Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Purchases 30,000 Shares of Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of $21.47 per share, with a total value of $644,100.00. Following the transaction, the insider now directly owns 1,981,067 shares in the company, valued at $42,533,508.49. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% 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 Monday, April 29th, Fund 1 Investments, Llc bought 10,800 shares of Citi Trends stock. The stock was purchased at an average price of $21.79 per share, with a total value of $235,332.00.
• On Friday, April 26th, Fund 1 Investments, Llc acquired 11,300 shares of Citi Trends stock. The stock was bought at an average price of $22.20 per share, with a total value of $250,860.00.
• On Wednesday, April 24th, Fund 1 Investments, Llc acquired 4,800 shares of Citi Trends stock. The stock was bought at an average price of $22.07 per share, with a total value of $105,936.00.
• On Monday, April 22nd, Fund 1 Investments, Llc acquired 23,495 shares of Citi Trends stock. The stock was bought at an average price of $21.74 per share, with a total value of $510,781.30.
• On Friday, April 19th, Fund 1 Investments, Llc acquired 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 acquired 18,090 shares of Citi Trends stock. The stock was bought at an average price of $22.41 per share, with a total value of $405,396.90.
• On Monday, April 15th, Fund 1 Investments, Llc purchased 5,136 shares of Citi Trends stock. The stock was acquired at an average cost of $22.41 per share, with a total value of $115,097.76.
• On Friday, April 12th, Fund 1 Investments, Llc purchased 17,000 shares of Citi Trends stock. The stock was acquired at an average cost of $22.74 per share, with a total value of $386,580.00.
• On Wednesday, April 10th, Fund 1 Investments, Llc purchased 20,282 shares of Citi Trends stock. The stock was acquired at an average cost of $23.12 per share, with a total value of $468,919.84.
• On Monday, April 8th, Fund 1 Investments, Llc purchased 6,000 shares of Citi Trends stock. The stock was acquired at an average cost of $24.35 per share, with a total value of $146,100.00.

Citi Trends Trading Up 0.1 %

CTRN opened at $21.46 on Thursday. The stock has a fifty day simple moving average of $26.70 and a two-hundred day simple moving average of $26.32. The company has a market cap of $183.27 million, a price-to-earnings ratio of -14.60 and a beta of 2.37. Citi Trends, Inc. has a 12-month low of $14.20 and a 12-month high of $32.90.

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 business had revenue of $215.18 million during the quarter.

Hedge Funds Weigh In On Citi Trends

Several institutional investors and hedge funds have recently modified their holdings of CTRN. Jennison Associates LLC increased its holdings in shares of Citi Trends by 47.5% during the third quarter. Jennison Associates LLC now owns 376,278 shares of the company’s stock valued at $8,361,000 after acquiring an additional 121,134 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Citi Trends during the third quarter valued at $1,617,000. Barclays PLC increased its holdings in shares of Citi Trends by 4,172.0% during the third quarter. Barclays PLC now owns 41,481 shares of the company’s stock valued at $921,000 after acquiring an additional 40,510 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Citi Trends during the third quarter valued at $2,254,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Citi Trends by 13.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 193,036 shares of the company’s stock valued at $4,289,000 after acquiring an additional 22,311 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

About Citi Trends

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.