Fund 1 Investments, Llc Acquires 6,000 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRNGet Free Report) major shareholder Fund 1 Investments, Llc bought 6,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of $23.07 per share, for a total transaction of $138,420.00. Following the transaction, the insider now owns 2,052,513 shares in the company, valued at $47,351,474.91. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major 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 Monday, May 20th, Fund 1 Investments, Llc purchased 16,100 shares of Citi Trends stock. The shares were acquired at an average price of $23.23 per share, for a total transaction of $374,003.00.
  • On Wednesday, May 15th, Fund 1 Investments, Llc acquired 15,785 shares of Citi Trends stock. The stock was acquired at an average price of $24.07 per share, with a total value of $379,944.95.
  • On Monday, May 13th, Fund 1 Investments, Llc bought 5,481 shares of Citi Trends stock. The shares were acquired at an average price of $23.48 per share, for a total transaction of $128,693.88.
  • On Monday, May 6th, Fund 1 Investments, Llc purchased 6,330 shares of Citi Trends stock. The shares were bought at an average price of $22.76 per share, with a total value of $144,070.80.
  • On Friday, May 3rd, Fund 1 Investments, Llc acquired 5,000 shares of Citi Trends stock. The stock was bought at an average cost of $22.07 per share, for a total transaction 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 purchased 10,800 shares of Citi Trends stock. The stock was bought 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 bought 11,300 shares of Citi Trends stock. The stock was purchased at an average cost of $22.20 per share, with a total value of $250,860.00.
  • On Wednesday, April 24th, Fund 1 Investments, Llc purchased 4,800 shares of Citi Trends stock. The shares were purchased at an average cost of $22.07 per share, for a total transaction of $105,936.00.
  • On Monday, April 22nd, Fund 1 Investments, Llc acquired 23,495 shares of Citi Trends stock. The stock was purchased at an average cost of $21.74 per share, with a total value of $510,781.30.

Citi Trends Stock Down 2.1 %

CTRN stock opened at $22.73 on Wednesday. The stock has a 50-day simple moving average of $24.64 and a two-hundred day simple moving average of $26.26. Citi Trends, Inc. has a twelve month low of $14.20 and a twelve month high of $32.90. The firm has a market capitalization of $194.11 million, a PE ratio of -15.46 and a beta of 2.43.

Citi Trends (NASDAQ:CTRNGet Free Report) last issued its quarterly earnings data 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 company had revenue of $215.18 million during the quarter.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Citi Trends

Institutional Investors Weigh In On Citi Trends

A number of institutional investors and hedge funds have recently made changes to their positions in CTRN. Assenagon Asset Management S.A. purchased a new stake in shares of Citi Trends in the 3rd quarter valued at about $1,617,000. Barclays PLC raised its stake in Citi Trends by 4,172.0% in the third quarter. Barclays PLC now owns 41,481 shares of the company’s stock valued at $921,000 after purchasing an additional 40,510 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in Citi Trends in the 3rd quarter worth approximately $2,254,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Citi Trends by 13.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 193,036 shares of the company’s stock worth $4,289,000 after buying an additional 22,311 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Citi Trends by 60,229.1% in the 3rd quarter. Citigroup Inc. now owns 33,181 shares of the company’s stock worth $737,000 after buying an additional 33,126 shares during the last quarter.

Citi Trends Company Profile

(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)

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