La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Citi Trends a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Citi Trends..

Citi Trends (NASDAQ:CTRN) Azioni, Catena delle Opzioni

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.

Citi Trends Inc

CHAR TECHNOLOGIES LTD by CHAR TECHNOLOGIES LTD

CHAR Technologies Ltd

Q3 sales results are expected to be above the Company's previous outlook of second half comparable store sales results flat to up low single digits compared to prior year.
&nbsp;Gross margin for Q3 2024 is expected to be 39.8%, an increase of 160 basis points compared to Q3 2023. Sales and gross margin results are due to improved product, better allocation methods and increased customer traffic.&nbsp;
Q3 2024 Adjusted EBITDA is expected to be a loss of $3.3 million, which includes strategic costs for in-depth customer and market research and costs to improve operational processes.
More details will be provided with the Company's Q3 earnings release on December 3, 2024.

News

Management

CTRN

Citi Trends Reports Preliminary Q3 Results Above Prior Outlook; Preliminary Total Sales $179.1M (Est $178.651M), Comparable Store Sales Increase 5.7%

Citi Trends Appoints Ken Seipel As CEO

Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $23.5, a high estimate of $35.00, and a low estimate of $14.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 21.67%. 
<img src="https://www.benzinga.com/files/images/story/2024/1724860809_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of Citi Trends by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Lowers</td>
<td>Buy</td>
<td>$20.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Jeremy Hamblin</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Hold</td>
<td>$14.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Jeremy Hamblin</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Hold</td>
<td>$25.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$35.00</td>
<td>$35.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Citi Trends. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Citi Trends compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Citi Trends's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Citi Trends's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CTRN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Citi Trends analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Citi Trends</h2>
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.
<h3>Financial Insights: Citi Trends</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Positive Revenue Trend: Examining Citi Trends's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.67% as of 30 April, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -1.84%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -2.19%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Citi Trends's ROA excels beyond industry benchmarks, reaching -0.68%. This signifies efficient management of assets and strong financial health.
Debt Management: Citi Trends's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.48, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Analyst Expectations For Citi Trends's Future

DA Davidson analyst Michael Baker maintains Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) with a Buy and lowers the price target from $33 to $20.

Price Target

DA Davidson Maintains Buy on Citi Trends, Lowers Price Target to $20

Craig-Hallum analyst Jeremy Hamblin maintains Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) with a Hold and lowers the price target from $25 to $14.

Craig-Hallum Maintains Hold on Citi Trends, Lowers Price Target to $14

Citi Trends, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) shares are trading lower premarket Tuesday after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40571468/citi-trends-announces-second-quarter-fiscal-2024-results" rel="noreferrer noopener">reported second-quarter results</a>.
The company reported quarterly sales of $176.6 million, which increased by 1.7% Y/Y,&nbsp;missing the Wall Street consensus of $179.13 million.
Gross margin stood at 31.1%, compared to 38.2% in the same period last year. This was impacted by $9.4 million in markdowns from a strategic inventory reset and $4.0 million in shrinkage due to physical inventory results and accrual rate adjustments.
Citi Trends reported an adjusted loss per share of $1.94&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">vs. the consensus loss of $0.52.</a>
The company opened one new store, closed three stores, and remodeled 15 stores, ending the quarter with 597 locations.
Citi Trends had cash of $59.3 million at quarter-end, with no debt and no borrowings under a $75 million credit facility.
In the second quarter, the company did not repurchase any shares. As of the end of the quarter, $50.0 million remained available under the share repurchase program.
Outlook:&nbsp;Citi Trends anticipates a mid-single-digit decline in the second half of fiscal 2024 sales due to the 53rd week of <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">last year and store closures</a>.
For the second half of 2024, the company expects comparable store sales to be flat or increase by low single digits compared to the second half of fiscal 2023.
The company plans to close 10 to 15 underperforming stores this year, including the six already closed, as part of its fleet optimization strategy. It expects to end fiscal 2024 with approximately 590 stores.
Ken Seipel, Interim Chief Executive Officer, said, &#8220;Following an evaluation of several key areas of our business including an extensive review of our product assortment, we made the strategic decision to execute an inventory reset to quickly clear through slow-selling and aged inventory.&#8221;
&#8220;In Q2, our home and impulse categories delivered double digit comps and our back-to-school Children&#8217;s categories got off to a strong start. I am pleased to report that Q3 is off to a solid start with positive low-single-digit comparable store sales growth through the first three weeks of the quarter.&#8221;
Price Action:&nbsp;CTRN shares are trading lower by 11.8% at $14.50 premarket at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40572325" target="_blank" rel="noreferrer noopener">Alibaba Rival JD.Com Announces $5B Share Buyback Amid Recent Stock Downturn</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Earnings

