Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Purchases 5,000 Shares

Posted by Stacy Sanders on May 10th, 2024

Citi Trends, Inc. (NASDAQ:CTRN – Get Free Report) major shareholder Fund 1 Investments, Llc acquired 5,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $22.07 per share, with a total value of $110,350.00. Following the completion of the acquisition, the insider now owns 1,986,067 shares of the company’s stock, valued at $43,832,498.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

On Monday, May 6th, Fund 1 Investments, Llc bought 6,330 shares of Citi Trends stock. The stock was purchased at an average price of $22.76 per share, with a total value of $144,070.80.
On Wednesday, May 1st, Fund 1 Investments, Llc purchased 30,000 shares of Citi Trends stock. The shares were purchased at an average cost of $21.47 per share, for a total transaction of $644,100.00.
On Monday, April 29th, Fund 1 Investments, Llc acquired 10,800 shares of Citi Trends stock. The stock was acquired at an average cost of $21.79 per share, with a total value of $235,332.00.
On Friday, April 26th, Fund 1 Investments, Llc purchased 11,300 shares of Citi Trends stock. The stock was acquired at an average cost of $22.20 per share, with a total value of $250,860.00.
On Wednesday, April 24th, Fund 1 Investments, Llc purchased 4,800 shares of Citi Trends stock. The stock was bought at an average cost of $22.07 per share, for a total transaction of $105,936.00.
On Monday, April 22nd, Fund 1 Investments, Llc bought 23,495 shares of Citi Trends stock. The stock was bought at an average cost of $21.74 per share, for a total transaction of $510,781.30.
On Friday, April 19th, Fund 1 Investments, Llc purchased 13,000 shares of Citi Trends stock. The shares were purchased at an average price of $22.15 per share, with a total value of $287,950.00.
On Wednesday, April 17th, Fund 1 Investments, Llc acquired 18,090 shares of Citi Trends stock. The stock was purchased at an average price of $22.41 per share, for a total transaction of $405,396.90.
On Monday, April 15th, Fund 1 Investments, Llc purchased 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 stock was acquired at an average price of $22.74 per share, for a total transaction of $386,580.00.

Citi Trends Trading Up 0.4 %

NASDAQ:CTRN opened at $23.03 on Friday. The company has a 50-day moving average of $25.94 and a 200-day moving average of $26.24. The firm has a market cap of $196.61 million, a price-to-earnings ratio of -15.67 and a beta of 2.43. Citi Trends, Inc. has a twelve month low of $14.20 and a twelve month high of $32.90.

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

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on CTRN

Institutional Investors Weigh In On Citi Trends

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Citi Trends during the first quarter valued at $139,000. Jump Financial LLC acquired a new position in shares of Citi Trends in the 4th quarter valued at about $223,000. Hsbc Holdings PLC purchased a new stake in shares of Citi Trends in the third quarter worth approximately $229,000. Ancora Advisors LLC acquired a new stake in shares of Citi Trends during the third quarter worth approximately $280,000. Finally, Empowered Funds LLC increased its stake in Citi Trends by 8.0% in the 1st quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock valued at $577,000 after buying an additional 1,575 shares during the period.

Citi Trends Company Profile

(Get Free Report)

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.