings came out today. </li>
<li>Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) stock fell 10.15% to $0.62. The company's market cap stands at $12.5 million. </li>
<li>Tile Shop Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTSH#NASDAQ">TTSH</a>) stock decreased by 7.72% to $6.1. The market value of their outstanding shares is at $271.5 million. </li>
<li>JOANN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOAN#NASDAQ">JOAN</a>) stock decreased by 7.22% to $0.17. The company's market cap stands at $7.1 million. </li>
<li>Lincoln Educational Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINC#NASDAQ">LINC</a>) stock decreased by 6.97% to $8.68. The company's market cap stands at $275.6 million. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) shares declined by 6.95% to $0.54. The company's market cap stands at $86.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CJET

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JOAN

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NWTN

SHCO

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11 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session

Retail Sales

General

Citi Trends Plans To Open Up To 5 New Stores, Remodel Approximately 40 Stores, And Close 10-15 Underperforming Stores As Part Of Its Ongoing Fleet Optimization; Expecting To End Fiscal 2024 With Approximately 595 Stores

Citi Trends Expecting Full Year 2024 Comparable Store Sales Growth Of Mid-single Digits, With EBITDA Planned To Be $4M-$10M

Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) reported quarterly earnings of $0.53 per share which missed the analyst consensus estimate of $0.79 by 32.91 percent. This is a 36.14 percent decrease over earnings of $0.83 per share from the same period last year. The company reported quarterly sales of $215.18 million which missed the analyst consensus estimate of $216.32 million by 0.53 percent. This is a 2.73 percent increase over sales of $209.46 million the same period last year.

Citi Trends Q4 Adjusted EPS $0.53 Misses $0.79 Estimate, Sales $215.18M Miss $216.32M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Tencent Music Enter Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) is projected to report quarterly earnings at $0.14 per share on revenue of $931.97 million.
&bull; HUYA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUYA#NYSE">HUYA</a>) is likely to report quarterly loss at $0.12 per share on revenue of $210.04 million.
&bull; Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is expected to report quarterly earnings at $0.85 per share on revenue of $694.33 million.
&bull; XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) is likely to report quarterly loss at $0.46 per share on revenue of $1.86 billion.
&bull; Core &amp; Main (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) is likely to report quarterly earnings at $0.35 per share on revenue of $1.43 billion.
&bull; Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) is likely to report quarterly earnings at $0.79 per share on revenue of $216.32 million.
&bull; ZKH Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NYSE">ZKH</a>) is projected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) is likely to report earnings for its fourth quarter.
&bull; Orla Mining (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ORLA#AMEX">ORLA</a>) is estimated to report earnings for its fourth quarter.
&bull; Design Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGN#NASDAQ">DSGN</a>) is estimated to report earnings for its fourth quarter.
&bull; HealthEquity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQY#NASDAQ">HQY</a>) is projected to report quarterly earnings at $0.56 per share on revenue of $258.13 million.
&bull; TeraWulf (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) is projected to report quarterly loss at $0.02 per share on revenue of $24.16 million.
&bull; Taysha Gene Therapies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSHA#NASDAQ">TSHA</a>) is likely to report quarterly loss at $0.11 per share on revenue of $2.65 million.
&bull; Cyclacel Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) is expected to report earnings for its fourth quarter.
&bull; Corvus Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVS#NASDAQ">CRVS</a>) is estimated to report earnings for its fourth quarter.
&bull; Bridger Aerospace Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) is projected to report earnings for its fourth quarter.
&bull; Relmada Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLMD#NASDAQ">RLMD</a>) is likely to report earnings for its fourth quarter.
&bull; ZTO Express (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) is expected to report quarterly earnings at $0.37 per share on revenue of $1.52 billion.
&bull; Precigen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGEN#NASDAQ">PGEN</a>) is expected to report quarterly loss at $0.08 per share on revenue of $1.70 million.
&bull; Harrow (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HROW#NASDAQ">HROW</a>) is projected to report quarterly loss at $0.04 per share on revenue of $37.86 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

