Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Acquires 11,300 Shares

Posted by Ethan Ryder on Apr 27th, 2024

Citi Trends, Inc. (NASDAQ:CTRN – Get Free Report) major shareholder Fund 1 Investments, Llc bought 11,300 shares of Citi Trends stock in a transaction dated Friday, April 26th. The shares were bought at an average cost of $22.20 per share, for a total transaction of $250,860.00. Following the completion of the acquisition, the insider now owns 1,889,467 shares in the company, valued at approximately $41,946,167.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 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 Wednesday, April 24th, Fund 1 Investments, Llc acquired 4,800 shares of Citi Trends stock. The shares were purchased at an average cost 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 purchased 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 purchased 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 cost of $22.41 per share, for a total transaction of $405,396.90.
On Monday, April 15th, Fund 1 Investments, Llc bought 5,136 shares of Citi Trends stock. The shares were acquired at an average price of $22.41 per share, with a total value of $115,097.76.
On Friday, April 12th, Fund 1 Investments, Llc purchased 17,000 shares of Citi Trends stock. The shares were acquired at an average cost of $22.74 per share, with a total value of $386,580.00.
On Wednesday, April 10th, Fund 1 Investments, Llc acquired 20,282 shares of Citi Trends stock. The stock was 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 purchased 6,000 shares of Citi Trends stock. The shares were bought 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 acquired 5,000 shares of Citi Trends stock. The shares were bought 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 bought 2,000 shares of Citi Trends stock. The shares were bought at an average cost of $26.92 per share, for a total transaction of $53,840.00.

Citi Trends Trading Up 3.4 %

Shares of CTRN opened at $22.52 on Friday. The stock’s 50-day moving average price is $27.27 and its two-hundred day moving average price is $26.34. Citi Trends, Inc. has a 12 month low of $14.20 and a 12 month high of $32.90. The company has a market capitalization of $192.32 million, a PE ratio of -14.96 and a beta of 2.37.

Citi Trends (NASDAQ:CTRN – Get Free Report) last posted its quarterly earnings data on Tuesday, March 19th. The company reported $0.53 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%.

Analyst Ratings Changes

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 report on Wednesday, March 20th. Craig Hallum reaffirmed a “hold” rating and issued a $27.00 price objective (down previously from $28.00) on shares of Citi Trends in a research note on Tuesday, March 19th.

Get Our Latest Analysis on Citi Trends

Hedge Funds Weigh In On Citi Trends

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in shares of Citi Trends in the 3rd quarter worth about $1,089,000. Citigroup Inc. grew its holdings in Citi Trends by 60,229.1% in the third quarter. Citigroup Inc. now owns 33,181 shares of the company’s stock worth $737,000 after purchasing an additional 33,126 shares during the period. Jennison Associates LLC grew its holdings in Citi Trends by 47.5% in the third 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 during the period. Assenagon Asset Management S.A. bought a new stake in Citi Trends in the third quarter valued at $1,617,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Citi Trends during the third quarter valued at about $229,000.

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.