Fund 1 Investments, Llc Buys 10,800 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Posted by ABMN Staff on May 3rd, 2024

Citi Trends, Inc. (NASDAQ:CTRN – Get Free Report) major shareholder Fund 1 Investments, Llc bought 10,800 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average price of $21.79 per share, for a total transaction of $235,332.00. Following the acquisition, the insider now directly owns 1,900,267 shares of the company’s stock, valued at approximately $41,406,817.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

On Wednesday, May 1st, Fund 1 Investments, Llc acquired 30,000 shares of Citi Trends stock. The shares were bought at an average price of $21.47 per share, for a total transaction of $644,100.00.
On Friday, April 26th, Fund 1 Investments, Llc bought 11,300 shares of Citi Trends stock. The stock was purchased at an average cost of $22.20 per share, with a total value of $250,860.00.
On Wednesday, April 24th, Fund 1 Investments, Llc purchased 4,800 shares of Citi Trends stock. The shares were purchased at an average cost of $22.07 per share, for a total transaction of $105,936.00.
On Monday, April 22nd, Fund 1 Investments, Llc acquired 23,495 shares of Citi Trends stock. The stock was purchased at an average cost of $21.74 per share, with a total value of $510,781.30.
On Friday, April 19th, Fund 1 Investments, Llc bought 13,000 shares of Citi Trends stock. The stock was purchased at an average cost of $22.15 per share, for a total transaction of $287,950.00.
On Wednesday, April 17th, Fund 1 Investments, Llc purchased 18,090 shares of Citi Trends stock. The shares were acquired at an average price of $22.41 per share, with a total value of $405,396.90.
On Monday, April 15th, Fund 1 Investments, Llc acquired 5,136 shares of Citi Trends stock. The stock was acquired at an average price of $22.41 per share, for a total transaction of $115,097.76.
On Friday, April 12th, Fund 1 Investments, Llc bought 17,000 shares of Citi Trends stock. The shares were acquired at an average price 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 stock was acquired 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 shares were bought at an average cost of $24.35 per share, with a total value of $146,100.00.

Citi Trends Price Performance

CTRN opened at $21.82 on Friday. The business has a fifty day simple moving average of $26.59 and a 200 day simple moving average of $26.29. Citi Trends, Inc. has a 1 year low of $14.20 and a 1 year high of $32.90. The company has a market capitalization of $186.34 million, a PE ratio of -14.84 and a beta of 2.43.

Citi Trends (NASDAQ:CTRN – Get Free Report) last announced its earnings results on Tuesday, March 19th. The company reported $0.53 earnings per share (EPS) for the quarter. Citi Trends had a negative net margin of 1.60% and a negative return on equity of 6.74%. The company had revenue of $215.18 million during the quarter.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Citi Trends

Institutional Trading of Citi Trends

A number of institutional investors have recently bought and sold shares of CTRN. Jump Financial LLC bought a new position in shares of Citi Trends during the fourth quarter worth approximately $223,000. Hsbc Holdings PLC acquired a new stake in Citi Trends during the third quarter worth approximately $229,000. Ancora Advisors LLC acquired a new stake in Citi Trends during the third quarter worth approximately $280,000. Quadrature Capital Ltd increased its stake in Citi Trends by 71.7% during the 3rd quarter. Quadrature Capital Ltd now owns 28,241 shares of the company’s stock worth $628,000 after acquiring an additional 11,791 shares during the period. Finally, Citigroup Inc. raised its holdings in 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 acquiring an additional 33,126 shares in the last quarter.

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.