Fund 1 Investments, Llc Purchases 6,330 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc purchased 6,330 shares of the stock in a transaction on Monday, May 6th. The shares were purchased at an average cost of $22.76 per share, for a total transaction of $144,070.80. Following the acquisition, the insider now directly owns 1,992,397 shares of the company’s stock, valued at $45,346,955.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Friday, May 3rd, Fund 1 Investments, Llc acquired 5,000 shares of Citi Trends stock. The shares were bought at an average cost of $22.07 per share, with a total value of $110,350.00.
• On Wednesday, May 1st, Fund 1 Investments, Llc bought 30,000 shares of Citi Trends stock. The shares were bought at an average cost of $21.47 per share, with a total value of $644,100.00.
• On Monday, April 29th, Fund 1 Investments, Llc bought 10,800 shares of Citi Trends stock. The stock was purchased at an average cost of $21.79 per share, for a total transaction of $235,332.00.
• On Friday, April 26th, Fund 1 Investments, Llc acquired 11,300 shares of Citi Trends stock. The stock was purchased at an average cost of $22.20 per share, for a total transaction of $250,860.00.
• On Wednesday, April 24th, Fund 1 Investments, Llc bought 4,800 shares of Citi Trends stock. The stock was acquired at an average cost of $22.07 per share, with a total value of $105,936.00.
• On Monday, April 22nd, Fund 1 Investments, Llc acquired 23,495 shares of Citi Trends stock. The stock was acquired at an average cost of $21.74 per share, with a total value of $510,781.30.
• On Friday, April 19th, Fund 1 Investments, Llc purchased 13,000 shares of Citi Trends stock. The stock was bought at an average price of $22.15 per share, with a total value of $287,950.00.
• On Wednesday, April 17th, Fund 1 Investments, Llc acquired 18,090 shares of Citi Trends stock. The stock was bought at an average cost of $22.41 per share, with a total value of $405,396.90.
• On Monday, April 15th, Fund 1 Investments, Llc bought 5,136 shares of Citi Trends stock. The stock was purchased 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 acquired 17,000 shares of Citi Trends stock. The shares were acquired at an average price of $22.74 per share, with a total value of $386,580.00.

Citi Trends Trading Down 1.1 %

Shares of NASDAQ:CTRN opened at $22.93 on Thursday. The company has a market capitalization of $195.75 million, a PE ratio of -15.60 and a beta of 2.43. Citi Trends, Inc. has a 12-month low of $14.20 and a 12-month high of $32.90. The business’s fifty day simple moving average is $26.10 and its 200-day simple moving average is $26.26.

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

Institutional Trading of Citi Trends

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fund 1 Investments LLC grew its stake in Citi Trends by 55.6% during the 4th quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company’s stock worth $37,594,000 after buying an additional 474,736 shares during the last quarter. Jennison Associates LLC boosted its stake in Citi Trends by 10.6% in the 4th quarter. Jennison Associates LLC now owns 416,029 shares of the company’s stock worth $11,765,000 after purchasing an additional 39,751 shares in the last quarter. AWM Investment Company Inc. boosted its stake in Citi Trends by 3.4% in the 3rd quarter. AWM Investment Company Inc. now owns 265,768 shares of the company’s stock worth $5,905,000 after purchasing an additional 8,660 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Citi Trends by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 197,815 shares of the company’s stock valued at $5,594,000 after purchasing an additional 4,779 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Citi Trends by 89.5% in the first quarter. Assenagon Asset Management S.A. now owns 118,772 shares of the company’s stock worth $3,222,000 after buying an additional 56,087 shares during the last quarter.

Wall Street Analyst Weigh In

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

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.