Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Buys 13,000 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 13,000 shares of Citi Trends stock in a transaction that occurred on Friday, April 19th. The stock was purchased at an average cost of $22.15 per share, with a total value of $287,950.00. Following the completion of the acquisition, the insider now directly owns 1,811,872 shares in the company, valued at approximately $40,132,964.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares 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 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 Wednesday, April 17th, Fund 1 Investments, Llc purchased 18,090 shares of Citi Trends stock. The stock was acquired 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 price 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 price 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 price 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 price of $24.35 per share, with a total value of $146,100.00.
• On Thursday, April 4th, Fund 1 Investments, Llc bought 5,000 shares of Citi Trends stock. The shares were purchased at an average price of $25.19 per share, with a total value of $125,950.00.
• On Tuesday, April 2nd, Fund 1 Investments, Llc bought 2,000 shares of Citi Trends stock. The shares were purchased at an average price of $26.92 per share, with a total value of $53,840.00.
• On Thursday, March 28th, Fund 1 Investments, Llc bought 16,000 shares of Citi Trends stock. The shares were purchased at an average price of $27.12 per share, with a total value of $433,920.00.
• On Wednesday, March 20th, Fund 1 Investments, Llc purchased 14,500 shares of Citi Trends stock. The shares were bought at an average price of $28.69 per share, for a total transaction of $416,005.00.

Citi Trends Stock Up 0.0 %

Shares of CTRN opened at $22.23 on Wednesday. The company has a market cap of $189.78 million, a PE ratio of -15.12 and a beta of 2.37. The business has a fifty day moving average of $27.67 and a 200 day moving average of $26.41. Citi Trends, Inc. has a 52-week low of $14.20 and a 52-week high of $32.90.

Citi Trends (NASDAQ:CTRN) last released its earnings results on Tuesday, March 19th. The company reported $0.53 earnings per share 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.

Institutional Trading of Citi Trends

Several institutional investors and hedge funds have recently made changes to their positions in CTRN. Jump Financial LLC bought a new stake in shares of Citi Trends during the fourth quarter worth $223,000. Hsbc Holdings PLC bought a new stake in shares of Citi Trends during the third quarter worth $229,000. Ancora Advisors LLC bought a new stake in shares of Citi Trends during the third quarter worth $280,000. Quadrature Capital Ltd lifted its position in shares of Citi Trends by 71.7% during the third quarter. Quadrature Capital Ltd now owns 28,241 shares of the company’s stock worth $628,000 after purchasing an additional 11,791 shares during the last quarter. Finally, Citigroup Inc. lifted its position in shares of Citi Trends by 60,229.1% during the third quarter. Citigroup Inc. now owns 33,181 shares of the company’s stock worth $737,000 after purchasing an additional 33,126 shares during the last quarter.

Wall Street Analyst Weigh In

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

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.