Equities

Guidance

Small Cap

Movers

Citi Trends Shares Plunge Following Inventory Issues and Q2 Miss: Details

General

Citi Trends Expects 2024 Sales To Be Down Mid-single Digits Due To 53Rd Week Last Year And Store Closures

Second Half 2024 Outlook
The Company's outlook for the second half of fiscal 2024 is as follows:
<ul>
<li>Expecting second half comparable store sales to be flat to up low-single digits compared to second half of fiscal 2023; total sales expected to be down mid-single digits due to the 53rd week last year and store closures</li>
<li>Second half gross margin expected to be approximately 39%</li>
<li>Second half EBITDA&#x2A; expected to be positive, in a range of $0.5 million to $2.5 million, a significant improvement to first half results</li>
<li>The Company has completed its plans for store openings and remodels for the year with 1 new store and 35 remodels; planning to close 10 to 15 underperforming stores in the year, including the 6 closures completed year-to-date, as part of its ongoing fleet optimization; expecting to end fiscal 2024 with approximately 590 stores</li>
<li>Year-end cash balance is expected to be in the range of $60 million to $70 million</li>
<li>Full year capital expenditures reduced by 35% from prior outlook to approximately $13 million</li>
</ul>

Citi Trends Expects Second Half 2024 Comparable Store Sales To Be Flat To Up Low-single Digits Compared To Second Half Of Fiscal 2023

Citi Trends Q2 2024 GAAP EPS $(2.21) May Not Be Comparable To $(0.60) Estimate, Sales $176.552M Miss $179.125M Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$210.00</td>
<td>$25.4K</td>
<td>7.2K</td>
<td>23.7K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$90.00</td>
<td>$156.9K</td>
<td>24.1K</td>
<td>9.1K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$175.00</td>
<td>$34.6K</td>
<td>6.0K</td>
<td>8.4K</td>
</tr>
<tr>
<td>CAVA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$115.00</td>
<td>$30.8K</td>
<td>0</td>
<td>4.7K</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$3.00</td>
<td>$93.0K</td>
<td>4.6K</td>
<td>3.5K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$140.00</td>
<td>$27.5K</td>
<td>1.5K</td>
<td>2.4K</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$37.00</td>
<td>$43.2K</td>
<td>1.9K</td>
<td>1.0K</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$90.00</td>
<td>$47.3K</td>
<td>681</td>
<td>942</td>
</tr>
<tr>
<td>CTRN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$25.00</td>
<td>$25.4K</td>
<td>2.2K</td>
<td>883</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$33.00</td>
<td>$57.0K</td>
<td>15.7K</td>
<td>635</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on August 30, 2024. Parties traded 106 contract(s) at a $210.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $240.0 per contract. There were 7212 open contracts at this strike prior to today, and today 23787 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on September 20, 2024. This event was a transfer of 1200 contract(s) at a $90.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $156.9K, with a price of $130.0 per contract. There were 24126 open contracts at this strike prior to today, and today 9127 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bearish, expiring in 7 day(s) on August 30, 2024. This event was a transfer of 200 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $34.6K, with a price of $173.0 per contract. There were 6031 open contracts at this strike prior to today, and today 8466 contract(s) were bought and sold. 
• Regarding CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we observe a put option trade with bearish sentiment. It expires in 7 day(s) on August 30, 2024. Parties traded 199 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $30.8K, with a price of $155.0 per contract. There were 0 open contracts at this strike prior to today, and today 4715 contract(s) were bought and sold. 
• For PTON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), we notice a call option sweep that happens to be bearish, expiring in 56 day(s) on October 18, 2024. This event was a transfer of 499 contract(s) at a $3.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $93.0K, with a price of $187.0 per contract. There were 4622 open contracts at this strike prior to today, and today 3584 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on August 30, 2024. Parties traded 50 contract(s) at a $140.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $550.0 per contract. There were 1508 open contracts at this strike prior to today, and today 2419 contract(s) were bought and sold. 
• For MGM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on September 20, 2024. This event was a transfer of 163 contract(s) at a $37.00 strike. This particular call needed to be split into 72 different trades to become filled. The total cost received by the writing party (or parties) was $43.2K, with a price of $265.0 per contract. There were 1943 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a put option trade that happens to be bearish, expiring in 84 day(s) on November 15, 2024. This event was a transfer of 55 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $47.3K, with a price of $861.0 per contract. There were 681 open contracts at this strike prior to today, and today 942 contract(s) were bought and sold. 
• Regarding CTRN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>), we observe a put option sweep with bearish sentiment. It expires in 84 day(s) on November 15, 2024. Parties traded 26 contract(s) at a $25.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $980.0 per contract. There were 2233 open contracts at this strike prior to today, and today 883 contract(s) were bought and sold. 
• For DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we notice a call option sweep that happens to be neutral, expiring in 28 day(s) on September 20, 2024. This event was a transfer of 150 contract(s) at a $33.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $57.0K, with a price of $380.0 per contract. There were 15763 open contracts at this strike prior to today, and today 635 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BABA

