Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Acquires 11,300 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc acquired 11,300 shares of Citi Trends stock in a transaction on Friday, April 26th. The shares were bought at an average cost of $22.20 per share, for a total transaction of $250,860.00. Following the completion of the transaction, the insider now owns 1,889,467 shares in the company, valued at approximately $41,946,167.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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, 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, for a total transaction of $105,936.00.
• On Monday, April 22nd, Fund 1 Investments, Llc bought 23,495 shares of Citi Trends stock. The shares were acquired at an average price of $21.74 per share, for a total transaction of $510,781.30.
• On Friday, April 19th, Fund 1 Investments, Llc bought 13,000 shares of Citi Trends stock. The shares were acquired 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 bought 18,090 shares of Citi Trends stock. The shares were acquired at an average price of $22.41 per share, for a total transaction of $405,396.90.
• On Monday, April 15th, Fund 1 Investments, Llc bought 5,136 shares of Citi Trends stock. The shares were 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, for a total transaction 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, for a total transaction 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, for a total transaction of $146,100.00.
• On Thursday, April 4th, Fund 1 Investments, Llc purchased 5,000 shares of Citi Trends stock. The stock was purchased at an average price of $25.19 per share, for a total transaction of $125,950.00.
• On Tuesday, April 2nd, Fund 1 Investments, Llc bought 2,000 shares of Citi Trends stock. The shares were bought at an average price of $26.92 per share, for a total transaction of $53,840.00.

Citi Trends Trading Up 3.4 %

Citi Trends stock traded up $0.74 during midday trading on Friday, hitting $22.52. The stock had a trading volume of 75,391 shares, compared to its average volume of 76,406. The firm’s fifty day moving average is $27.27 and its two-hundred day moving average is $26.34. The company has a market capitalization of $192.32 million, a PE ratio of -14.96 and a beta of 2.37. Citi Trends, Inc. has a 52-week low of $14.20 and a 52-week high of $32.90.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results 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 business had revenue of $215.18 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CTRN. Craig Hallum restated a “hold” rating and set a $27.00 target price (down previously from $28.00) on shares of Citi Trends in a research note on Tuesday, March 19th. Benchmark reaffirmed a “buy” rating and set a $35.00 price target on shares of Citi Trends in a research report on Wednesday, March 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CTRN. Fund 1 Investments LLC boosted its position in shares of Citi Trends by 55.6% during the 4th quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company’s stock valued at $37,594,000 after acquiring an additional 474,736 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Citi Trends by 47.5% during the 3rd quarter. Jennison Associates LLC now owns 376,278 shares of the company’s stock valued at $8,361,000 after acquiring an additional 121,134 shares during the last quarter. First Eagle Investment Management LLC bought a new position in shares of Citi Trends during the 3rd quarter valued at approximately $2,254,000. Assenagon Asset Management S.A. bought a new position in shares of Citi Trends during the 3rd quarter valued at approximately $1,617,000. Finally, Acadian Asset Management LLC bought a new position in shares of Citi Trends during the 3rd quarter valued at approximately $1,089,000.

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.