Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Purchases 4,800 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 4,800 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was purchased at an average price of $22.07 per share, for a total transaction of $105,936.00. Following the completion of the acquisition, the insider now directly owns 1,869,167 shares in the company, valued at $41,252,515.69. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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, April 26th, Fund 1 Investments, Llc bought 11,300 shares of Citi Trends stock. The stock was purchased at an average price of $22.20 per share, for a total transaction of $250,860.00.
• On Monday, April 22nd, Fund 1 Investments, Llc bought 23,495 shares of Citi Trends stock. The shares were acquired at an average price of $21.74 per share, for a total transaction of $510,781.30.
• On Friday, April 19th, Fund 1 Investments, Llc bought 13,000 shares of Citi Trends stock. The shares were acquired at an average price 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 stock was purchased 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 stock was purchased 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 acquired 17,000 shares of Citi Trends stock. The stock was purchased at an average cost of $22.74 per share, for a total transaction of $386,580.00.
• On Wednesday, April 10th, Fund 1 Investments, Llc acquired 20,282 shares of Citi Trends stock. The stock was purchased at an average cost of $23.12 per share, for a total transaction 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 stock was bought at an average cost of $25.19 per share, for a total transaction of $125,950.00.
• On Tuesday, April 2nd, Fund 1 Investments, Llc bought 2,000 shares of Citi Trends stock. The stock was bought at an average cost of $26.92 per share, for a total transaction of $53,840.00.

Citi Trends Price Performance

CTRN traded up $0.74 during midday trading on Friday, reaching $22.52. 75,391 shares of the company’s stock were exchanged, compared to its average volume of 76,406. The stock has a market capitalization of $192.32 million, a PE ratio of -14.96 and a beta of 2.37. The business’s 50-day moving average price is $27.27 and its 200 day moving average price is $26.34. Citi Trends, Inc. has a 1-year low of $14.20 and a 1-year high of $32.90.

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

Hedge Funds Weigh In On Citi Trends

Institutional investors have recently modified their holdings of the company. Jump Financial LLC acquired a new position in shares of Citi Trends in the fourth quarter valued at approximately $223,000. Hsbc Holdings PLC acquired a new position in Citi Trends during the third quarter worth approximately $229,000. Ancora Advisors LLC acquired a new position in Citi Trends during the third quarter worth approximately $280,000. Quadrature Capital Ltd increased its position in Citi Trends by 71.7% during the third quarter. Quadrature Capital Ltd now owns 28,241 shares of the company’s stock worth $628,000 after purchasing an additional 11,791 shares during the last quarter. Finally, Citigroup Inc. increased its position in Citi Trends by 60,229.1% during the third quarter. Citigroup Inc. now owns 33,181 shares of the company’s stock worth $737,000 after purchasing an additional 33,126 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on CTRN. Craig Hallum restated a “hold” rating and issued a $27.00 price objective (down from $28.00) on shares of Citi Trends in a research note on Tuesday, March 19th. Benchmark reissued a “buy” rating and set 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.