Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Buys 5,136 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc acquired 5,136 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was bought at an average price of $22.41 per share, with a total value of $115,097.76. Following the purchase, the insider now directly owns 1,768,782 shares in the company, valued at approximately $39,638,404.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 Wednesday, April 17th, Fund 1 Investments, Llc bought 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 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 bought 20,282 shares of Citi Trends stock. The shares were acquired 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 bought 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 bought 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 bought 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 bought 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 stock was purchased 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 stock was purchased 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 acquired 15,000 shares of Citi Trends stock. The stock was purchased at an average price of $30.33 per share, with a total value of $454,950.00.

Citi Trends Trading Down 1.4 %

NASDAQ:CTRN opened at $22.37 on Thursday. The firm has a market cap of $191.04 million, a P/E ratio of -15.22 and a beta of 2.37. The stock’s 50 day simple moving average is $28.10 and its 200-day simple moving average is $26.37. Citi Trends, Inc. has a 12-month low of $14.20 and a 12-month high of $32.90.

Citi Trends (NASDAQ:CTRN) last posted its earnings results on Tuesday, March 19th. The company reported $0.53 EPS 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

Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in Citi Trends during the fourth quarter worth $53,000. Barclays PLC lifted its position in shares of Citi Trends by 303.7% in the fourth quarter. Barclays PLC now owns 2,176 shares of the company’s stock valued at $58,000 after acquiring an additional 1,637 shares in the last quarter. BNP Paribas Arbitrage SNC lifted its position in shares of Citi Trends by 97.9% in the third quarter. BNP Paribas Arbitrage SNC now owns 3,883 shares of the company’s stock valued at $60,000 after acquiring 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 valued at $63,000 after acquiring an additional 3,578 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Citi Trends by 82.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,536 shares of the company’s stock valued at $67,000 after acquiring an additional 1,144 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on CTRN. Craig Hallum reiterated a “hold” rating and issued a $27.00 price objective (down previously from $28.00) on shares of Citi Trends in a research note on Tuesday, March 19th. Benchmark reiterated a “buy” rating and issued a $35.00 price objective on shares of Citi Trends in a research note 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.