Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Acquires 5,136 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc purchased 5,136 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average cost of $22.41 per share, for a total transaction of $115,097.76. Following the completion of the acquisition, the insider now owns 1,768,782 shares in the company, valued at approximately $39,638,404.62. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% 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 Wednesday, April 17th, Fund 1 Investments, Llc purchased 18,090 shares of Citi Trends stock. The stock was acquired 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 acquired 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 purchased 20,282 shares of Citi Trends stock. The stock was 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 purchased 6,000 shares of Citi Trends stock. The stock was 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 purchased 5,000 shares of Citi Trends stock. The stock was 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 acquired 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 Thursday, March 28th, Fund 1 Investments, Llc acquired 16,000 shares of Citi Trends stock. The shares were purchased 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 acquired 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 acquired 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 acquired 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.

Citi Trends Stock Performance

NASDAQ CTRN opened at $22.28 on Friday. The company has a market cap of $190.36 million, a P/E ratio of -15.16 and a beta of 2.37. The business’s 50 day moving average price is $27.82 and its 200-day moving average price is $26.34. Citi Trends, Inc. has a fifty-two week low of $14.20 and a fifty-two 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. The firm 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%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CTRN. Craig Hallum reaffirmed 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. Benchmark reissued a “buy” rating and set a $35.00 target price on shares of Citi Trends in a research report on Wednesday, March 20th.

Hedge Funds Weigh In On Citi Trends

Several hedge funds have recently bought and sold shares of CTRN. Fund 1 Investments LLC grew its position in Citi Trends by 55.6% in the 4th 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 during the last quarter. Alliancebernstein L.P. grew its position in Citi Trends by 23.9% in the 3rd quarter. Alliancebernstein L.P. now owns 996,785 shares of the company’s stock valued at $15,460,000 after acquiring an additional 192,407 shares during the last quarter. Vanguard Group Inc. grew its position in Citi Trends by 24.2% in the 1st quarter. Vanguard Group Inc. now owns 636,508 shares of the company’s stock valued at $19,493,000 after acquiring an additional 124,010 shares during the last quarter. Jennison Associates LLC grew its position in Citi Trends by 47.5% in the 3rd quarter. Jennison Associates LLC now owns 376,278 shares of the company’s stock valued at $8,361,000 after acquiring an additional 121,134 shares during the last quarter. Finally, Millennium Management LLC grew its position in Citi Trends by 89.4% in the 2nd quarter. Millennium Management LLC now owns 253,906 shares of the company’s stock valued at $6,005,000 after acquiring an additional 119,821 shares during the last quarter.

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.