BAER

CRVS

CYCC

DSGN

HROW

HUYA

MITK

ORLA

PGEN

RLMD

TSHA

WULF

XPEV

Earnings Scheduled For March 19, 2024

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Core &amp; Main, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnm#NYSE">CNM</a>) to report quarterly earnings at 35 cents per share on revenue of $1.43 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Core &amp; Main shares fell 0.4% to $50.50 in after-hours trading.
JOYY Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yy#NASDAQ">YY</a>) posted upbeat earnings for its fourth quarter. The company said it sees first-quarter net revenues of $543 million to $560 million versus market estimates of $579.45 million. JOYY shares gained 2% to $34.05 in the after-hours trading session.
Analysts are expecting Caleres, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cal#NYSE">CAL</a>) to have earned 85 cents per share on revenue of $694.33 million for the latest quarter. The company will release earnings before the markets open. Caleres shares rose 0.6% to $39.00 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
National CineMedia, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncmi#NASDAQ">NCMI</a>) posted upbeat results for its fourth quarter and disclosed a new $100 million share repurchase program. The company said it sees first-quarter total revenue of $34.5 million to $35.5 million. National CineMedia shares jumped 18% to $4.98 in the after-hours trading session.
Analysts expect Citi Trends, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctrn#NASDAQ">CTRN</a>) to post quarterly earnings at 79 cents per share on revenue of $216.32 million before the opening bell. Citi Trends shares fell 1.7% to $30.16 in the after-hours trading session.
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Penny Stocks

NCMI

Core & Main, Caleres And 3 Stocks To Watch Heading Into Tuesday

The CNN Money Fear and Greed index showed another decline in the overall market sentiment, while the index remained in the &quot;Greed&quot; zone on Monday.
U.S. stocks closed higher on Monday, with the S&amp;P 500 snapping a three-session losing streak. The US Federal Reserve will start its two-day policy meeting today and will announce its interest-rate decision on Wednesday.
Shares of Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) gained over 4% on Monday following a report suggesting Apple (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is in discussions to integrate Google <a href="https://www.benzinga.com/money/gemini-review/">Gemini</a> into the iPhone. Shares of Science Applications International Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/saic#NYSE">SAIC</a>) fell around 10% during Monday&rsquo;s session after reporting fourth-quarter results.
On the economic data front, the NAHB/Wells Fargo Housing Market Index rose to 51 in March, the highest reading in eight months, compared to 48 in February, and beating market estimates of 48.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer staples, consumer discretionary, and communication services stocks recording the biggest gains on Monday. However, healthcare and real estate stocks bucked the overall market trend, closing the session slightly lower.
The Dow Jones closed higher by over 75 points to 38,790.43 on Monday. The S&amp;P 500 rose 0.63% at 5,149.42, while the Nasdaq Composite climbed 0.82% at 16,103.45 during Monday&rsquo;s session.
Investors are awaiting earnings results from Citi Trends, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctrn#NASDAQ">CTRN</a>), Caleres, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cal#NYSE">CAL</a>) and Core &amp; Main, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctrn#NYSE">CTRN</a>) today.
At a current reading of 71.5, the index remained in the &quot;Greed&quot; zone on Monday, versus a prior reading of 72.5.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Read Next: <a href="https://www.benzinga.com/news/24/03/37779982/top-4-tech-stocks-that-may-collapse-in-march"> Top 4 Tech Stocks That May Collapse In March </a>
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Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-03-19. Here's what investors need to know before the announcement.
Analysts estimate that Citi Trends will report an earnings per share (EPS) of $0.79. 
Citi Trends bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Citi Trends's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td>-0.97</td>
<td>-0.30</td>
<td>0.81</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.56</td>
<td>-0.60</td>
<td>-0.66</td>
<td>0.83</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>8.0%</td>
<td>-6.0%</td>
<td>-10.0%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Citi Trends were trading at $30.41 as of March 15. Over the last 52-week period, shares are up 41.26%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/CTRN/earnings">To track all earnings releases for Citi Trends visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Citi Trends

