Fund 1 Investments, Llc Acquires 7,835 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRNGet Free Report) major shareholder Fund 1 Investments, Llc purchased 7,835 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were acquired at an average price of $24.02 per share, for a total transaction of $188,196.70. Following the purchase, the insider now owns 2,159,362 shares in the company, valued at $51,867,875.24. The purchase was disclosed in a document filed with the SEC, which can be accessed 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 Friday, June 7th, Fund 1 Investments, Llc acquired 46,500 shares of Citi Trends stock. The stock was acquired at an average price of $22.59 per share, with a total value of $1,050,435.00.
  • On Wednesday, May 22nd, Fund 1 Investments, Llc bought 32,192 shares of Citi Trends stock. The shares were bought at an average price of $22.21 per share, for a total transaction of $714,984.32.
  • On Monday, May 20th, Fund 1 Investments, Llc purchased 16,100 shares of Citi Trends stock. The shares were bought 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 acquired 6,000 shares of Citi Trends stock. The stock was bought at an average cost of $23.07 per share, for a total transaction of $138,420.00.
  • On Wednesday, May 15th, Fund 1 Investments, Llc bought 15,785 shares of Citi Trends stock. The shares were bought 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 stock was purchased at an average cost of $23.48 per share, for a total transaction of $128,693.88.
  • On Monday, May 6th, Fund 1 Investments, Llc acquired 6,330 shares of Citi Trends stock. The shares were purchased at an average cost of $22.76 per share, with a total value of $144,070.80.
  • On Friday, May 3rd, Fund 1 Investments, Llc bought 5,000 shares of Citi Trends stock. The stock was purchased 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 purchased 30,000 shares of Citi Trends stock. The stock was acquired 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, with a total value of $235,332.00.

Citi Trends Stock Down 1.7 %

CTRN stock opened at $22.61 on Friday. The business’s 50-day simple moving average is $23.32 and its 200 day simple moving average is $26.15. The company has a market cap of $193.09 million, a PE ratio of -20.93 and a beta of 2.38. Citi Trends, Inc. has a twelve month low of $15.75 and a twelve month high of $32.90.

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Benchmark reaffirmed a “buy” rating and issued a $35.00 price target on shares of Citi Trends in a research report on Wednesday. Craig Hallum dropped their target price on shares of Citi Trends from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Wednesday.

View Our Latest Stock Report on Citi Trends

Institutional Investors Weigh In On Citi Trends

A number of institutional investors have recently bought and sold shares of CTRN. Barclays PLC boosted its position in shares of Citi Trends by 4,172.0% during the 3rd quarter. Barclays PLC now owns 41,481 shares of the company’s stock valued at $921,000 after acquiring an additional 40,510 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Citi Trends by 13.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 193,036 shares of the company’s stock valued at $4,289,000 after purchasing an additional 22,311 shares in the last quarter. Citigroup Inc. grew its stake 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 period. Hsbc Holdings PLC acquired a new position in shares of Citi Trends in the 3rd quarter worth approximately $229,000. Finally, Acadian Asset Management LLC bought a new position in shares of Citi Trends during the 3rd quarter worth approximately $1,089,000.

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.

Further Reading

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

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