Fund 1 Investments, Llc Purchases 13,000 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 13,000 shares of the stock in a transaction on Friday, April 19th. The shares were acquired at an average price of $22.15 per share, with a total value of $287,950.00. Following the purchase, the insider now owns 1,811,872 shares of the company’s stock, valued at $40,132,964.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more 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 Monday, April 22nd, Fund 1 Investments, Llc acquired 23,495 shares of Citi Trends stock. The shares were acquired at an average price of $21.74 per share, for a total transaction of $510,781.30.
• On Wednesday, April 17th, Fund 1 Investments, Llc bought 18,090 shares of Citi Trends stock. The stock was bought at an average price of $22.41 per share, with a total value of $405,396.90.
• On Monday, April 15th, Fund 1 Investments, Llc purchased 5,136 shares of Citi Trends stock. The stock was 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 acquired 17,000 shares of Citi Trends stock. The shares were bought at an average price of $22.74 per share, with a total value of $386,580.00.
• On Wednesday, April 10th, Fund 1 Investments, Llc bought 20,282 shares of Citi Trends stock. The stock was bought 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 acquired 6,000 shares of Citi Trends stock. The stock was purchased at an average cost of $24.35 per share, for a total transaction of $146,100.00.
• On Thursday, April 4th, Fund 1 Investments, Llc purchased 5,000 shares of Citi Trends stock. The stock was purchased 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 acquired 2,000 shares of Citi Trends stock. The stock was acquired 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 bought 16,000 shares of Citi Trends stock. The shares were acquired at an average cost 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 stock was acquired at an average cost of $28.69 per share, with a total value of $416,005.00.

Citi Trends Stock Down 0.8 %

Shares of CTRN stock opened at $22.06 on Thursday. The stock has a 50-day simple moving average of $27.54 and a 200 day simple moving average of $26.40. Citi Trends, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $32.90. The stock has a market capitalization of $188.39 million, a P/E ratio of -15.00 and a beta of 2.37.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Fund 1 Investments LLC grew 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 worth $37,594,000 after acquiring an additional 474,736 shares during the last quarter. Jennison Associates LLC boosted its position 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 purchasing an additional 39,751 shares during the period. AWM Investment Company Inc. increased its stake in Citi Trends by 3.4% in the 3rd quarter. AWM Investment Company Inc. now owns 265,768 shares of the company’s stock worth $5,905,000 after purchasing an additional 8,660 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Citi Trends by 2.5% during the 4th 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 period. Finally, Assenagon Asset Management S.A. lifted its stake in Citi Trends by 89.5% during the first 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 in the last quarter.

Analysts Set New Price Targets

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

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.