Although U.S. stocks closed lower on Monday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Mueller Water Products </h3>
<ul>
<li>The Trade: Mueller Water Products, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mwa#NYSE">MWA</a>) Director Arsdell Stephen C Van <a href="https://www.benzinga.com/quote/MWA/analyst-ratings"> acquired a total of 10,000 shares </a> an average price of $15.42. To acquire these shares, it cost around $154,200.</li>
<li>What&rsquo;s Happening: On Feb. 8, Mueller Water Products posted upbeat quarterly earnings.</li>
<li>What Mueller Water Products Does: Mueller Water Products, Inc. is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water.</li>
</ul>
<h3>Citi Trends </h3>
<ul>
<li>The Trade: Citi Trends, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctrn#NASDAQ">CTRN</a>) 10% owner Pleasant Lake Onshore Feeder Fund LP acquired a total of 141,438 shares at an average price of $30.89. To acquire these shares, it cost around $4.37 million.</li>
<li>What&rsquo;s Happening: On Jan. 8, Citi Trends said comparable store sales for quarter-to-date period ending Jan. 6, 2024, fell 0.3%.</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Carvana </h3>
<ul>
<li>The Trade: Carvana Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvna#NYSE">CVNA</a>) Director Neha Parikh <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 1,300 shares </a> at an average price of $77.00. To acquire these shares, it cost around $100,100.</li>
<li>What&rsquo;s Happening: On Feb. 28, the company debuted its newest Car Vending Machine in San Diego, California.</li>
<li>What Carvana Does: Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues.</li>
</ul>
<h3>SolarEdge Technologies </h3>
<ul>
<li>The Trade: SolarEdge Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>) Director More Avery <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 7,000 shares </a> at an average price of $67.75. The insider spent around $474,250 to buy those shares.</li>
<li>What&rsquo;s Happening: On Feb. 20, SolarEdge reported mixed fourth-quarter financial results and issued first-quarter revenue guidance below estimates.</li>
<li>What SolarEdge Technologies Does: SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/03/37474390/fear-greed-index-remains-in-extreme-greed-zone-s-p-500-falls-from-record-high"> Fear &amp; Greed Index Remains In &#39;Extreme Greed&#39; Zone; S&amp;P 500 Falls From Record High </a>

CVNA

SEDG

Over $4M Bet On Citi Trends? Check Out These 4 Stocks Insiders Are Buying

Total sales for the quarter-to-date period ending January 6, 2024 of&nbsp;$179.5 million&nbsp;compared to&nbsp;$181.9 million&nbsp;in the same period in 2022.

Citi Trends Reports Comparable Store Sales For Quarter-To-Date Period Ending January 6, 2024, Of Down 0.3%; Reaffirms 2023 Guidance Including Expected Year End Cash Balance Of $80M-$90M

As of Jan. 2, 2024, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>MEDIROM Healthcare Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrm#NASDAQ">MRM</a>)</h3>
<ul>
<li>The company&rsquo;s stock jumped around 43% over the past five days and has a <a href="https://www.benzinga.com/quote/MRM">52-week high of $7.40 </a>.</li>
<li>RSI Value: 73.29</li>
<li>MRM Price Action: Shares of MEDIROM Healthcare Technologies gained 7.9% to close at $5.72 on Friday.</li>
</ul>
<h3>Educational Development Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/educ#NASDAQ">EDUC</a>)</h3>
<ul>
<li>On Oct. 12, Educational Development posted a profit for the second quarter. Per Mr. Craig White, President and CEO of Educational Development Corporation, &quot;Our PaperPie division&#39;s second quarter net revenues decreased $6.6 million from the second quarter of last year, primarily due to the decrease in active Brand Partners, which is our key indicator of sales volumes for this division.&quot; The company&rsquo;s stock gained around 30% over the past month and <a href="https://www.benzinga.com/quote/EDUC"> has a 52-week high </a> of $4.00.</li>
<li>RSI Value: 70.99</li>
<li>EDUC Price Action: Shares of Educational Development gained 5.5% to close at $1.16 on Friday.</li>
</ul>
<h3>Citi Trends, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctrn#NASDAQ">CTRN</a>)</h3>
<ul>
<li>On Dec. 6, Citi Trends adopted limited duration stockholder rights plan. The company&rsquo;s stock jumped around 19% over the past month and has a <a href="https://www.benzinga.com/quote/CTRN"> 52-week high </a> of $34.94.</li>
<li>RSI Value: 70.58</li>
<li>CTRN Price Action: Shares of Citi Trends gained 3% to close at $28.28 on Friday.</li>
</ul>
<h3>Garrett Motion Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtx#NASDAQ">GTX</a>)</h3>
<ul>
<li>On Dec. 11, Garrett Motion announced that Garrett performance launched an e-commerce platform, Garrett Marketplace. The company&rsquo;s stock gained around 28% over the past month and has a 52-week high is $9.75.</li>
<li>RSI Value: 82.84</li>
<li>GTX Price Action: Shares of Garrett Motion gained 0.7% to close at $9.67 on Friday.</li>
</ul>
<h3>Lennar Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/len#NYSE">LEN</a>)</h3>
<ul>
<li>On Dec. 14, Lennar reported better-than-expected results for its fourth quarter. Stuart Miller, executive chairman and co-CEO of Lennar, said, &quot;We are pleased to report another strong quarter and year-end, against the backdrop of evolving, though constructive, market conditions. During our fourth quarter, the economic environment shifted as interest rates rose for most of the quarter, and then subsided. Higher interest rates tested homebuyer sentiment, although purchasers remained responsive to incentives that enabled affordability.&quot; The company&rsquo;s stock jumped around 30% over the past five days and <a href="https://www.benzinga.com/quote/LEN"> has a 52-week high </a> of $156.01.</li>
<li>RSI Value: 71.15</li>
<li>LEN Price Action: Shares of Lennar fell 0.1% to close at $149.04 on Friday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/12/36407128/how-to-earn-500-a-month-from-verizon-stock"> How To Earn $500 A Month From Verizon Stock </a>

