Fund 1 Investments, Llc Buys 6,000 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 6,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of $23.07 per share, with a total value of $138,420.00. Following the transaction, the insider now owns 2,052,513 shares in the company, valued at $47,351,474.91. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Monday, May 20th, Fund 1 Investments, Llc bought 16,100 shares of Citi Trends stock. The shares were purchased at an average cost of $23.23 per share, with a total value of $374,003.00.
• On Wednesday, May 15th, Fund 1 Investments, Llc bought 15,785 shares of Citi Trends stock. The shares were purchased at an average cost of $24.07 per share, with a total value of $379,944.95.
• On Monday, May 13th, Fund 1 Investments, Llc bought 5,481 shares of Citi Trends stock. The shares were purchased at an average cost of $23.48 per share, with a total value of $128,693.88.
• On Monday, May 6th, Fund 1 Investments, Llc acquired 6,330 shares of Citi Trends stock. The shares were bought at an average cost of $22.76 per share, with a total value of $144,070.80.
• On Friday, May 3rd, Fund 1 Investments, Llc acquired 5,000 shares of Citi Trends stock. The shares were bought at an average cost of $22.07 per share, with a total value of $110,350.00.
• On Wednesday, May 1st, Fund 1 Investments, Llc acquired 30,000 shares of Citi Trends stock. The shares were bought at an average cost of $21.47 per share, with a total value of $644,100.00.
• On Monday, April 29th, Fund 1 Investments, Llc acquired 10,800 shares of Citi Trends stock. The shares were bought at an average cost of $21.79 per share, with a total value of $235,332.00.
• On Friday, April 26th, Fund 1 Investments, Llc acquired 11,300 shares of Citi Trends stock. The shares were bought 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 acquired 4,800 shares of Citi Trends stock. The shares were bought at an average cost of $22.07 per share, with a total value of $105,936.00.
• On Monday, April 22nd, Fund 1 Investments, Llc bought 23,495 shares of Citi Trends stock. The stock was acquired at an average cost of $21.74 per share, for a total transaction of $510,781.30.

Citi Trends Trading Down 1.6 %

Shares of Citi Trends stock opened at $22.36 on Thursday. The stock has a market capitalization of $190.89 million, a price-to-earnings ratio of -15.21 and a beta of 2.43. Citi Trends, Inc. has a 1-year low of $14.20 and a 1-year high of $32.90. The firm’s 50-day moving average price is $24.47 and its two-hundred day moving average price is $26.23.

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

Institutional Trading of Citi Trends

Several large investors have recently added to or reduced their stakes in CTRN. SG Americas Securities LLC bought a new stake in Citi Trends during the first quarter worth about $139,000. Jump Financial LLC acquired a new position in shares of Citi Trends during the fourth quarter worth approximately $223,000. Hsbc Holdings PLC acquired a new position in shares of Citi Trends during the third quarter worth approximately $229,000. Ancora Advisors LLC acquired a new position in shares of Citi Trends during the third quarter worth approximately $280,000. Finally, Empowered Funds LLC lifted its position in shares of Citi Trends by 8.0% during the first quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock worth $577,000 after purchasing an additional 1,575 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Benchmark reissued 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 reissued a “hold” rating and issued a $27.00 target price (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.