Fund 1 Investments, Llc Buys 13,000 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 13,000 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was purchased at an average cost of $22.15 per share, for a total transaction of $287,950.00. Following the completion of the acquisition, the insider now owns 1,811,872 shares in the company, valued at $40,132,964.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Monday, April 22nd, Fund 1 Investments, Llc bought 23,495 shares of Citi Trends stock. The stock was purchased at an average cost of $21.74 per share, for a total transaction of $510,781.30.
• On Wednesday, April 17th, Fund 1 Investments, Llc purchased 18,090 shares of Citi Trends stock. The stock was bought 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 purchased 17,000 shares of Citi Trends stock. The shares were purchased 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 acquired 20,282 shares of Citi Trends stock. The stock was bought 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 purchased 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 purchased 5,000 shares of Citi Trends stock. The stock was bought at an average cost of $25.19 per share, for a total transaction of $125,950.00.
• On Tuesday, April 2nd, Fund 1 Investments, Llc acquired 2,000 shares of Citi Trends stock. The shares were acquired at an average cost of $26.92 per share, for a total transaction of $53,840.00.
• On Thursday, March 28th, Fund 1 Investments, Llc purchased 16,000 shares of Citi Trends stock. The shares were bought at an average price of $27.12 per share, for a total transaction of $433,920.00.
• On Wednesday, March 20th, Fund 1 Investments, Llc purchased 14,500 shares of Citi Trends stock. The shares were bought at an average price of $28.69 per share, for a total transaction of $416,005.00.

Citi Trends Trading Down 1.3 %

Shares of CTRN opened at $21.78 on Friday. The business’s 50 day moving average is $27.40 and its 200 day moving average is $26.37. The company has a market capitalization of $186.00 million, a PE ratio of -15.01 and a beta of 2.37. Citi Trends, Inc. has a 12-month low of $14.20 and a 12-month high of $32.90.

Citi Trends (NASDAQ:CTRN) last released its quarterly earnings data on Tuesday, March 19th. The company reported $0.53 earnings per share (EPS) 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 for the quarter.

Hedge Funds Weigh In On Citi Trends

Several large investors have recently modified their holdings of the stock. Fund 1 Investments LLC increased 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 purchasing an additional 474,736 shares during the last quarter. Jennison Associates LLC boosted its holdings in Citi Trends by 10.6% during the 4th quarter. Jennison Associates LLC now owns 416,029 shares of the company’s stock valued at $11,765,000 after acquiring an additional 39,751 shares during the period. AWM Investment Company Inc. boosted its holdings in Citi Trends by 3.4% during the 3rd quarter. AWM Investment Company Inc. now owns 265,768 shares of the company’s stock valued at $5,905,000 after acquiring an additional 8,660 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Citi Trends by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 197,815 shares of the company’s stock valued at $5,594,000 after acquiring an additional 4,779 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Citi Trends by 89.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 118,772 shares of the company’s stock valued at $3,222,000 after acquiring an additional 56,087 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CTRN shares. Benchmark reissued a “buy” rating and set a $35.00 price objective on shares of Citi Trends in a research note on Wednesday, March 20th. Craig Hallum reiterated a “hold” rating and issued a $27.00 price objective (down from $28.00) on shares of Citi Trends in a report 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.