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

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc purchased 4,800 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was acquired at an average cost of $22.07 per share, with a total value of $105,936.00. Following the acquisition, the insider now owns 1,869,167 shares in the company, valued at approximately $41,252,515.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% 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 26th, Fund 1 Investments, Llc acquired 11,300 shares of Citi Trends stock. The shares were bought 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 stock was bought at an average price of $21.74 per share, with a total value of $510,781.30.
• On Friday, April 19th, Fund 1 Investments, Llc purchased 13,000 shares of Citi Trends stock. The shares were bought 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 shares were purchased at an average cost of $22.41 per share, with a total value of $405,396.90.
• On Monday, April 15th, Fund 1 Investments, Llc bought 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 purchased 17,000 shares of Citi Trends stock. The shares were purchased at an average cost of $22.74 per share, with a total value of $386,580.00.
• 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, 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, with a total value of $146,100.00.
• On Thursday, April 4th, Fund 1 Investments, Llc bought 5,000 shares of Citi Trends stock. The shares were acquired 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 purchased 2,000 shares of Citi Trends stock. The shares were acquired at an average cost of $26.92 per share, with a total value of $53,840.00.

Citi Trends Stock Up 3.4 %

Shares of NASDAQ CTRN opened at $22.52 on Friday. Citi Trends, Inc. has a twelve month low of $14.20 and a twelve month high of $32.90. The business has a fifty day simple moving average of $27.13 and a two-hundred day simple moving average of $26.34. The firm has a market cap of $192.32 million, a PE ratio of -15.32 and a beta of 2.37.

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

Institutional Investors Weigh In On Citi Trends

Hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its position in Citi Trends by 89.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 118,772 shares of the company’s stock valued at $3,222,000 after acquiring an additional 56,087 shares in the last quarter. Fund 1 Investments LLC grew its stake in 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 last quarter. Franklin Resources Inc. raised its holdings in Citi Trends by 22.1% in the fourth quarter. Franklin Resources Inc. now owns 50,197 shares of the company’s stock worth $1,420,000 after purchasing an additional 9,074 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Citi Trends during the fourth quarter valued at about $223,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Citi Trends by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 197,815 shares of the company’s stock valued at $5,594,000 after buying an additional 4,779 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Benchmark reiterated a “buy” rating and issued a $35.00 target price on shares of Citi Trends in a research note on Wednesday, March 20th. Craig Hallum reaffirmed a “hold” rating and issued a $27.00 price target (down previously from $28.00) on shares of Citi Trends in a research note 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.