Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Buys 4,800 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc purchased 4,800 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average cost of $22.07 per share, with a total value of $105,936.00. Following the completion of the transaction, the insider now directly owns 1,869,167 shares of the company’s stock, valued at approximately $41,252,515.69. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Friday, April 26th, Fund 1 Investments, Llc bought 11,300 shares of Citi Trends stock. The stock was acquired at an average price of $22.20 per share, with a total value of $250,860.00.
• On Monday, April 22nd, Fund 1 Investments, Llc purchased 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 Friday, April 19th, Fund 1 Investments, Llc acquired 13,000 shares of Citi Trends stock. The shares were acquired at an average cost of $22.15 per share, with a total value of $287,950.00.
• On Wednesday, April 17th, Fund 1 Investments, Llc acquired 18,090 shares of Citi Trends stock. The shares were purchased at an average cost 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 stock was bought at an average cost of $22.41 per share, with a total value of $115,097.76.
• On Friday, April 12th, Fund 1 Investments, Llc purchased 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 purchased 20,282 shares of Citi Trends stock. The stock was purchased at an average cost of $23.12 per share, for a total transaction of $468,919.84.
• On Monday, April 8th, Fund 1 Investments, Llc purchased 6,000 shares of Citi Trends stock. The stock was purchased 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 acquired 5,000 shares of Citi Trends stock. The stock was 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 stock was purchased at an average cost of $26.92 per share, for a total transaction of $53,840.00.

Citi Trends Trading Up 3.4 %

Shares of Citi Trends stock opened at $22.52 on Friday. Citi Trends, Inc. has a 52 week low of $14.20 and a 52 week high of $32.90. The firm’s 50 day moving average is $27.27 and its two-hundred day moving average is $26.34.

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

Hedge Funds Weigh In On Citi Trends

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fund 1 Investments LLC increased its stake in Citi Trends by 55.6% in 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 in the last quarter. Jennison Associates LLC grew its holdings in 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 buying an additional 121,134 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Citi Trends in the third quarter worth $2,254,000. Assenagon Asset Management S.A. acquired a new stake in shares of Citi Trends during the third quarter valued at $1,617,000. Finally, Acadian Asset Management LLC acquired a new position in Citi Trends in the 3rd quarter valued at about $1,089,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on CTRN shares. 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 note on Wednesday, March 20th.

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.