CAVA

DKNG

Citigourp Global Markets 2% Protected Notes Linked To The Djia

PTON

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Although U.S. stocks closed mixed on Wednesday, 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">Zevra Therapeutics</h3>
<ul>
<li>The Trade: Zevra Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZVRA#NASDAQ">ZVRA</a>) CFO &amp; Treasurer R. Laduane Clifton <a href="https://www.benzinga.com/quote/ZVRA/analyst-ratings">acquired a total of 2,000 shares</a> at an average price of $6.77. To acquire these shares, it cost around $13,540.</li>
<li>What's Happening: On July 9, HC Wainwright &amp; Co. analyst Oren Livnat reiterated Zevra Therapeutics with a Buy and maintained a $15 price target.</li>
<li>What Zevra Therapeutics Does: Zevra Therapeutics Inc is a rare disease company combining science, data, and patient needs to create transformational therapies for diseases with limited or no treatment options.</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 3,000 shares at an average price of $20.06. To acquire these shares, it cost around $60,176.</li>
<li>What's Happening: On June 4, Citi Trends posted a narrower-than-expected quarterly loss.</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39814468/alphabet-crowdstrike-and-2-other-stocks-insiders-are-selling">Alphabet, CrowdStrike And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

Long Ideas

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

ZVRA

Insiders Buying Zevra Therapeutics And 1 Other Stock

Although U.S. stocks closed higher on Friday, 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">Appian</h3>
<ul>
<li>The Trade: Appian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>) 10% owner Colin T. Moran <a href="https://www.benzinga.com/quote/APPN/analyst-ratings">acquired a total of 545,121 shares</a> at an average price of $33.14. To acquire these shares, it cost around $18.13 million.</li>
<li>What's Happening: On May 2, Appian reported worse-than-expected quarterly earnings.</li>
<li>What Appian Does: Appian is a low-code enterprise platform-as-a-service company focusing on business process management.</li>
</ul>
<h3 class="wp-block-heading">Alta Equipment Group</h3>
<ul>
<li>The Trade: Alta Equipment Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTG#NYSE">ALTG</a>) 10% owner Thomas E Lynch acquired a total of 179,414 shares at an average price of $8.05. To acquire these shares, it cost around $1.4 million.</li>
<li>What's Happening: On July 3, Alta Equipment Group announced a quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share.</li>
<li>What Alta Equipment Group Does: Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S.</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">AMREP</h3>
<ul>
<li>The Trade: AMREP Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXR#NYSE">AXR</a>) 10% owner Rainey E. Lancaster <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 7,000 shares</a> at an average price of $20.10. To acquire these shares, it cost around $140,671.</li>
<li>What's Happening: On March 8, AMREP reported earnings of 2 cents per share for its 2024 fiscal third quarter, versus year-ago earnings of $3.12 per share.</li>
<li>What AMREP Does: Amrep Corp through its subsidiaries is engaged in the Real estate business.</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>) Interim CEO Kenneth Duane Seipel <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 282,644 shares</a> at an average price of $19.03. The insider spent around $5.4 million to buy those shares. </li>
<li>What's Happening: On June 4, Citi Trends posted a narrower-than-expected quarterly loss.</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39748049/how-to-earn-500-a-month-from-bank-of-america-stock-ahead-of-q2-earnings">How To Earn $500 A Month From Bank of America Stock Ahead Of Q2 Earnings</a></li>
</ul>

