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

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc acquired 6,330 shares of Citi Trends stock in a transaction dated Monday, May 6th. The shares were bought at an average cost of $22.76 per share, for a total transaction of $144,070.80. Following the completion of the purchase, the insider now directly owns 1,992,397 shares of the company’s stock, valued at approximately $45,346,955.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock 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 bought 5,000 shares of Citi Trends stock. The shares were bought at an average price of $22.07 per share, with a total value of $110,350.00.
• On Wednesday, May 1st, Fund 1 Investments, Llc acquired 30,000 shares of Citi Trends stock. The stock was bought at an average price of $21.47 per share, with a total value of $644,100.00.
• 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, for a total transaction of $235,332.00.
• On Friday, April 26th, Fund 1 Investments, Llc bought 11,300 shares of Citi Trends stock. The stock was purchased at an average cost of $22.20 per share, for a total transaction of $250,860.00.
• On Wednesday, April 24th, Fund 1 Investments, Llc purchased 4,800 shares of Citi Trends stock. The stock was purchased at an average cost of $22.07 per share, for a total transaction of $105,936.00.
• On Monday, April 22nd, Fund 1 Investments, Llc acquired 23,495 shares of Citi Trends stock. The stock was purchased at an average price of $21.74 per share, for a total transaction of $510,781.30.
• On Friday, April 19th, Fund 1 Investments, Llc bought 13,000 shares of Citi Trends stock. The stock was acquired 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 purchased 18,090 shares of Citi Trends stock. The shares were acquired at an average cost of $22.41 per share, with a total value of $405,396.90.
• On Monday, April 15th, Fund 1 Investments, Llc acquired 5,136 shares of Citi Trends stock. The stock was acquired 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 bought 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 %

Shares of Citi Trends stock opened at $23.19 on Wednesday. The business has a fifty day simple moving average of $26.23 and a two-hundred day simple moving average of $26.28. 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, 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 EPS for the quarter. Citi Trends had a negative net margin of 1.60% and a negative return on equity of 6.74%. The business had revenue of $215.18 million for the quarter.

Analysts Set New Price Targets

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

Institutional Trading of Citi Trends

Hedge funds have recently made changes to their positions in the stock. Fund 1 Investments LLC increased its position in Citi Trends by 55.6% during the 4th quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company’s stock valued at $37,594,000 after buying an additional 474,736 shares in the last quarter. Jennison Associates LLC raised its position in shares of Citi Trends by 47.5% in the 3rd quarter. Jennison Associates LLC now owns 376,278 shares of the company’s stock worth $8,361,000 after purchasing an additional 121,134 shares during the last quarter. First Eagle Investment Management LLC bought a new position in Citi Trends in the 3rd quarter worth about $2,254,000. Assenagon Asset Management S.A. purchased a new stake in Citi Trends during the 3rd quarter valued at about $1,617,000. Finally, Acadian Asset Management LLC bought a new stake in Citi Trends during the 3rd quarter valued at about $1,089,000.

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.