Fund 1 Investments, Llc Purchases 16,000 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRNGet Free Report) major shareholder Fund 1 Investments, Llc acquired 16,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of $27.12 per share, for a total transaction of $433,920.00. Following the completion of the purchase, the insider now directly owns 1,676,664 shares in the company, valued at $45,471,127.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Tuesday, April 2nd, Fund 1 Investments, Llc purchased 2,000 shares of Citi Trends stock. The shares were purchased at an average cost of $26.92 per share, for a total transaction of $53,840.00.
  • On Wednesday, March 20th, Fund 1 Investments, Llc purchased 14,500 shares of Citi Trends stock. The shares were purchased 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 purchased 11,000 shares of Citi Trends stock. The shares were purchased 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 cost of $30.33 per share, for a total transaction of $454,950.00.
  • On Monday, March 4th, Fund 1 Investments, Llc purchased 31,634 shares of Citi Trends stock. The shares were purchased at an average cost of $31.21 per share, for a total transaction of $987,297.14.
  • On Thursday, February 29th, Fund 1 Investments, Llc purchased 70,804 shares of Citi Trends stock. The shares were purchased at an average cost of $30.51 per share, for a total transaction of $2,160,230.04.

Citi Trends Stock Performance

Shares of CTRN opened at $26.93 on Thursday. The stock has a 50 day moving average price of $29.01 and a two-hundred day moving average price of $26.20. The firm has a market capitalization of $229.98 million, a P/E ratio of -18.32 and a beta of 2.37. Citi Trends, Inc. has a 52 week low of $14.20 and a 52 week high of $32.90.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CTRN. Benchmark reaffirmed a “buy” rating and set a $35.00 price target on shares of Citi Trends in a research note on Wednesday, March 20th. Craig Hallum reissued a “hold” rating and set a $27.00 price objective (down from $28.00) on shares of Citi Trends in a report on Tuesday, March 19th.

Read Our Latest Research Report on Citi Trends

Hedge Funds Weigh In On Citi Trends

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Citi Trends by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 426,834 shares of the company’s stock valued at $12,071,000 after acquiring an additional 1,500 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Citi Trends by 15.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,186 shares of the company’s stock valued at $316,000 after acquiring an additional 1,518 shares in the last quarter. Barclays PLC grew its holdings in shares of Citi Trends by 8.5% in the fourth quarter. Barclays PLC now owns 44,989 shares of the company’s stock valued at $1,272,000 after acquiring an additional 3,508 shares in the last quarter. Fund 1 Investments LLC grew its holdings in shares of Citi Trends by 55.6% in the fourth quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company’s stock valued at $37,594,000 after acquiring an additional 474,736 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Citi Trends in the fourth quarter valued at approximately $786,000.

About Citi Trends

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Citi Trends (NASDAQ:CTRN)

Receive News & Ratings for Citi Trends Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citi Trends and related companies with MarketBeat.com's FREE daily email newsletter.