ALTG

APPN

Over $18M Bet On This Tech Stock? Check Out These 4 Stocks Insiders Are Buying

Although U.S. stocks closed mixed 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">Appian</h3>
<ul>
<li>The Trade: Appian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>) 10% owner Colin T. Moran <a href="https://www.benzinga.com/quote/APPN/analyst-ratings">acquired a total of 610,222 shares</a> at an average price of $31.28. To acquire these shares, it cost around $18.94 million.</li>
<li>What's Happening: On May 2, Appian reported worse-than-expected quarterly earnings.</li>
<li>What Appian Does: Appian is a low-code enterprise platform-as-a-service company focusing on business process management.</li>
</ul>
<h3 class="wp-block-heading">GameStop</h3>
<ul>
<li>The Trade: GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) Director Lawrence Cheng acquired a total of 4,140 shares at an average price of $24.85. To acquire these shares, it cost around $102,879.</li>
<li>What's Happening: During the last month's annual shareholder meeting, CEO Ryan Cohen delivered a brief but focused statement on the company's future, emphasizing a strategic pivot towards profitability through cost reduction and a streamlined retail presence.</li>
<li>What GameStop Does: GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer.</li>
</ul>
<h3 class="wp-block-heading">Citi Trends</h3>
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 <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 3,000 shares</a> at an average price of $19.34. To acquire these shares, it cost around $58,020.
What's Happening: On June 4, Citi Trends posted a narrower-than-expected quarterly loss.
What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39690602/delta-air-lines-likely-to-report-lower-q2-earnings-here-are-the-recent-forecast-changes-from-wall-s">Delta Air Lines Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Around $19M Bet On This Tech Stock? Check Out These 3 Stocks Insiders Are Buying

Although U.S. stocks closed mixed on Wednesday, 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">Tilly&#8217;s</h3>
<ul>
<li>The Trade: Tilly&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLYS#NYSE">TLYS</a>) 10% owner Pleasant Lake Partners LLC <a href="https://www.benzinga.com/quote/TLYS/analyst-ratings">acquired a total of 116,675 shares</a> at an average price of $5.56. To acquire these shares, it cost around $649,067.</li>
<li>What's Happening: On June 6, Tilly&#8217;s posted a wider-than-expected quarterly loss.</li>
<li>What Tilly&#8217;s Does: Tilly&#8217;s Inc works as a specialty retailer of casual apparel, footwear, and accessories for young men, young women, boys, and girls.</li>
</ul>
<h3 class="wp-block-heading">RE/MAX Holdings</h3>
<ul>
<li>The Trade: RE/MAX Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) 10% owner MAGNOLIA GROUP, LLC acquired a total of 26,522 shares at an average price of $8.03. To acquire these shares, it cost around $212,914.</li>
<li>What's Happening: On May 2, RE/MAX posted upbeat quarterly results.</li>
<li>What RE/MAX Holdings Does: RE/MAX Holdings Inc operates as a franchisor of real estate brokerage services. It recruits and retains agents and sells franchises.</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">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 <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 24,000 shares</a> at an average price of $19.95. To acquire these shares, it cost around $478,756.</li>
<li>What's Happening: On June 4, Citi Trends posted a narrower-than-expected quarterly loss.</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/24/07/39617741/top-3-health-care-stocks-that-may-crash-this-quarter">Top 3 Health Care Stocks That May Crash This Quarter</a>

RMAX

TLYS

Insiders Buying Citi Trends And 2 Other Stocks

Although U.S. stocks closed mixed 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">PBF Energy</h3>
<ul>
<li>The Trade: PBF Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBF#NYSE">PBF</a>) 10% owner Empresarial de Capitales S.A. de C.V. <a href="https://www.benzinga.com/quote/PBF/analyst-ratings">acquired a total of 700,000 shares</a> at an average price of $44.04. To acquire these shares, it cost around $30.83 million.</li>
<li>What's Happening: PBF Energy is expected to release its earnings results for the second quarter on Thursday, August 1.</li>
<li>What PBF Energy Does: PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States.</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 97,000 shares at an average price of $21.29. To acquire these shares, it cost around $2.07 million.</li>
<li>What's Happening: On June 5, Craig-Hallum analyst Jeremy Hamblin maintained Citi Trends&nbsp; with a Hold and lowered the price target from $27 to $25.</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
<h3 class="wp-block-heading">ProKidney</h3>
<ul>
<li>The Trade: ProKidney Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROK#NASDAQ">PROK</a>) 10% owner Control Empresarial de Capitales S.A. de C.V. <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 8,264,462 shares</a> at an average price of $2.42. To acquire these shares, it cost around $20 million.</li>
<li>What's Happening: On June 11, ProKidney announced the pricing of its upsized $130 million public offering of class A ordinary shares and concurrent registered direct offering</li>
<li>What ProKidney Does: ProKidney Corp is a clinical-stage biotechnology company with a transformative proprietary cell therapy platform capable of treating multiple chronic kidney diseases using a patient&#8217;s own cells isolated from the patient intended for treatment.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/24/06/39498386/wall-streets-most-accurate-analysts-weigh-in-on-3-energy-stocks-with-over-6-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 6% Dividend Yields</a>

