Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Buys 6,330 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc acquired 6,330 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was purchased at an average price of $22.76 per share, for a total transaction of $144,070.80. Following the completion of the acquisition, the insider now owns 1,992,397 shares in the company, valued at approximately $45,346,955.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Friday, May 3rd, Fund 1 Investments, Llc purchased 5,000 shares of Citi Trends stock. The stock was purchased at an average cost of $22.07 per share, for a total transaction of $110,350.00.
• On Wednesday, May 1st, Fund 1 Investments, Llc bought 30,000 shares of Citi Trends stock. The shares were acquired at an average cost of $21.47 per share, for a total transaction of $644,100.00.
• On Monday, April 29th, Fund 1 Investments, Llc purchased 10,800 shares of Citi Trends stock. The stock was acquired at an average cost of $21.79 per share, for a total transaction of $235,332.00.
• On Friday, April 26th, Fund 1 Investments, Llc acquired 11,300 shares of Citi Trends stock. The shares were acquired at an average cost of $22.20 per share, with a total value of $250,860.00.
• On Wednesday, April 24th, Fund 1 Investments, Llc bought 4,800 shares of Citi Trends stock. The shares were bought at an average price of $22.07 per share, for a total transaction of $105,936.00.
• On Monday, April 22nd, Fund 1 Investments, Llc purchased 23,495 shares of Citi Trends stock. The stock was bought at an average cost of $21.74 per share, with a total value of $510,781.30.
• On Friday, April 19th, Fund 1 Investments, Llc bought 13,000 shares of Citi Trends stock. The stock was bought at an average price of $22.15 per share, with a total value of $287,950.00.
• On Wednesday, April 17th, Fund 1 Investments, Llc purchased 18,090 shares of Citi Trends stock. The shares were purchased at an average cost of $22.41 per share, for a total transaction of $405,396.90.
• On Monday, April 15th, Fund 1 Investments, Llc acquired 5,136 shares of Citi Trends stock. The shares were purchased at an average price of $22.41 per share, with a total value of $115,097.76.
• On Friday, April 12th, Fund 1 Investments, Llc bought 17,000 shares of Citi Trends stock. The stock was purchased at an average price of $22.74 per share, for a total transaction of $386,580.00.

Citi Trends Stock Performance

Citi Trends stock opened at $23.19 on Wednesday. The firm has a 50 day moving average price of $26.23 and a 200 day moving average price of $26.28. Citi Trends, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $32.90. The company has a market capitalization of $198.04 million, a PE ratio of -15.78 and a beta of 2.43.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings data on Tuesday, March 19th. The company reported $0.53 earnings per share (EPS) for the quarter. Citi Trends had a negative return on equity of 6.74% and a negative net margin of 1.60%. The firm had revenue of $215.18 million for the quarter.

Analyst Ratings Changes

CTRN has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating and issued a $35.00 price objective on shares of Citi Trends in a report on Wednesday, March 20th. Craig Hallum reaffirmed a “hold” rating and issued a $27.00 price target (down previously from $28.00) on shares of Citi Trends in a research note on Tuesday, March 19th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Citi Trends during the 1st quarter worth approximately $139,000. Jump Financial LLC acquired a new stake in shares of Citi Trends in the fourth quarter valued at $223,000. Hsbc Holdings PLC purchased a new position in Citi Trends in the third quarter valued at $229,000. Ancora Advisors LLC acquired a new position in Citi Trends during the 3rd quarter worth $280,000. Finally, Empowered Funds LLC increased its holdings in Citi Trends by 8.0% during the 1st quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock worth $577,000 after purchasing an additional 1,575 shares during the period.

Citi Trends Company Profile

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. It offers apparel, such as fashion sportswear and footwear for men and ladies, as well as apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.