Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Purchases 54,000 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc acquired 54,000 shares of Citi Trends stock in a transaction that occurred on Friday, June 28th. The shares were purchased at an average price of $21.39 per share, for a total transaction of $1,155,060.00. Following the completion of the purchase, the insider now directly owns 2,541,986 shares of the company’s stock, valued at $54,373,080.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% 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 Wednesday, June 26th, Fund 1 Investments, Llc acquired 1,000 shares of Citi Trends stock. The stock was acquired at an average cost of $21.52 per share, with a total value of $21,520.00.
• On Monday, June 24th, Fund 1 Investments, Llc acquired 21,000 shares of Citi Trends stock. The stock was acquired at an average cost of $21.21 per share, with a total value of $445,410.00.
• On Friday, June 21st, Fund 1 Investments, Llc acquired 52,000 shares of Citi Trends stock. The stock was acquired at an average cost of $21.39 per share, with a total value of $1,112,280.00.
• On Friday, June 14th, Fund 1 Investments, Llc acquired 49,000 shares of Citi Trends stock. The stock was acquired at an average cost of $21.58 per share, with a total value of $1,057,420.00.
• On Wednesday, June 12th, Fund 1 Investments, Llc acquired 6,000 shares of Citi Trends stock. The stock was acquired at an average cost of $22.36 per share, with a total value of $134,160.00.
• On Friday, June 7th, Fund 1 Investments, Llc purchased 46,500 shares of Citi Trends stock. The shares were purchased at an average cost of $22.59 per share, with a total value of $1,050,435.00.
• On Wednesday, June 5th, Fund 1 Investments, Llc purchased 7,835 shares of Citi Trends stock. The shares were purchased at an average cost of $24.02 per share, with a total value of $188,196.70.
• On Wednesday, May 22nd, Fund 1 Investments, Llc purchased 32,192 shares of Citi Trends stock. The shares were purchased at an average cost of $22.21 per share, with a total value of $714,984.32.
• On Monday, May 20th, Fund 1 Investments, Llc purchased 16,100 shares of Citi Trends stock. The shares were purchased at an average cost of $23.23 per share, with a total value of $374,003.00.
• On Friday, May 17th, Fund 1 Investments, Llc acquired 6,000 shares of Citi Trends stock. The stock was bought at an average cost of $23.07 per share, with a total value of $138,420.00.

Citi Trends Trading Down 2.2 %

Shares of Citi Trends stock opened at $21.26 on Friday. The company’s 50-day moving average price is $22.60 and its two-hundred day moving average price is $25.87. Citi Trends, Inc. has a 52 week low of $16.19 and a 52 week high of $32.90. The stock has a market cap of $182.84 million, a PE ratio of -19.69 and a beta of 2.38.

Citi Trends (NASDAQ:CTRN) last issued its quarterly earnings results on Tuesday, June 4th. The company reported ($0.32) EPS for the quarter. Citi Trends had a negative return on equity of 4.99% and a negative net margin of 1.16%. The business had revenue of $186.29 million during the quarter.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CTRN. Benchmark reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Citi Trends in a report on Wednesday, June 5th. Craig Hallum reduced their price objective on shares of Citi Trends from $27.00 to $25.00 and set a “hold” rating for the company in a report on Wednesday, June 5th.

Institutional Investors Weigh In On Citi Trends

Several hedge funds and other institutional investors have recently bought and sold shares of CTRN. SG Americas Securities LLC bought a new stake in Citi Trends in the first quarter worth about $139,000. Jump Financial LLC bought a new stake in Citi Trends in the fourth quarter worth about $223,000. Hsbc Holdings PLC acquired a new stake in Citi Trends during the 3rd quarter worth about $229,000. Ancora Advisors LLC acquired a new stake in Citi Trends during the 3rd quarter worth about $280,000. Finally, Empowered Funds LLC raised its holdings in Citi Trends by 8.0% during the 1st quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock worth $577,000 after buying an additional 1,575 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.