Fund 1 Investments, Llc Acquires 46,500 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRNGet Free Report) major shareholder Fund 1 Investments, Llc acquired 46,500 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were bought at an average cost of $22.59 per share, for a total transaction of $1,050,435.00. Following the completion of the acquisition, the insider now directly owns 2,205,862 shares of the company’s stock, valued at approximately $49,830,422.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 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, June 5th, Fund 1 Investments, Llc purchased 7,835 shares of Citi Trends stock. The stock was bought at an average price of $24.02 per share, for a total transaction of $188,196.70.
  • On Wednesday, May 22nd, Fund 1 Investments, Llc acquired 32,192 shares of Citi Trends stock. The shares were bought at an average cost of $22.21 per share, with a total value of $714,984.32.
  • On Monday, May 20th, Fund 1 Investments, Llc bought 16,100 shares of Citi Trends stock. The shares were purchased at an average price of $23.23 per share, with a total value of $374,003.00.
  • On Friday, May 17th, Fund 1 Investments, Llc purchased 6,000 shares of Citi Trends stock. The stock was purchased at an average price of $23.07 per share, for a total transaction of $138,420.00.
  • On Wednesday, May 15th, Fund 1 Investments, Llc acquired 15,785 shares of Citi Trends stock. The shares were purchased at an average cost of $24.07 per share, with a total value of $379,944.95.
  • On Monday, May 13th, Fund 1 Investments, Llc purchased 5,481 shares of Citi Trends stock. The shares were acquired at an average price of $23.48 per share, for a total transaction of $128,693.88.
  • On Monday, May 6th, Fund 1 Investments, Llc bought 6,330 shares of Citi Trends stock. The shares were acquired at an average price of $22.76 per share, for a total transaction of $144,070.80.
  • On Friday, May 3rd, Fund 1 Investments, Llc purchased 5,000 shares of Citi Trends stock. The shares were bought at an average price of $22.07 per share, for a total transaction of $110,350.00.
  • On Wednesday, May 1st, Fund 1 Investments, Llc acquired 30,000 shares of Citi Trends stock. The stock was bought at an average price of $21.47 per share, with a total value of $644,100.00.
  • On Monday, April 29th, Fund 1 Investments, Llc bought 10,800 shares of Citi Trends stock. The shares were bought at an average price of $21.79 per share, for a total transaction of $235,332.00.

Citi Trends Stock Performance

Shares of CTRN opened at $22.61 on Friday. Citi Trends, Inc. has a 52-week low of $15.75 and a 52-week high of $32.90. The stock has a 50 day simple moving average of $23.32 and a 200 day simple moving average of $26.15. The firm has a market capitalization of $193.09 million, a PE ratio of -20.93 and a beta of 2.38.

Citi Trends (NASDAQ:CTRNGet Free Report) last issued its quarterly earnings data on Tuesday, March 19th. The company reported $0.53 EPS for the quarter. The business had revenue of $215.18 million for the quarter. Citi Trends had a negative net margin of 1.16% and a negative return on equity of 4.98%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Citi Trends during the 1st quarter worth approximately $139,000. Jump Financial LLC acquired a new position in Citi Trends during the fourth quarter worth $223,000. Hsbc Holdings PLC bought a new position in Citi Trends in the third quarter valued at $229,000. Ancora Advisors LLC acquired a new stake in Citi Trends in the 3rd quarter valued at $280,000. Finally, Empowered Funds LLC lifted its position in Citi Trends by 8.0% during the 1st quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock worth $577,000 after buying an additional 1,575 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently issued reports on CTRN shares. Benchmark reaffirmed a “buy” rating and issued a $35.00 target price on shares of Citi Trends in a research note on Wednesday. Craig Hallum lowered their target price on shares of Citi Trends from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Wednesday.

Check Out Our Latest Report on CTRN

About Citi Trends

(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.

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Insider Buying and Selling by Quarter for Citi Trends (NASDAQ:CTRN)

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