Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Purchases 23,495 Shares of Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc purchased 23,495 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were acquired at an average cost of $21.74 per share, for a total transaction of $510,781.30. Following the acquisition, the insider now owns 1,835,367 shares of the company’s stock, valued at approximately $39,900,878.58. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, April 19th, Fund 1 Investments, Llc bought 13,000 shares of Citi Trends stock. The shares were purchased at an average cost of $22.15 per share, for a total transaction of $287,950.00.
• On Wednesday, April 17th, Fund 1 Investments, Llc bought 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 bought 5,136 shares of Citi Trends stock. The shares were purchased at an average cost of $22.41 per share, for a total transaction of $115,097.76.
• On Friday, April 12th, Fund 1 Investments, Llc bought 17,000 shares of Citi Trends stock. The shares were purchased at an average cost of $22.74 per share, for a total transaction of $386,580.00.
• On Wednesday, April 10th, Fund 1 Investments, Llc bought 20,282 shares of Citi Trends stock. The shares were purchased at an average cost of $23.12 per share, for a total transaction of $468,919.84.
• On Monday, April 8th, Fund 1 Investments, Llc bought 6,000 shares of Citi Trends stock. The shares were purchased at an average cost of $24.35 per share, for a total transaction of $146,100.00.
• On Thursday, April 4th, Fund 1 Investments, Llc bought 5,000 shares of Citi Trends stock. The shares were purchased at an average cost of $25.19 per share, for a total transaction of $125,950.00.
• On Tuesday, April 2nd, Fund 1 Investments, Llc bought 2,000 shares of Citi Trends stock. The shares were purchased at an average cost of $26.92 per share, for a total transaction of $53,840.00.
• On Thursday, March 28th, Fund 1 Investments, Llc purchased 16,000 shares of Citi Trends stock. The stock was acquired at an average price of $27.12 per share, for a total transaction of $433,920.00.
• On Wednesday, March 20th, Fund 1 Investments, Llc purchased 14,500 shares of Citi Trends stock. The stock was acquired at an average price of $28.69 per share, for a total transaction of $416,005.00.

Citi Trends Stock Performance

NASDAQ CTRN opened at $22.23 on Wednesday. Citi Trends, Inc. has a twelve month low of $14.20 and a twelve month high of $32.90. The stock has a market cap of $189.78 million, a price-to-earnings ratio of -15.12 and a beta of 2.37. The firm’s 50 day moving average price is $27.67 and its two-hundred day moving average price is $26.41.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Craig Hallum restated a “hold” rating and issued a $27.00 price target (down previously from $28.00) on shares of Citi Trends in a research report on Tuesday, March 19th. Benchmark restated a “buy” rating and issued a $35.00 price target on shares of Citi Trends in a research report on Wednesday, March 20th.

Hedge Funds Weigh In On Citi Trends

Several institutional investors and hedge funds have recently added to or reduced their stakes in CTRN. Jump Financial LLC purchased a new position in Citi Trends during the 4th quarter worth approximately $223,000. Hsbc Holdings PLC acquired a new stake in shares of Citi Trends during the 3rd quarter valued at $229,000. Ancora Advisors LLC acquired a new stake in shares of Citi Trends during the 3rd quarter valued at $280,000. Quadrature Capital Ltd boosted its stake in shares of Citi Trends by 71.7% during the 3rd quarter. Quadrature Capital Ltd now owns 28,241 shares of the company’s stock valued at $628,000 after buying an additional 11,791 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Citi Trends by 60,229.1% during the 3rd quarter. Citigroup Inc. now owns 33,181 shares of the company’s stock valued at $737,000 after buying an additional 33,126 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.