Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Buys 5,000 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 5,000 shares of the stock in a transaction on Friday, May 3rd. The stock was acquired at an average price of $22.07 per share, with a total value of $110,350.00. Following the completion of the acquisition, the insider now owns 1,986,067 shares of the company’s stock, valued at approximately $43,832,498.69. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major 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 Monday, May 6th, Fund 1 Investments, Llc acquired 6,330 shares of Citi Trends stock. The shares were bought at an average cost of $22.76 per share, with a total value of $144,070.80.
• On Wednesday, May 1st, Fund 1 Investments, Llc bought 30,000 shares of Citi Trends stock. The shares were bought at an average price 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 bought 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 shares were bought at an average price of $22.20 per share, for a total transaction of $250,860.00.
• On Wednesday, April 24th, Fund 1 Investments, Llc bought 4,800 shares of Citi Trends stock. The stock was purchased 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 bought 23,495 shares of Citi Trends stock. The stock was purchased 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 purchased 13,000 shares of Citi Trends stock. The stock was purchased at an average price of $22.15 per share, for a total transaction of $287,950.00.
• On Wednesday, April 17th, Fund 1 Investments, Llc acquired 18,090 shares of Citi Trends stock. The shares were purchased 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 bought 5,136 shares of Citi Trends stock. The stock was purchased at an average price of $22.41 per share, for a total transaction of $115,097.76.
• On Friday, April 12th, Fund 1 Investments, Llc purchased 17,000 shares of Citi Trends stock. The shares were acquired at an average price of $22.74 per share, with a total value of $386,580.00.

Citi Trends Trading Up 1.7 %

NASDAQ CTRN opened at $23.19 on Wednesday. The business has a fifty day simple moving average of $26.23 and a 200 day simple moving average of $26.28. 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 $198.04 million, a P/E ratio of -15.78 and a beta of 2.43.

Citi Trends (NASDAQ:CTRN) last announced its earnings results 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 6.74%. The company had revenue of $215.18 million during the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Craig Hallum reaffirmed a “hold” rating and issued a $27.00 price objective (down from $28.00) on shares of Citi Trends in a research note on Tuesday, March 19th. Benchmark reaffirmed 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

Hedge funds have recently modified their holdings of the company. Jennison Associates LLC grew its holdings in shares of Citi Trends by 47.5% in 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 Citi Trends in the 3rd quarter valued at $1,617,000. Barclays PLC increased its position in shares of Citi Trends by 4,172.0% during the 3rd quarter. Barclays PLC now owns 41,481 shares of the company’s stock valued at $921,000 after purchasing an additional 40,510 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Citi Trends during the 3rd quarter worth $2,254,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Citi Trends by 13.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 193,036 shares of the company’s stock worth $4,289,000 after buying an additional 22,311 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.