Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Acquires 54,000 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc acquired 54,000 shares of Citi Trends stock in a transaction that occurred on Friday, June 28th. The shares were purchased at an average cost of $21.39 per share, for a total transaction of $1,155,060.00. Following the purchase, the insider now directly owns 2,541,986 shares of the company’s stock, valued at approximately $54,373,080.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large 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 Wednesday, June 26th, Fund 1 Investments, Llc purchased 1,000 shares of Citi Trends stock. The shares were acquired at an average cost of $21.52 per share, for a total transaction of $21,520.00.
• On Monday, June 24th, Fund 1 Investments, Llc acquired 21,000 shares of Citi Trends stock. The stock was acquired at an average cost of $21.21 per share, with a total value of $445,410.00.
• On Friday, June 21st, Fund 1 Investments, Llc purchased 52,000 shares of Citi Trends stock. The stock was acquired at an average cost of $21.39 per share, for a total transaction of $1,112,280.00.
• On Friday, June 14th, Fund 1 Investments, Llc acquired 49,000 shares of Citi Trends stock. The shares were bought at an average cost of $21.58 per share, with a total value of $1,057,420.00.
• On Wednesday, June 12th, Fund 1 Investments, Llc bought 6,000 shares of Citi Trends stock. The stock was purchased at an average price of $22.36 per share, for a total transaction of $134,160.00.
• On Friday, June 7th, Fund 1 Investments, Llc purchased 46,500 shares of Citi Trends stock. The shares were purchased at an average cost of $22.59 per share, with a total value of $1,050,435.00.
• On Wednesday, June 5th, Fund 1 Investments, Llc acquired 7,835 shares of Citi Trends stock. The stock was purchased at an average cost of $24.02 per share, for a total transaction of $188,196.70.
• On Wednesday, May 22nd, Fund 1 Investments, Llc bought 32,192 shares of Citi Trends stock. The shares were acquired at an average cost of $22.21 per share, with a total value of $714,984.32.
• On Monday, May 20th, Fund 1 Investments, Llc purchased 16,100 shares of Citi Trends stock. The shares were acquired at an average cost of $23.23 per share, for a total transaction of $374,003.00.
• On Friday, May 17th, Fund 1 Investments, Llc bought 6,000 shares of Citi Trends stock. The stock was acquired at an average cost of $23.07 per share, for a total transaction of $138,420.00.

Citi Trends Trading Down 2.2 %

NASDAQ CTRN opened at $21.26 on Monday. The company’s fifty day simple moving average is $22.60 and its 200-day simple moving average is $25.89. The stock has a market cap of $182.84 million, a P/E ratio of -19.69 and a beta of 2.38. Citi Trends, Inc. has a 52 week low of $16.19 and a 52 week high of $32.90.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings data on Tuesday, June 4th. The company reported ($0.32) earnings per share for the quarter. Citi Trends had a negative net margin of 1.16% and a negative return on equity of 4.99%. The firm had revenue of $186.29 million during the quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CTRN shares. Benchmark reiterated a “buy” rating and issued a $35.00 price target on shares of Citi Trends in a report on Wednesday, June 5th. Craig Hallum lowered their target price on Citi Trends from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th.

Institutional Investors Weigh In On Citi Trends

A number of hedge funds have recently bought and sold shares of CTRN. SG Americas Securities LLC purchased a new position in shares of Citi Trends during the 1st quarter valued at approximately $139,000. Jump Financial LLC acquired a new stake in Citi Trends in the fourth quarter valued at $223,000. Hsbc Holdings PLC bought a new position in Citi Trends during the 3rd quarter valued at $229,000. Ancora Advisors LLC acquired a new position in Citi Trends during the 3rd quarter worth $280,000. Finally, Empowered Funds LLC increased its position in shares of Citi Trends by 8.0% in the 1st quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock worth $577,000 after purchasing an additional 1,575 shares during 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.