Citi Trends, Inc. (NASDAQ:CTRN – Get Free Report) major shareholder Fund 1 Investments, Llc bought 11,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $29.50 per share, with a total value of $324,500.00. Following the purchase, the insider now owns 1,560,741 shares of the company’s stock, valued at $46,041,859.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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, March 20th, Fund 1 Investments, Llc acquired 14,500 shares of Citi Trends stock. The stock was purchased at an average price of $28.69 per share, with a total value of $416,005.00.
- On Monday, March 11th, Fund 1 Investments, Llc bought 15,000 shares of Citi Trends stock. The stock was bought at an average cost of $30.33 per share, for a total transaction of $454,950.00.
- On Monday, March 4th, Fund 1 Investments, Llc bought 31,634 shares of Citi Trends stock. The stock was bought at an average cost of $31.21 per share, for a total transaction of $987,297.14.
- On Thursday, February 29th, Fund 1 Investments, Llc acquired 70,804 shares of Citi Trends stock. The shares were acquired at an average cost of $30.51 per share, for a total transaction of $2,160,230.04.
Citi Trends Trading Down 2.1 %
NASDAQ CTRN opened at $28.00 on Friday. The business’s 50-day moving average price is $29.09 and its 200 day moving average price is $25.82. Citi Trends, Inc. has a twelve month low of $14.20 and a twelve month high of $32.90. The company has a market capitalization of $239.12 million, a PE ratio of -19.05 and a beta of 2.39.
Hedge Funds Weigh In On Citi Trends
Analysts Set New Price Targets
A number of brokerages recently weighed in on CTRN. Benchmark reaffirmed a “buy” rating and set a $35.00 price objective on shares of Citi Trends in a report on Wednesday. Craig Hallum reissued a “hold” rating and issued a $27.00 target price (down previously from $28.00) on shares of Citi Trends in a report on Tuesday.
Check Out Our Latest Analysis on Citi Trends
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.
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