Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Acquires $510,781.30 in Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 23,495 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were acquired at an average price of $21.74 per share, with a total value of $510,781.30. Following the completion of the transaction, the insider now owns 1,835,367 shares of the company’s stock, valued at approximately $39,900,878.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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, April 19th, Fund 1 Investments, Llc purchased 13,000 shares of Citi Trends stock. The stock was bought at an average cost of $22.15 per share, for a total transaction of $287,950.00.
• On Wednesday, April 17th, Fund 1 Investments, Llc acquired 18,090 shares of Citi Trends stock. The stock was bought at an average cost of $22.41 per share, with a total value of $405,396.90.
• On Monday, April 15th, Fund 1 Investments, Llc bought 5,136 shares of Citi Trends stock. The shares were bought at an average cost 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, for a total transaction of $386,580.00.
• On Wednesday, April 10th, Fund 1 Investments, Llc acquired 20,282 shares of Citi Trends stock. The shares were purchased 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 acquired 6,000 shares of Citi Trends stock. The stock was acquired at an average cost 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 acquired at an average cost 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 shares were purchased at an average cost of $26.92 per share, with a total value of $53,840.00.
• On Thursday, March 28th, Fund 1 Investments, Llc acquired 16,000 shares of Citi Trends stock. The shares were acquired at an average price of $27.12 per share, with a total value of $433,920.00.
• On Wednesday, March 20th, Fund 1 Investments, Llc acquired 14,500 shares of Citi Trends stock. The shares were bought at an average price of $28.69 per share, with a total value of $416,005.00.

Citi Trends Price Performance

NASDAQ CTRN traded up $0.01 on Tuesday, hitting $22.23. The company had a trading volume of 100,975 shares, compared to its average volume of 76,761. The company’s fifty day moving average price is $27.67 and its 200-day moving average price is $26.41. The company has a market capitalization of $189.84 million, a PE ratio of -14.99 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 earnings results on Tuesday, March 19th. The company reported $0.53 EPS for the quarter. Citi Trends had a negative net margin of 1.60% and a negative return on equity of 6.74%. The business had revenue of $215.18 million during the quarter.

Analysts Set New Price Targets

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

Institutional Trading of Citi Trends

Several large investors have recently made changes to their positions in CTRN. Fund 1 Investments LLC raised its holdings 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 acquiring an additional 474,736 shares during the last quarter. Jennison Associates LLC grew its position in shares of Citi Trends by 10.6% in the fourth quarter. Jennison Associates LLC now owns 416,029 shares of the company’s stock valued at $11,765,000 after purchasing an additional 39,751 shares in the last quarter. AWM Investment Company Inc. increased its holdings in shares of Citi Trends by 3.4% in the third quarter. AWM Investment Company Inc. now owns 265,768 shares of the company’s stock valued at $5,905,000 after purchasing an additional 8,660 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Citi Trends by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 197,815 shares of the company’s stock worth $5,594,000 after buying an additional 4,779 shares during the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in shares of Citi Trends in the 3rd quarter worth $2,254,000.

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.