Fund 1 Investments, Llc Acquires 18,090 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 18,090 shares of the stock in a transaction dated Wednesday, April 17th. The shares were purchased at an average cost of $22.41 per share, for a total transaction of $405,396.90. Following the completion of the transaction, the insider now directly owns 1,798,872 shares of the company’s stock, valued at $40,312,721.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 Monday, April 15th, Fund 1 Investments, Llc bought 5,136 shares of Citi Trends stock. The shares were purchased at an average cost 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 purchased 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 purchased 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 purchased 6,000 shares of Citi Trends stock. The stock was bought at an average cost of $24.35 per share, with a total value of $146,100.00.
• On Thursday, April 4th, Fund 1 Investments, Llc purchased 5,000 shares of Citi Trends stock. The stock was bought at an average cost of $25.19 per share, with a total value of $125,950.00.
• On Tuesday, April 2nd, Fund 1 Investments, Llc purchased 2,000 shares of Citi Trends stock. The stock was bought at an average cost of $26.92 per share, with a total value of $53,840.00.
• On Thursday, March 28th, Fund 1 Investments, Llc purchased 16,000 shares of Citi Trends stock. The stock was bought at an average cost 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 stock was bought at an average cost of $28.69 per share, with a total value of $416,005.00.
• On Monday, March 18th, Fund 1 Investments, Llc purchased 11,000 shares of Citi Trends stock. The stock was bought at an average cost of $29.50 per share, with a total value of $324,500.00.
• On Monday, March 11th, Fund 1 Investments, Llc purchased 15,000 shares of Citi Trends stock. The stock was bought at an average cost of $30.33 per share, with a total value of $454,950.00.

Citi Trends Price Performance

Shares of NASDAQ:CTRN opened at $22.19 on Friday. The company has a market capitalization of $189.50 million, a PE ratio of -15.10 and a beta of 2.37. Citi Trends, Inc. has a 1 year low of $14.20 and a 1 year high of $32.90. The business has a fifty day moving average price of $27.96 and a two-hundred day moving average price of $26.34.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CTRN. UBS Group AG raised 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 valued at $75,000 after acquiring an additional 807 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Citi Trends by 5.7% during the 2nd 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 raised its holdings in shares of Citi Trends by 1.6% during the 1st 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 raised its holdings in shares of Citi Trends by 4.6% during the 1st 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 raised its holdings in shares of Citi Trends by 82.2% during the 4th 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.

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.