Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Buys 5,136 Shares

Posted by Defense World Staff on Apr 19th, 2024

Citi Trends, Inc. (NASDAQ:CTRN – Get Free Report) major shareholder Fund 1 Investments, Llc acquired 5,136 shares of the stock in a transaction dated Monday, April 15th. The stock was bought at an average price of $22.41 per share, for a total transaction of $115,097.76. Following the completion of the purchase, the insider now owns 1,768,782 shares in the company, valued at approximately $39,638,404.62. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 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 Wednesday, April 17th, Fund 1 Investments, Llc acquired 18,090 shares of Citi Trends stock. The stock was bought at an average price of $22.41 per share, for a total transaction of $405,396.90.
On Friday, April 12th, Fund 1 Investments, Llc acquired 17,000 shares of Citi Trends stock. The stock was bought 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 acquired 20,282 shares of Citi Trends stock. The stock was bought 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 stock was 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 acquired 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 bought 2,000 shares of Citi Trends stock. The stock was acquired at an average cost of $26.92 per share, for a total transaction of $53,840.00.
On Thursday, March 28th, Fund 1 Investments, Llc bought 16,000 shares of Citi Trends stock. The stock was acquired at an average cost 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 stock was acquired at an average cost of $28.69 per share, for a total transaction of $416,005.00.
On Monday, March 18th, Fund 1 Investments, Llc bought 11,000 shares of Citi Trends stock. The stock was acquired at an average cost of $29.50 per share, for a total transaction of $324,500.00.
On Monday, March 11th, Fund 1 Investments, Llc bought 15,000 shares of Citi Trends stock. The stock was acquired at an average cost of $30.33 per share, for a total transaction of $454,950.00.

Citi Trends Stock Performance

NASDAQ:CTRN opened at $22.19 on Friday. The stock’s fifty day moving average price is $27.96 and its two-hundred day moving average price is $26.34. Citi Trends, Inc. has a 52-week low of $14.20 and a 52-week high of $32.90. The company has a market cap of $189.50 million, a price-to-earnings ratio of -15.10 and a beta of 2.37.

Citi Trends (NASDAQ:CTRN – Get Free Report) last posted its quarterly earnings results on Tuesday, March 19th. The company reported $0.53 earnings per share for the quarter. Citi Trends had a negative return on equity of 6.76% and a negative net margin of 1.60%. The company had revenue of $215.18 million for the quarter.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on Citi Trends

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in shares of Citi Trends in the 3rd quarter worth $1,089,000. Citigroup Inc. boosted its position 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 purchasing an additional 33,126 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Citi Trends by 47.5% in the 3rd quarter. Jennison Associates LLC now owns 376,278 shares of the company’s stock worth $8,361,000 after purchasing an additional 121,134 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Citi Trends in the 3rd quarter worth $1,617,000. Finally, Hsbc Holdings PLC bought a new position in shares of Citi Trends in the 3rd quarter worth $229,000.

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.