Fund 1 Investments, Llc Buys 5,136 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc purchased 5,136 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average cost of $22.41 per share, for a total transaction of $115,097.76. Following the acquisition, the insider now owns 1,768,782 shares in the company, valued at approximately $39,638,404.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large 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 Wednesday, April 17th, Fund 1 Investments, Llc purchased 18,090 shares of Citi Trends stock. The stock was bought at an average cost of $22.41 per share, for a total transaction of $405,396.90.
• On Friday, April 12th, Fund 1 Investments, Llc purchased 17,000 shares of Citi Trends stock. The stock was bought 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 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 shares were 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 shares were 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 shares were 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 bought 16,000 shares of Citi Trends stock. The shares were acquired at an average cost of $27.12 per share, for a total transaction of $433,920.00.
• On Wednesday, March 20th, Fund 1 Investments, Llc bought 14,500 shares of Citi Trends stock. The shares were acquired at an average cost of $28.69 per share, for a total transaction of $416,005.00.
• On Monday, March 18th, Fund 1 Investments, Llc bought 11,000 shares of Citi Trends stock. The shares were acquired at an average cost 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 shares were purchased at an average price of $30.33 per share, for a total transaction of $454,950.00.

Citi Trends Stock Down 0.8 %

Shares of NASDAQ CTRN opened at $22.19 on Friday. The stock has a market capitalization of $189.50 million, a price-to-earnings ratio of -15.10 and a beta of 2.37. The stock’s fifty day simple moving average is $27.96 and its 200 day simple moving average is $26.34. Citi Trends, Inc. has a 52-week low of $14.20 and a 52-week high of $32.90.

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

Hedge Funds Weigh In On Citi Trends

A number of hedge funds have recently modified their holdings of the stock. UBS Group AG grew its holdings in shares of Citi Trends by 25.6% in the 1st quarter. UBS Group AG now owns 3,964 shares of the company’s stock worth $75,000 after acquiring an additional 807 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Citi Trends by 5.7% during the second quarter. Goldman Sachs Group Inc. now owns 16,068 shares of the company’s stock valued at $284,000 after buying an additional 870 shares in the last quarter. Weiss Multi Strategy Advisers LLC grew its holdings in shares of Citi Trends by 1.6% during the first quarter. Weiss Multi Strategy Advisers LLC now owns 55,932 shares of the company’s stock valued at $1,713,000 after buying an additional 876 shares in the last quarter. Swiss National Bank grew its holdings in shares of Citi Trends by 4.6% during the first quarter. Swiss National Bank now owns 20,400 shares of the company’s stock valued at $625,000 after buying an additional 900 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Citi Trends by 82.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,536 shares of the company’s stock valued at $67,000 after buying an additional 1,144 shares in the last quarter.

Analyst Upgrades and Downgrades

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

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.