Insider Buying: Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Purchases 13,000 Shares of Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc acquired 13,000 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was bought at an average cost of $22.15 per share, for a total transaction of $287,950.00. Following the completion of the transaction, the insider now directly owns 1,811,872 shares in the company, valued at approximately $40,132,964.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed 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 Monday, April 22nd, Fund 1 Investments, Llc purchased 23,495 shares of Citi Trends stock. The stock was purchased at an average price of $21.74 per share, for a total transaction of $510,781.30.
• On Wednesday, April 17th, Fund 1 Investments, Llc bought 18,090 shares of Citi Trends stock. The stock was purchased at an average cost of $22.41 per share, for a total transaction of $405,396.90.
• On Monday, April 15th, Fund 1 Investments, Llc purchased 5,136 shares of Citi Trends stock. The shares were purchased at an average cost of $22.41 per share, with a total value of $115,097.76.
• On Friday, April 12th, Fund 1 Investments, Llc acquired 17,000 shares of Citi Trends stock. The stock was acquired at an average price 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 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 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 stock was bought 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 purchased 2,000 shares of Citi Trends stock. The shares were 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 acquired 16,000 shares of Citi Trends stock. The shares were bought at an average price 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 purchased at an average price of $28.69 per share, for a total transaction of $416,005.00.

Citi Trends Stock Performance

Shares of CTRN stock opened at $22.06 on Thursday. The company has a market capitalization of $188.39 million, a price-to-earnings ratio of -15.00 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. The company has a 50-day simple moving average of $27.54 and a 200 day simple moving average of $26.40.

Citi Trends (NASDAQ:CTRN) last posted its earnings results on Tuesday, March 19th. The company reported $0.53 EPS for the quarter. Citi Trends had a negative return on equity of 6.74% and a negative net margin of 1.60%. The company had revenue of $215.18 million for the quarter.

Analyst Upgrades and Downgrades

CTRN has been the subject of a number of analyst reports. Craig Hallum reissued a “hold” rating and issued a $27.00 price objective (down previously from $28.00) on shares of Citi Trends in a research report on Tuesday, March 19th. Benchmark reissued a “buy” rating and set a $35.00 price target on shares of Citi Trends in a research report on Wednesday, March 20th.

Institutional Trading of Citi Trends

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jump Financial LLC bought a new stake in shares of Citi Trends in the fourth quarter valued at approximately $223,000. Hsbc Holdings PLC bought a new position in shares of Citi Trends in the third quarter worth $229,000. Ancora Advisors LLC acquired a new position in Citi Trends in the third quarter valued at about $280,000. Quadrature Capital Ltd grew its stake in 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 buying an additional 11,791 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in Citi Trends by 60,229.1% in the 3rd quarter. Citigroup Inc. now owns 33,181 shares of the company’s stock valued at $737,000 after buying an additional 33,126 shares during the period.

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.