Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Buys 18,090 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc purchased 18,090 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were bought at an average cost of $22.41 per share, with a total value of $405,396.90. Following the acquisition, the insider now directly owns 1,798,872 shares of the company’s stock, valued at approximately $40,312,721.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, April 15th, Fund 1 Investments, Llc purchased 5,136 shares of Citi Trends stock. The shares were bought 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 purchased 17,000 shares of Citi Trends stock. The shares were bought at an average cost of $22.74 per share, with a total value of $386,580.00.
• On Wednesday, April 10th, Fund 1 Investments, Llc purchased 20,282 shares of Citi Trends stock. The shares were bought at an average cost 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 bought at an average cost of $24.35 per share, with a total value of $146,100.00.
• On Thursday, April 4th, Fund 1 Investments, Llc purchased 5,000 shares of Citi Trends stock. The shares were bought at an average cost of $25.19 per share, with a total value 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 stock was acquired at an average cost of $27.12 per share, with a total value of $433,920.00.
• On Wednesday, March 20th, Fund 1 Investments, Llc acquired 14,500 shares of Citi Trends stock. The stock was acquired at an average cost of $28.69 per share, with a total value of $416,005.00.
• On Monday, March 18th, Fund 1 Investments, Llc acquired 11,000 shares of Citi Trends stock. The stock was acquired at an average cost of $29.50 per share, with a total value of $324,500.00.
• On Monday, March 11th, Fund 1 Investments, Llc acquired 15,000 shares of Citi Trends stock. The stock was acquired at an average cost of $30.33 per share, with a total value of $454,950.00.

Citi Trends Trading Down 0.8 %

NASDAQ:CTRN opened at $22.19 on Friday. The company has a market capitalization of $189.50 million, a P/E ratio of -15.10 and a beta of 2.37. Citi Trends, Inc. has a 12 month low of $14.20 and a 12 month high of $32.90. The business’s 50-day moving average is $27.96 and its 200 day moving average is $26.34.

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

Institutional Investors Weigh In On Citi Trends

Hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in Citi Trends during the fourth quarter valued at approximately $53,000. Barclays PLC raised its position in Citi Trends by 303.7% during the fourth quarter. Barclays PLC now owns 2,176 shares of the company’s stock valued at $58,000 after purchasing an additional 1,637 shares during the period. Public Employees Retirement System of Ohio raised its position in Citi Trends by 82.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,536 shares of the company’s stock valued at $67,000 after purchasing an additional 1,144 shares during the period. Point72 Hong Kong Ltd raised its position in Citi Trends by 430.5% during the first quarter. Point72 Hong Kong Ltd now owns 2,727 shares of the company’s stock valued at $84,000 after purchasing an additional 2,213 shares during the period. Finally, BNP Paribas Arbitrage SNC raised its position in Citi Trends by 97.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 3,883 shares of the company’s stock valued at $60,000 after purchasing an additional 1,921 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Citi Trends in a research note on Wednesday, March 20th. Craig Hallum reaffirmed a “hold” rating and issued a $27.00 price objective (down previously from $28.00) on shares of Citi Trends in a research note on Tuesday, March 19th.

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.