Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Purchases 18,090 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc bought 18,090 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were acquired at an average cost of $22.41 per share, for a total transaction of $405,396.90. Following the purchase, the insider now directly owns 1,798,872 shares in the company, valued at approximately $40,312,721.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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 Monday, April 15th, Fund 1 Investments, Llc bought 5,136 shares of Citi Trends stock. The shares were acquired 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 bought 17,000 shares of Citi Trends stock. The shares were acquired at an average cost 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 cost 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 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 shares were purchased at an average price of $25.19 per share, with a total value of $125,950.00.
• On Tuesday, April 2nd, Fund 1 Investments, Llc purchased 2,000 shares of Citi Trends stock. The shares were purchased at an average price of $26.92 per share, with a total value of $53,840.00.
• On Thursday, March 28th, Fund 1 Investments, Llc purchased 16,000 shares of Citi Trends stock. The shares were purchased 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 purchased 14,500 shares of Citi Trends stock. The shares were acquired at an average cost of $28.69 per share, for a total transaction of $416,005.00.
• On Monday, March 18th, Fund 1 Investments, Llc bought 11,000 shares of Citi Trends stock. The stock was acquired at an average price of $29.50 per share, for a total transaction of $324,500.00.
• On Monday, March 11th, Fund 1 Investments, Llc purchased 15,000 shares of Citi Trends stock. The stock was acquired at an average cost of $30.33 per share, with a total value of $454,950.00.

Citi Trends Stock Down 1.4 %

CTRN traded down $0.32 on Wednesday, hitting $22.37. The company had a trading volume of 55,455 shares, compared to its average volume of 76,214. The company has a market cap of $191.04 million, a PE ratio of -15.44 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. The business’s fifty day simple moving average is $28.24 and its 200 day simple moving average is $26.40.

Citi Trends (NASDAQ:CTRN) last announced its earnings results on Tuesday, March 19th. The company reported $0.53 earnings per share (EPS) for the quarter. Citi Trends had a negative return on equity of 6.76% and a negative net margin of 1.60%. The business had revenue of $215.18 million during the quarter.

Wall Street Analysts Forecast Growth

CTRN has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and issued a $35.00 price target 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 target (down previously from $28.00) on shares of Citi Trends in a research report on Tuesday, March 19th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CTRN. Swiss National Bank boosted its position in shares of Citi Trends by 4.6% during the first quarter. Swiss National Bank now owns 20,400 shares of the company’s stock valued at $625,000 after buying an additional 900 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Citi Trends by 301.2% in the first quarter. JPMorgan Chase & Co. now owns 63,124 shares of the company’s stock valued at $1,934,000 after purchasing an additional 47,389 shares during the period. American Century Companies Inc. boosted its holdings in shares of Citi Trends by 14.9% in the first quarter. American Century Companies Inc. now owns 50,211 shares of the company’s stock valued at $1,538,000 after purchasing an additional 6,498 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Citi Trends by 45.4% in the first quarter. MetLife Investment Management LLC now owns 5,006 shares of the company’s stock valued at $153,000 after purchasing an additional 1,564 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Citi Trends by 14.1% in the first quarter. BlackRock Inc. now owns 691,121 shares of the company’s stock valued at $21,165,000 after purchasing an additional 85,495 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.