Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Acquires $1,155,060.00 in Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc acquired 54,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average cost of $21.39 per share, for a total transaction of $1,155,060.00. Following the purchase, the insider now owns 2,541,986 shares of the company’s stock, valued at $54,373,080.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 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, June 26th, Fund 1 Investments, Llc bought 1,000 shares of Citi Trends stock. The stock was purchased at an average price of $21.52 per share, with a total value of $21,520.00.
• On Monday, June 24th, Fund 1 Investments, Llc purchased 21,000 shares of Citi Trends stock. The shares were purchased at an average price of $21.21 per share, for a total transaction of $445,410.00.
• On Friday, June 21st, Fund 1 Investments, Llc acquired 52,000 shares of Citi Trends stock. The stock was acquired at an average cost of $21.39 per share, with a total value of $1,112,280.00.
• On Friday, June 14th, Fund 1 Investments, Llc acquired 49,000 shares of Citi Trends stock. The shares were bought at an average price of $21.58 per share, with a total value of $1,057,420.00.
• On Wednesday, June 12th, Fund 1 Investments, Llc bought 6,000 shares of Citi Trends stock. The stock was bought at an average price of $22.36 per share, for a total transaction of $134,160.00.
• On Friday, June 7th, Fund 1 Investments, Llc purchased 46,500 shares of Citi Trends stock. The stock was purchased at an average price of $22.59 per share, for a total transaction of $1,050,435.00.
• On Wednesday, June 5th, Fund 1 Investments, Llc acquired 7,835 shares of Citi Trends stock. The stock was bought at an average cost of $24.02 per share, with a total value of $188,196.70.
• On Wednesday, May 22nd, Fund 1 Investments, Llc acquired 32,192 shares of Citi Trends stock. The shares were acquired at an average price of $22.21 per share, with a total value of $714,984.32.
• On Monday, May 20th, Fund 1 Investments, Llc bought 16,100 shares of Citi Trends stock. The shares were acquired at an average cost of $23.23 per share, with a total value of $374,003.00.
• On Friday, May 17th, Fund 1 Investments, Llc purchased 6,000 shares of Citi Trends stock. The stock was acquired at an average cost of $23.07 per share, for a total transaction of $138,420.00.

Citi Trends Stock Performance

Shares of Citi Trends stock opened at $21.26 on Monday. Citi Trends, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $32.90. The company has a market cap of $182.84 million, a P/E ratio of -19.69 and a beta of 2.38. The firm has a 50-day simple moving average of $22.60 and a two-hundred day simple moving average of $25.89.

Citi Trends (NASDAQ:CTRN) last released its quarterly earnings results on Tuesday, June 4th. The company reported ($0.32) earnings per share for the quarter. The business had revenue of $186.29 million during the quarter. Citi Trends had a negative return on equity of 4.99% and a negative net margin of 1.16%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CTRN shares. Benchmark reissued a “buy” rating and issued a $35.00 price objective on shares of Citi Trends in a report on Wednesday, June 5th. Craig Hallum lowered their price objective on Citi Trends from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th.

Institutional Investors Weigh In On Citi Trends

Several institutional investors and hedge funds have recently added to or reduced their stakes in CTRN. SG Americas Securities LLC purchased a new stake in shares of Citi Trends during the first quarter worth about $139,000. Jump Financial LLC acquired a new stake in shares of Citi Trends in the fourth quarter valued at about $223,000. Hsbc Holdings PLC acquired a new position in Citi Trends during the third quarter worth about $229,000. Ancora Advisors LLC purchased a new stake in Citi Trends during the 3rd quarter valued at about $280,000. Finally, Empowered Funds LLC raised its holdings in Citi Trends by 8.0% in the 1st quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock valued at $577,000 after acquiring an additional 1,575 shares during the last quarter.

Citi Trends Company Profile

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.