Fund 1 Investments, Llc Buys 18,090 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 18,090 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was acquired at an average cost of $22.41 per share, for a total transaction of $405,396.90. Following the acquisition, the insider now directly owns 1,798,872 shares of the company’s stock, valued at $40,312,721.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more 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 Monday, April 15th, Fund 1 Investments, Llc bought 5,136 shares of Citi Trends stock. The stock was acquired 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 stock was acquired 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 stock was acquired 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 stock was acquired 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 stock was acquired 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 stock was acquired 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 purchased 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 purchased at an average price of $28.69 per share, for a total transaction of $416,005.00.
• On Monday, March 18th, Fund 1 Investments, Llc purchased 11,000 shares of Citi Trends stock. The stock was purchased at an average price of $29.50 per share, for a total transaction of $324,500.00.
• On Monday, March 11th, Fund 1 Investments, Llc purchased 15,000 shares of Citi Trends stock. The stock was purchased at an average price of $30.33 per share, for a total transaction of $454,950.00.

Citi Trends Price Performance

NASDAQ CTRN opened at $22.37 on Thursday. Citi Trends, Inc. has a 12 month low of $14.20 and a 12 month high of $32.90. The firm has a market capitalization of $191.04 million, a PE ratio of -15.22 and a beta of 2.37. The company’s 50 day simple moving average is $28.10 and its 200 day simple moving average is $26.37.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings data on Tuesday, March 19th. The company reported $0.53 EPS for the quarter. Citi Trends had a negative net margin of 1.60% and a negative return on equity of 6.76%. The business had revenue of $215.18 million for the quarter.

Analysts Set New Price Targets

Several equities research analysts have commented on CTRN shares. Benchmark restated 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 restated 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 have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in Citi Trends in the fourth quarter worth approximately $53,000. Barclays PLC grew its position in Citi Trends by 303.7% in the fourth quarter. Barclays PLC now owns 2,176 shares of the company’s stock worth $58,000 after buying an additional 1,637 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Citi Trends by 82.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,536 shares of the company’s stock worth $67,000 after buying an additional 1,144 shares during the last quarter. Point72 Hong Kong Ltd grew its position in Citi Trends by 430.5% in the first quarter. Point72 Hong Kong Ltd now owns 2,727 shares of the company’s stock worth $84,000 after buying an additional 2,213 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC grew its position in Citi Trends by 97.9% in the third quarter. BNP Paribas Arbitrage SNC now owns 3,883 shares of the company’s stock worth $60,000 after buying an additional 1,921 shares during the last quarter.

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.