Fund 1 Investments, Llc Buys 20,282 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc purchased 20,282 shares of Citi Trends stock in a transaction on Wednesday, April 10th. The stock was bought at an average price of $23.12 per share, with a total value of $468,919.84. Following the completion of the acquisition, the insider now directly owns 1,721,646 shares of the company’s stock, valued at approximately $39,804,455.52. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Friday, April 12th, Fund 1 Investments, Llc purchased 17,000 shares of Citi Trends stock. The stock was bought at an average price of $22.74 per share, with a total value of $386,580.00.
• On Monday, April 8th, Fund 1 Investments, Llc acquired 6,000 shares of Citi Trends stock. The shares were acquired at an average price 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 price 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 price 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 shares were acquired at an average price 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 shares were acquired at an average price of $28.69 per share, with a total value of $416,005.00.
• On Monday, March 18th, Fund 1 Investments, Llc acquired 11,000 shares of Citi Trends stock. The shares were acquired at an average price of $29.50 per share, with a total value of $324,500.00.
• On Monday, March 11th, Fund 1 Investments, Llc purchased 15,000 shares of Citi Trends stock. The shares were purchased at an average price of $30.33 per share, for a total transaction of $454,950.00.
• On Monday, March 4th, Fund 1 Investments, Llc purchased 31,634 shares of Citi Trends stock. The shares were purchased at an average price of $31.21 per share, for a total transaction of $987,297.14.
• On Thursday, February 29th, Fund 1 Investments, Llc purchased 70,804 shares of Citi Trends stock. The shares were purchased at an average price of $30.51 per share, for a total transaction of $2,160,230.04.

Citi Trends Stock Performance

Shares of CTRN stock opened at $22.94 on Friday. The firm has a market cap of $195.91 million, a price-to-earnings ratio of -15.61 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. The firm’s 50-day simple moving average is $28.48 and its two-hundred day simple moving average is $26.35.

Citi Trends (NASDAQ:CTRN) last announced 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 1.60% and a negative return on equity of 6.76%.

Institutional Trading of Citi Trends

Hedge funds have recently added to or reduced their stakes in the stock. Fund 1 Investments LLC raised its position in shares of Citi Trends by 55.6% in the fourth quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company’s stock valued at $37,594,000 after purchasing an additional 474,736 shares during the period. Alliancebernstein L.P. raised its position in shares of Citi Trends by 23.9% in the third quarter. Alliancebernstein L.P. now owns 996,785 shares of the company’s stock valued at $15,460,000 after purchasing an additional 192,407 shares during the period. Vanguard Group Inc. raised its position in shares of Citi Trends by 24.2% in the first quarter. Vanguard Group Inc. now owns 636,508 shares of the company’s stock valued at $19,493,000 after purchasing an additional 124,010 shares during the period. Jennison Associates LLC raised its position in shares of Citi Trends by 47.5% in the third quarter. Jennison Associates LLC now owns 376,278 shares of the company’s stock valued at $8,361,000 after purchasing an additional 121,134 shares during the period. Finally, Millennium Management LLC raised its position in shares of Citi Trends by 89.4% in the second quarter. Millennium Management LLC now owns 253,906 shares of the company’s stock valued at $6,005,000 after purchasing an additional 119,821 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CTRN. Benchmark restated a “buy” rating and set a $35.00 price target on shares of Citi Trends in a report on Wednesday, March 20th. Craig Hallum restated a “hold” rating and set a $27.00 price target (down from $28.00) on shares of Citi Trends in a report on Tuesday, March 19th.

About Citi Trends

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.