Fund 1 Investments, Llc Purchases 5,481 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) major shareholder Fund 1 Investments, Llc acquired 5,481 shares of the business's stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average price of $23.48 per share, with a total value of $128,693.88. Following the completion of the acquisition, the insider now owns 2,007,378 shares of the company's stock, valued at approximately $47,133,235.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Wednesday, May 15th, Fund 1 Investments, Llc bought 15,785 shares of Citi Trends stock. The stock was purchased at an average cost of $24.07 per share, for a total transaction of $379,944.95.
• On Monday, May 6th, Fund 1 Investments, Llc purchased 6,330 shares of Citi Trends stock. The shares were purchased at an average price of $22.76 per share, with a total value of $144,070.80.
• On Friday, May 3rd, Fund 1 Investments, Llc acquired 5,000 shares of Citi Trends stock. The shares were acquired at an average cost of $22.07 per share, for a total transaction of $110,350.00.
• On Wednesday, May 1st, Fund 1 Investments, Llc purchased 30,000 shares of Citi Trends stock. The shares were acquired at an average price 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 bought 11,300 shares of Citi Trends stock. The shares were bought at an average price of $22.20 per share, for a total transaction of $250,860.00.
• On Wednesday, April 24th, Fund 1 Investments, Llc purchased 4,800 shares of Citi Trends stock. The shares were bought at an average price of $22.07 per share, with a total value 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 price of $21.74 per share, with a total value of $510,781.30.
• On Friday, April 19th, Fund 1 Investments, Llc purchased 13,000 shares of Citi Trends stock. The shares were 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 purchased at an average price of $22.41 per share, with a total value of $405,396.90.

Citi Trends Price Performance

CTRN stock traded up $0.09 on Wednesday, reaching $24.33. 107,868 shares of the company were exchanged, compared to its average volume of 76,759. Citi Trends, Inc. has a 12 month low of $14.20 and a 12 month high of $32.90. The stock's fifty day moving average price is $25.45 and its 200 day moving average price is $26.29. The firm has a market capitalization of $207.78 million, a PE ratio of -16.55 and a beta of 2.43.

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 (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.

Analyst Upgrades and Downgrades

A number of research firms 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 note on Wednesday, March 20th. Craig Hallum reaffirmed a "hold" rating and issued a $27.00 price target (down from $28.00) on shares of Citi Trends in a research report on Tuesday, March 19th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CTRN. Fund 1 Investments LLC boosted its stake in Citi Trends by 55.6% in the 4th quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company's stock valued at $37,594,000 after buying an additional 474,736 shares in the last quarter. Jennison Associates LLC grew its holdings 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 worth $11,765,000 after purchasing an additional 39,751 shares during the last quarter. AWM Investment Company Inc. increased its position in shares of Citi Trends by 3.4% during 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. lifted 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 valued at $5,594,000 after purchasing an additional 4,779 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Citi Trends by 89.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 118,772 shares of the company's stock valued at $3,222,000 after purchasing an additional 56,087 shares during the last quarter.

Citi Trends Company Profile

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.

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