Fund 1 Investments, Llc Acquires 23,495 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc purchased 23,495 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was bought at an average price of $21.74 per share, for a total transaction of $510,781.30. Following the completion of the acquisition, the insider now directly owns 1,835,367 shares in the company, valued at approximately $39,900,878.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, April 19th, Fund 1 Investments, Llc purchased 13,000 shares of Citi Trends stock. The stock was bought 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 bought 5,000 shares of Citi Trends stock. The shares were acquired 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 acquired at an average price of $26.92 per share, for a total transaction of $53,840.00.
• On Thursday, March 28th, Fund 1 Investments, Llc bought 16,000 shares of Citi Trends stock. The shares were acquired 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 purchased at an average cost of $28.69 per share, with a total value of $416,005.00.

Citi Trends Stock Performance

Shares of CTRN opened at $22.06 on Thursday. The stock has a market cap of $188.39 million, a P/E ratio of -15.00 and a beta of 2.37. The stock has a 50-day moving average of $27.54 and a two-hundred day moving average of $26.40. Citi Trends, Inc. has a one year low of $14.20 and a one year high of $32.90.

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 business had revenue of $215.18 million during 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

CTRN has been the subject of a number of research reports. Craig Hallum reaffirmed a “hold” rating and set a $27.00 price target (down previously from $28.00) on shares of Citi Trends in a research report 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.

Hedge Funds Weigh In On Citi Trends

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

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.