Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Buys $287,950.00 in Stock

Posted by Defense World Staff on Apr 24th, 2024

Citi Trends, Inc. (NASDAQ:CTRN – Get Free Report) major shareholder Fund 1 Investments, Llc purchased 13,000 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was bought at an average cost of $22.15 per share, with a total value of $287,950.00. Following the completion of the acquisition, the insider now directly owns 1,811,872 shares of the company’s stock, valued at approximately $40,132,964.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large 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 Monday, April 22nd, Fund 1 Investments, Llc bought 23,495 shares of Citi Trends stock. The shares were acquired at an average cost of $21.74 per share, with a total value of $510,781.30.
On Wednesday, April 17th, Fund 1 Investments, Llc bought 18,090 shares of Citi Trends stock. The shares were acquired 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 shares were acquired 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 bought 17,000 shares of Citi Trends stock. The shares were acquired 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 bought 20,282 shares of Citi Trends stock. The shares were acquired 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 bought 6,000 shares of Citi Trends stock. The shares were acquired 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 bought 5,000 shares of Citi Trends stock. The shares were acquired 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 acquired 2,000 shares of Citi Trends stock. The stock was purchased 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 purchased 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 purchased at an average cost of $28.69 per share, with a total value of $416,005.00.

Citi Trends Stock Up 0.0 %

Shares of NASDAQ:CTRN opened at $22.23 on Wednesday. The business has a fifty day moving average of $27.67 and a two-hundred day moving average of $26.41. The stock has a market cap of $189.78 million, a P/E ratio of -15.12 and a beta of 2.37. Citi Trends, Inc. has a 52-week low of $14.20 and a 52-week high of $32.90.

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

Analyst Ratings Changes

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

Read Our Latest Analysis on Citi Trends

Institutional Trading of Citi Trends

Large investors have recently added to or reduced their stakes in the stock. Jump Financial LLC purchased a new stake in Citi Trends in the 4th quarter valued at $223,000. Hsbc Holdings PLC purchased a new stake in Citi Trends in the 3rd quarter valued at $229,000. Ancora Advisors LLC purchased a new position in shares of Citi Trends during the 3rd quarter worth $280,000. Quadrature Capital Ltd grew its holdings in shares of Citi Trends by 71.7% during the 3rd quarter. Quadrature Capital Ltd now owns 28,241 shares of the company’s stock worth $628,000 after purchasing an additional 11,791 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of Citi Trends by 60,229.1% during 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 period.

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.