Fund 1 Investments, Llc Purchases 17,000 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 17,000 shares of Citi Trends stock in a transaction on Friday, April 12th. The shares were acquired at an average price of $22.74 per share, for a total transaction of $386,580.00. Following the completion of the acquisition, the insider now owns 1,763,646 shares of the company’s stock, valued at approximately $40,105,310.04. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 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 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, for a total transaction of $468,919.84.
• On Monday, April 8th, Fund 1 Investments, Llc bought 6,000 shares of Citi Trends stock. The shares were acquired at an average price 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 shares were acquired at an average price of $25.19 per share, for a total transaction of $125,950.00.
• On Tuesday, April 2nd, Fund 1 Investments, Llc bought 2,000 shares of Citi Trends stock. The shares were acquired at an average price of $26.92 per share, for a total transaction of $53,840.00.
• On Thursday, March 28th, Fund 1 Investments, Llc purchased 16,000 shares of Citi Trends stock. The stock was purchased 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 purchased 14,500 shares of Citi Trends stock. The stock was purchased at an average price of $28.69 per share, for a total transaction of $416,005.00.
• On Monday, March 18th, Fund 1 Investments, Llc purchased 11,000 shares of Citi Trends stock. The stock was purchased at an average price of $29.50 per share, for a total transaction of $324,500.00.
• On Monday, March 11th, Fund 1 Investments, Llc purchased 15,000 shares of Citi Trends stock. The stock was purchased at an average price of $30.33 per share, for a total transaction of $454,950.00.
• On Monday, March 4th, Fund 1 Investments, Llc purchased 31,634 shares of Citi Trends stock. The stock was purchased at an average price of $31.21 per share, for a total transaction of $987,297.14.
• On Thursday, February 29th, Fund 1 Investments, Llc purchased 70,804 shares of Citi Trends stock. The stock was purchased at an average price of $30.51 per share, for a total transaction of $2,160,230.04.

Citi Trends Stock Performance

CTRN opened at $22.94 on Friday. Citi Trends, Inc. has a 52-week low of $14.20 and a 52-week high of $32.90. The firm has a market capitalization of $195.91 million, a PE ratio of -15.61 and a beta of 2.37. The business’s 50-day simple moving average is $28.48 and its 200 day simple moving average is $26.35.

Citi Trends (NASDAQ:CTRN) last released its earnings results on Tuesday, March 19th. The company reported $0.53 earnings per share (EPS) for the quarter. The business 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

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

Hedge Funds Weigh In On Citi Trends

A number of institutional investors have recently bought and sold shares of the business. Fund 1 Investments LLC increased its position in Citi Trends by 55.6% during the fourth 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. Alliancebernstein L.P. increased its position in Citi Trends by 23.9% during the third quarter. Alliancebernstein L.P. now owns 996,785 shares of the company’s stock worth $15,460,000 after buying an additional 192,407 shares during the last quarter. BlackRock Inc. increased its position in Citi Trends by 14.1% during the first quarter. BlackRock Inc. now owns 691,121 shares of the company’s stock worth $21,165,000 after buying an additional 85,495 shares during the last quarter. Vanguard Group Inc. increased its position in Citi Trends by 24.2% during the first quarter. Vanguard Group Inc. now owns 636,508 shares of the company’s stock worth $19,493,000 after buying an additional 124,010 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Citi Trends by 15.8% during the first quarter. Dimensional Fund Advisors LP now owns 576,916 shares of the company’s stock worth $10,972,000 after buying an additional 78,635 shares during 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.