Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Buys $110,350.00 in Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 5,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $22.07 per share, for a total transaction of $110,350.00. Following the acquisition, the insider now owns 1,986,067 shares of the company’s stock, valued at approximately $43,832,498.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 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, May 6th, Fund 1 Investments, Llc bought 6,330 shares of Citi Trends stock. The stock was bought at an average cost of $22.76 per share, for a total transaction of $144,070.80.
• On Wednesday, May 1st, Fund 1 Investments, Llc bought 30,000 shares of Citi Trends stock. The stock was bought at an average cost of $21.47 per share, for a total transaction of $644,100.00.
• On Monday, April 29th, Fund 1 Investments, Llc acquired 10,800 shares of Citi Trends stock. The shares were acquired at an average cost of $21.79 per share, for a total transaction of $235,332.00.
• On Friday, April 26th, Fund 1 Investments, Llc acquired 11,300 shares of Citi Trends stock. The shares were acquired at an average cost of $22.20 per share, for a total transaction of $250,860.00.
• On Wednesday, April 24th, Fund 1 Investments, Llc acquired 4,800 shares of Citi Trends stock. The shares were acquired at an average cost of $22.07 per share, for a total transaction of $105,936.00.
• On Monday, April 22nd, Fund 1 Investments, Llc acquired 23,495 shares of Citi Trends stock. The shares were acquired at an average cost of $21.74 per share, for a total transaction of $510,781.30.
• On Friday, April 19th, Fund 1 Investments, Llc acquired 13,000 shares of Citi Trends stock. The shares were acquired at an average cost of $22.15 per share, for a total transaction of $287,950.00.
• On Wednesday, April 17th, Fund 1 Investments, Llc acquired 18,090 shares of Citi Trends stock. The shares were acquired at an average cost of $22.41 per share, for a total transaction of $405,396.90.
• On Monday, April 15th, Fund 1 Investments, Llc acquired 5,136 shares of Citi Trends stock. The shares were acquired at an average cost of $22.41 per share, for a total transaction of $115,097.76.
• On Friday, April 12th, Fund 1 Investments, Llc bought 17,000 shares of Citi Trends stock. The shares were purchased at an average price of $22.74 per share, for a total transaction of $386,580.00.

Citi Trends Stock Down 1.1 %

Shares of NASDAQ:CTRN opened at $22.93 on Thursday. Citi Trends, Inc. has a 52-week low of $14.20 and a 52-week high of $32.90. The stock’s fifty day simple moving average is $26.10 and its 200-day simple moving average is $26.26. The company has a market capitalization of $195.75 million, a P/E ratio of -15.60 and a beta of 2.43.

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

Institutional Trading of Citi Trends

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC lifted its position in shares of Citi Trends by 8.0% in the first quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock valued at $577,000 after acquiring an additional 1,575 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Citi Trends by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 197,815 shares of the company’s stock worth $5,594,000 after buying an additional 4,779 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Citi Trends in the 1st quarter valued at about $139,000. Jump Financial LLC acquired a new position in shares of Citi Trends during the 4th quarter valued at about $223,000. Finally, AWM Investment Company Inc. increased its stake in shares of Citi Trends by 3.4% during the 3rd quarter. AWM Investment Company Inc. now owns 265,768 shares of the company’s stock valued at $5,905,000 after acquiring an additional 8,660 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

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.