Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Acquires $386,580.00 in Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 17,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was bought at an average cost of $22.74 per share, for a total transaction of $386,580.00. Following the completion of the transaction, the insider now directly owns 1,763,646 shares of the company’s stock, valued at $40,105,310.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large 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, April 10th, Fund 1 Investments, Llc purchased 20,282 shares of Citi Trends stock. The shares were purchased at an average price of $23.12 per share, with a total value of $468,919.84.
• On Monday, April 8th, Fund 1 Investments, Llc acquired 6,000 shares of Citi Trends stock. The stock was purchased at an average cost of $24.35 per share, for a total transaction of $146,100.00.
• On Thursday, April 4th, Fund 1 Investments, Llc bought 5,000 shares of Citi Trends stock. The shares were purchased 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 purchased 2,000 shares of Citi Trends stock. The stock was purchased at an average price of $26.92 per share, for a total transaction 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 bought 14,500 shares of Citi Trends stock. The shares were acquired at an average cost of $28.69 per share, for a total transaction of $416,005.00.
• On Monday, March 18th, Fund 1 Investments, Llc purchased 11,000 shares of Citi Trends stock. The stock was acquired at an average cost of $29.50 per share, with a total value of $324,500.00.
• On Monday, March 11th, Fund 1 Investments, Llc acquired 15,000 shares of Citi Trends stock. The stock was bought at an average cost of $30.33 per share, with a total value of $454,950.00.
• On Monday, March 4th, Fund 1 Investments, Llc bought 31,634 shares of Citi Trends stock. The shares were bought at an average cost of $31.21 per share, for a total transaction of $987,297.14.
• On Thursday, February 29th, Fund 1 Investments, Llc acquired 70,804 shares of Citi Trends stock. The stock was bought at an average price of $30.51 per share, with a total value of $2,160,230.04.

Citi Trends Stock Down 1.5 %

Citi Trends stock traded down $0.34 during mid-day trading on Friday, hitting $22.94. The company’s stock had a trading volume of 58,996 shares, compared to its average volume of 75,815. The stock has a market capitalization of $195.91 million, a P/E ratio of -15.61 and a beta of 2.37. Citi Trends, Inc. has a twelve month low of $14.20 and a twelve month high of $32.90. The stock’s fifty day moving average price is $28.58 and its two-hundred day moving average price is $26.29.

Citi Trends (NASDAQ:CTRN) last issued its earnings results 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 6.76% and a negative net margin of 1.60%.

Institutional Trading of Citi Trends

A number of institutional investors have recently added to or reduced their stakes in CTRN. Meeder Asset Management Inc. bought a new position in shares of Citi Trends during the 4th quarter valued at $53,000. Barclays PLC increased its position in Citi Trends by 303.7% during the fourth quarter. Barclays PLC now owns 2,176 shares of the company’s stock worth $58,000 after buying an additional 1,637 shares during the last quarter. BNP Paribas Arbitrage SNC raised its holdings in Citi Trends by 97.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 3,883 shares of the company’s stock valued at $60,000 after buying an additional 1,921 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Citi Trends by 707.1% in the third quarter. Tower Research Capital LLC TRC now owns 4,084 shares of the company’s stock worth $63,000 after buying an additional 3,578 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Citi Trends by 82.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,536 shares of the company’s stock worth $67,000 after acquiring an additional 1,144 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Craig Hallum reissued a “hold” rating and set a $27.00 target price (down previously from $28.00) on shares of Citi Trends in a report on Tuesday, March 19th. Benchmark restated a “buy” rating and issued a $35.00 price objective on shares of Citi Trends in a report on Wednesday, March 20th.

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.