PROK

Over $30M Bet On This Energy Stock? Check Out These 3 Stocks Insiders Are Buying

Although U.S. stocks closed mixed on Thursday, 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">Exxon Mobil</h3>
<ul>
<li>The Trade: Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) Director Maria S. Dreyfus <a href="https://www.benzinga.com/quote/XOM/analyst-ratings">acquired a total of 18,310 shares</a> at an average price of $109.25. To acquire these shares, it cost around $2 million.</li>
<li>What's Happening: Chevron and Exxon Mobil reportedly plan to file a federal lawsuit on Thursday to oppose the Biden administration's efforts to cut emissions from cars and light trucks and promote electric vehicle.</li>
<li>What Exxon Mobil Does: ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world.</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 74,190 shares at an average price of $21.75. To acquire these shares, it cost around $1.61 million.</li>
<li>What's Happening: On June 5, Craig-Hallum analyst Jeremy Hamblin maintained Citi Trends&nbsp; with a Hold and lowered the price target from $27 to $25.</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">Franklin Resources</h3>
<ul>
<li>The Trade: Franklin Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) 10% owner James H Dahl <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,000 shares</a> at an average price of $18.88. To acquire these shares, it cost around $188,792.</li>
<li>What's Happening: On March 8, AMREP reported earnings of 2 cents per share for its 2024 fiscal third quarter, versus year-ago earnings of $3.12 per share.</li>
<li>What Franklin Resources Does: Amrep Corp through its subsidiaries is engaged in the Real estate business.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39410338/top-4-consumer-stocks-that-may-keep-you-up-at-night-this-month">Top 4 Consumer Stocks that May Keep You Up At Night This Month</a>

$2M Bet On Exxon Mobil? Check Out These 3 Stocks Insiders Are Buying

Although U.S. stocks closed mixed on Friday, 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">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 <a href="https://www.benzinga.com/quote/CTRN/analyst-ratings">acquired a total of 75,015 shares</a> at an average price of $21.74. To acquire these shares, it cost around $1.63 million.</li>
<li>What's Happening: On June 5, Craig-Hallum analyst Jeremy Hamblin maintained Citi Trends &nbsp;with a Hold and lowered the price target from $27 to $25..</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
<h3 class="wp-block-heading">PBF Energy</h3>
<ul>
<li>The Trade: PBF Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBF#NYSE">PBF</a>) 10% owner Control Empresarial de Capitales S.A. de C.V. acquired a total of 521,400 shares at an average price of $44.26. To acquire these shares, it cost around $23.08 million.</li>
<li>What's Happening: PBF Energy is expected to release its earnings results for the second quarter on Thursday, August 1.</li>
<li>What PBF Energy Does: PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products 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">Old Point Financial</h3>
<ul>
<li>The Trade: Old Point Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPOF#NASDAQ">OPOF</a>) 10% owner John W Palmer <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 83,169 shares</a> at an average price of $14.80. To acquire these shares, it cost around $1.23 million.</li>
<li>What's Happening: On May 22, Old Point Financial declared a quarterly cash dividend of 14 cents per share on its common stock.</li>
<li>What Old Point Financial Does: Old Point Financial Corp functions in the financial services domain in the United States.</li>
</ul>
<h3 class="wp-block-heading">Ouster</h3>
<ul>
<li>The Trade: Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) Director Virginia Boulet <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,000 shares</a> at an average price of $10.30. The insider spent around $102,969 to buy those shares.</li>
<li>What's Happening: On May 22, Cantor Fitzgerald analyst Andres Sheppard downgraded Ouster from Overweight to Neutral and raised the price target from $8 to $13.</li>
<li>What Ouster Does: Ouster Inc is a provider of lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/06/39331770/wall-streets-most-accurate-analysts-weigh-in-on-3-tech-stocks-with-over-3-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Tech Stocks With Over 3% Dividend Yields</a>