Short Ideas

EDUC

Top 5 Consumer Stocks You May Want To Dump This Quarter

The Board adopted the Rights Plan in response to one of its stockholders quickly accumulating a significant number of shares in the open market.&nbsp;Under the Rights Plan, the Rights generally would become exercisable only if any person (or group) acquires&nbsp;16%&nbsp;(or&nbsp;20%&nbsp;for certain passive investors) or more of Citi Trends&#39; outstanding common stock. The Rights Plan expires on December 4, 2024.

Citi Trends Board Adopts Limited Duration Stockholder Rights Plan In Response To One Of Its Stockholders Quickly Accumulating A Significant Number Of Shares In Open Market

The Board adopted the Rights Plan in response to one of its stockholders quickly accumulating a significant number of shares in the open market. The Rights Plan has not been adopted in response to any specific takeover bid or other proposal to acquire control of the Company and is not intended to deter offers that are fair and otherwise in the best interests of the Company and its stockholders.
The Rights Plan is similar to stockholder rights plans adopted by other publicly held companies. Under the Rights Plan, the Rights generally would become exercisable only if any person (or group) acquires&nbsp;16%&nbsp;(or&nbsp;20%&nbsp;for certain passive investors) or more of Citi Trends&#39; outstanding common stock, except that any person or group who currently owns the triggering percentage or more may continue to own such shares of common stock. However, any owner of the relevant triggering percentage or more may not, subject to the terms of the Rights Plan, acquire any additional shares without triggering the Rights Plan. The Rights Plan does not aggregate the ownership of stockholders &quot;acting in concert&quot; unless they have formed a group, or the shares would otherwise be aggregated, under applicable securities laws.
The Rights Plan expires on December 4, 2024, unless earlier redeemed, exchanged or amended.&nbsp;

Citi Trends Adopts Limited Duration Stockholder Rights Plan

Citi Trends Q4 2024 Earnings Preview

Citi Trends Non-GAAP EPS of $0.53 misses by $0.27, revenue of $215.18M misses by $1.14M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Citi Trends (NASDAQ:<a href="https://investorplace.com/stock-quotes/ctrn-stock-quote/">CTRN</a>) just reported results for the fourth quarter of 2023.<ul><li>Citi Trends reported earnings per share of 53 cents. This was below the analyst estimate for EPS of 79 cents.</li><li>The company reported revenue of $215.18 million.</li><li>This was 0.53% worse than the analyst estimate for revenue of $216.32 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/03/ctrn-stock-earnings-citi-trends-for-q4-of-2023/">CTRN Stock Earnings: Citi Trends Misses EPS, Misses Revenue for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

CTRN Stock Earnings: Citi Trends Misses EPS, Misses Revenue for Q4 2023

Citi Trends, Inc. (CTRN) Q4 2023 Earnings Call Transcript

Citi Trends Inc (CTRN) said before open Tuesday that it earned $0.53 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.On the revenue line, the company reported $215.2 million, missing estimates by $1.1 million.In t

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RACE

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Citi Trends Announces Second Quarter 2023 Results

FX Margine Broker Reveals Insiders Boost Confidence in Citi Trends with Multiple Stock Purchases

The AZEK® Company Announces Changes to its Board of Directors

Citi Trends Sets Date for Third Quarter 2023 Earnings Release and Conference Call

Citi Trends Announces Third Quarter 2023 Results

Citi Trends Announces 2023 Holiday Sales Results for Quarter-to-date Through January 6, 2024

Citi Trends Announces Refresh of Board of Directors

Citi Trends Sets Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Citi Trends Announces Fourth Quarter and Fiscal 2023 Results

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