Fund 1 Investments, Llc Acquires 4,800 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) major shareholder Fund 1 Investments, Llc purchased 4,800 shares of the company's stock in a transaction on Wednesday, April 24th. The shares were purchased at an average cost of $22.07 per share, with a total value of $105,936.00. Following the purchase, the insider now owns 1,869,167 shares of the company's stock, valued at $41,252,515.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more 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 26th, Fund 1 Investments, Llc acquired 11,300 shares of Citi Trends stock. The stock was bought at an average price of $22.20 per share, for a total transaction of $250,860.00.
• On Monday, April 22nd, Fund 1 Investments, Llc acquired 23,495 shares of Citi Trends stock. The stock was bought at an average price of $21.74 per share, for a total transaction of $510,781.30.
• On Friday, April 19th, Fund 1 Investments, Llc acquired 13,000 shares of Citi Trends stock. The stock was bought at an average price 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 price of $22.41 per share, for a total transaction of $405,396.90.
• On Monday, April 15th, Fund 1 Investments, Llc acquired 5,136 shares of Citi Trends stock. The stock was bought at an average price 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 stock was bought 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 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 bought at an average price 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 acquired 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 purchased 2,000 shares of Citi Trends stock. The shares were acquired at an average price of $26.92 per share, for a total transaction of $53,840.00.

Citi Trends Trading Up 3.4 %

Citi Trends stock traded up $0.74 during trading hours on Friday, hitting $22.52. 78,244 shares of the stock traded hands, compared to its average volume of 76,447. The firm's 50-day moving average price is $27.27 and its two-hundred day moving average price is $26.34. The company has a market cap of $192.32 million, a PE ratio of -14.96 and a beta of 2.37. Citi Trends, Inc. has a one year low of $14.20 and a one year high of $32.90.

Citi Trends (NASDAQ:CTRN - Get Free Report) last posted its quarterly earnings data on Tuesday, March 19th. The company reported $0.53 earnings per share for the quarter. The business 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%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Citi Trends

A number of hedge funds have recently made changes to their positions in CTRN. Jennison Associates LLC boosted its position in shares of Citi Trends by 47.5% in the 3rd quarter. Jennison Associates LLC now owns 376,278 shares of the company's stock worth $8,361,000 after purchasing an additional 121,134 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Citi Trends in the 3rd quarter worth approximately $1,617,000. Barclays PLC boosted its position in shares of Citi Trends by 4,172.0% in the 3rd quarter. Barclays PLC now owns 41,481 shares of the company's stock worth $921,000 after purchasing an additional 40,510 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Citi Trends in the 3rd quarter worth approximately $2,254,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Citi Trends by 13.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 193,036 shares of the company's stock worth $4,289,000 after purchasing an additional 22,311 shares in 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.