OPOF

OUST

$23M Bet On PBF Energy? Check Out These 4 Stocks Insiders Are Buying

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&#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">Occidental Petroleum</h3>
<ul>
<li>The Trade: Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) 10% owner Warren E Buffett <a href="https://www.benzinga.com/quote/OXY/analyst-ratings">acquired a total of 2,565,477 shares</a> at an average price of $59.75. To acquire these shares, it cost around $153.3 million.</li>
<li>What's Happening: On May 24, Citigroup analyst Scott Gruber maintained Occidental Petroleum with a Neutral and lowered the price target from $69 to $65.</li>
<li>What Occidental Petroleum Does: Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East.</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 54,335 shares at an average price of $22.79. To acquire these shares, it cost around $1.24 million.</li>
<li>What's Happening: On June 4, the company reported quarterly sales of $186.3 million, which increased by 3.7% year over year.</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">PBF Energy</h3>
<ul>
<li>The Trade: PBF Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBF#NYSE">PBF</a>) 10% owner Control Empresarial de Capitales S.A. de C.V. <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 200,000 shares</a> at an average price of $45.37. To acquire these shares, it cost around $9.07 million.</li>
<li>What's Happening: On June 6, Wells Fargo analyst Roger Read maintained PBF Energy with an Overweight and lowered the price target from $67 to $66.</li>
<li>What PBF Energy Does: PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States.</li>
</ul>
<h3 class="wp-block-heading">Ford Motor</h3>
<ul>
<li>The Trade: Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) Director John L Thornton <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 24,790 shares</a> at an average price of $12.08. The insider spent around $299,463 to buy those shares.</li>
<li>What's Happening: Ford Motor recently reported a whopping 88% jump in electric vehicle sales in the U.S. for the first five months of 2024.</li>
<li>What Ford Does: Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39226661/top-4-tech-stocks-that-may-explode-this-month">Top 4 Tech Stocks That May Explode This Month</a>

Over $153M Bet On Occidental Petroleum? Check Out These 4 Stocks Insiders Are Buying

4 analysts have shared their evaluations of Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $30.5, a high estimate of $35.00, and a low estimate of $25.00. Witnessing a positive shift, the current average has risen by 1.67% from the previous average price target of $30.00.
<img src="https://www.benzinga.com/files/images/story/2024/1717610424_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Citi Trends among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jeremy Hamblin</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Hold</td>
<td>$25.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$35.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$35.00</td>
<td>-</td>
</tr>
<tr>
<td>Jeremy Hamblin</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Hold</td>
<td>$27.00</td>
<td>$28.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Citi Trends. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Citi Trends compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Citi Trends's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Citi Trends's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CTRN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Citi Trends analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Citi Trends's Background</h2>
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.
<h3>Citi Trends: A Financial Overview</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Citi Trends showcased positive performance, achieving a revenue growth rate of 2.73% as of 31 January, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Citi Trends's net margin is impressive, surpassing industry averages. With a net margin of 1.65%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Citi Trends's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.29% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Citi Trends's ROA stands out, surpassing industry averages. With an impressive ROA of 0.69%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Citi Trends's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.49.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 4 Analyst Ratings Have To Say About Citi Trends

Craig-Hallum analyst Jeremy Hamblin maintains Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) with a Hold and lowers the price target from $27 to $25.

Craig-Hallum Maintains Hold on Citi Trends, Lowers Price Target to $25

Craig-Hallum analyst Jeremy Hamblin maintained a Hold rating on Citi Trends (CTRN – Research Report) today. The company's shares closed yesterday a...

Citi Trends (CTRN) Gets a Hold from Craig-Hallum

Citi Trends, Inc. (CTRN) Q2 2024 Earnings Call Transcript

In a report released today, Michael Baker from D.A. Davidson maintained a Buy rating on Citi Trends (CTRN – Research Report). The company's shares ...

D.A. Davidson Sticks to Their Buy Rating for Citi Trends (CTRN)

Citi Trends Is Now A Binary Play On Its Going Concern. Not An Opportunity, But Approaching It

Benchmark Co. analyst John Lawrence maintained a Buy rating on Citi Trends (CTRN – Research Report) today and set a price target of $35.00. The com...

Benchmark Co. Reaffirms Their Buy Rating on Citi Trends (CTRN)

Citi Trends (CTRN) announced the Board of Directors has appointed Ken Seipel as CEO, effective November 18. Seipel has been serving as the Interim ...

Citi Trends names Ken Seipel as CEO

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Citi Trends ( ($CTRN) ) just unveiled an update. Citi Trends Inc. has appointed Kenneth Seipel as its permanent CEO, effective November 18, 2024, a...

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Citi Trends CEO Ken Seipel sheds interim tag; sees Q3 comparable store sales above guidance

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