Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Purchases $144,070.80 in Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 6,330 shares of Citi Trends stock in a transaction on Monday, May 6th. The stock was acquired at an average price of $22.76 per share, for a total transaction of $144,070.80. Following the transaction, the insider now directly owns 1,992,397 shares of the company’s stock, valued at $45,346,955.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% 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 Friday, May 3rd, Fund 1 Investments, Llc acquired 5,000 shares of Citi Trends stock. The stock was bought at an average price of $22.07 per share, for a total transaction of $110,350.00.
• On Wednesday, May 1st, Fund 1 Investments, Llc bought 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 bought 10,800 shares of Citi Trends stock. The stock was purchased at an average cost of $21.79 per share, for a total transaction of $235,332.00.
• On Friday, April 26th, Fund 1 Investments, Llc purchased 11,300 shares of Citi Trends stock. The shares were purchased at an average price 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 stock was purchased at an average price 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 purchased at an average price of $21.74 per share, with a total value of $510,781.30.
• On Friday, April 19th, Fund 1 Investments, Llc purchased 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 purchased 18,090 shares of Citi Trends stock. The shares were acquired 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 acquired 5,136 shares of Citi Trends stock. The stock was acquired at an average price of $22.41 per share, with a total value 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.

Citi Trends Stock Up 0.4 %

Shares of Citi Trends stock opened at $23.03 on Friday. Citi Trends, Inc. has a 52-week low of $14.20 and a 52-week high of $32.90. The company has a market capitalization of $196.61 million, a P/E ratio of -15.67 and a beta of 2.43. The company has a 50 day moving average of $25.94 and a 200 day moving average of $26.24.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $35.00 price objective on shares of Citi Trends in a research report on Wednesday, March 20th. Craig Hallum reissued a “hold” rating and set a $27.00 target price (down from $28.00) on shares of Citi Trends in a research note on Tuesday, March 19th.

Institutional Investors Weigh In On Citi Trends

Several hedge funds and other institutional investors have recently made changes to their positions in CTRN. SG Americas Securities LLC acquired a new stake in Citi Trends during the first quarter worth approximately $139,000. Jump Financial LLC acquired a new stake in Citi Trends during the 4th quarter worth $223,000. Hsbc Holdings PLC purchased a new stake in Citi Trends in the third quarter valued at $229,000. Ancora Advisors LLC purchased a new stake in Citi Trends in the third quarter valued at $280,000. Finally, Empowered Funds LLC boosted its stake in Citi Trends by 8.0% in the first 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 in the last quarter.

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.