Fund 1 Investments, Llc Buys 11,300 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc acquired 11,300 shares of Citi Trends stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average price of $22.20 per share, with a total value of $250,860.00. Following the transaction, the insider now owns 1,889,467 shares of the company’s stock, valued at $41,946,167.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more 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 24th, Fund 1 Investments, Llc bought 4,800 shares of Citi Trends stock. The stock was bought at an average cost of $22.07 per share, with a total value of $105,936.00.
• On Monday, April 22nd, Fund 1 Investments, Llc bought 23,495 shares of Citi Trends stock. The stock was bought at an average cost of $21.74 per share, with a total value of $510,781.30.
• On Friday, April 19th, Fund 1 Investments, Llc bought 13,000 shares of Citi Trends stock. The stock was bought at an average cost of $22.15 per share, with a total value of $287,950.00.
• On Wednesday, April 17th, Fund 1 Investments, Llc bought 18,090 shares of Citi Trends stock. The stock was bought 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 stock was 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 bought 17,000 shares of Citi Trends stock. The stock was 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 bought 20,282 shares of Citi Trends stock. The stock was 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 bought 6,000 shares of Citi Trends stock. The stock was 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 acquired 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 shares were acquired at an average cost of $26.92 per share, with a total value of $53,840.00.

Citi Trends Stock Performance

Shares of NASDAQ CTRN opened at $22.52 on Friday. Citi Trends, Inc. has a 1 year low of $14.20 and a 1 year high of $32.90. The firm’s 50 day moving average price is $27.13 and its 200 day moving average price is $26.34. The firm has a market cap of $192.32 million, a P/E ratio of -15.32 and a beta of 2.37.

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

Analysts Set New Price Targets

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

Institutional Trading of Citi Trends

A number of hedge funds have recently bought and sold shares of CTRN. Jump Financial LLC acquired a new stake in Citi Trends during the fourth quarter worth approximately $223,000. Hsbc Holdings PLC acquired a new position in shares of Citi Trends in the 3rd quarter valued at $229,000. Ancora Advisors LLC acquired a new position in shares of Citi Trends in the 3rd quarter valued at $280,000. Quadrature Capital Ltd boosted its holdings in shares of Citi Trends by 71.7% in the 3rd quarter. Quadrature Capital Ltd now owns 28,241 shares of the company’s stock valued at $628,000 after purchasing an additional 11,791 shares during the last quarter. Finally, Citigroup Inc. boosted 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 valued at $737,000 after purchasing an additional 33,126 shares during the last quarter.

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.