Fund 1 Investments, Llc, a major shareholder in Citi Trends, Inc. (NASDAQ:CTRN – Get Free Report ), bought 32,192 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average price of $22.21 per share, for a total transaction value of $714,984.32. With this purchase, the insider now owns 2,102,805 shares of the company’s stock, valued at $46,703,299.05. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders who own more than 10% of a company’s stock are required to disclose the transaction to the SEC.
Fund 1 Investments, Llc has also recently completed the following transactions:
- On Monday, May 20th, Fund 1 Investments, Llc bought 16,100 shares of Citi Trends stock. The shares were acquired at an average price of $23.23 per share, for a total transaction of $374,003.00.
- On Friday, May 17th, Fund 1 Investments, Llc bought 6,000 shares of Citi Trends stock. The shares were acquired at an average price of $23.07 per share, for a total transaction of $138,420.00.
- On Wednesday, May 15th, Fund 1 Investments, Llc bought 15,785 shares of Citi Trends stock. The shares were acquired at an average price of $24.07 per share, for a total transaction of $379,944.95.
- On Monday, May 13th, Fund 1 Investments, Llc bought 5,481 shares of Citi Trends stock. The shares were purchased at an average price of $23.48 per share, for a total transaction of $128,693.88.
- On Monday, May 6th, Fund 1 Investments, Llc bought 6,330 shares of Citi Trends stock. The shares were purchased at an average price of $22.76 per share, for a total transaction of $144,070.80.
- On Friday, May 3rd, Fund 1 Investments, Llc bought 5,000 shares of Citi Trends stock. The shares were purchased at an average price of $22.07 per share, for a total transaction of $110,350.00.
- On Wednesday, May 1st, Fund 1 Investments, Llc bought 30,000 shares of Citi Trends stock. The shares were purchased at an average price of $21.47 per share, for a total transaction of $644,100.
- On Monday, April 29th, Fund 1 Investments, Llc bought 10,800 shares of Citi Trends stock. The shares were purchased at an average price of $21.79 per share, for a total transaction of $235,332.00.
- On Friday, April 26th, Fund 1 Investments, Llc bought 11,300 shares of Citi Trends stock. The shares were purchased 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 bought 4,800 shares of Citi Trends stock. The shares were purchased at an average price of $22.07 per share, for a total transaction of $105,936.00.
Citi Trends Stock Performance
CTRN opened trading at $23.32 on Friday. Citi Trends, Inc.’s low over the past year is $14.20 and its high over the past year is $32.90. The company has a market cap of $199.15 million, a P/E ratio of -15.86 and a beta of 2.43. The company’s 50-day simple moving average is $24.15 and its 200-day simple moving average is $26.19.
Citi Trends (NASDAQ:CTRN – Get free report ) released its quarterly earnings results on Tuesday, March 19th. The company reported quarterly earnings per share (EPS) at $0.53. The company had revenue of $215.18 million for the quarter. Citi Trends had a return on equity of -6.74% and a net margin of -1.60%.
What Wall Street analysts are saying
Several equities research analysts have commented on the company. Craig Hulme reaffirmed a “hold” rating and set a $27.00 price target (down from the previous $28.00) on shares of Citi Trends in a report on Tuesday, March 19th. Benchmark reaffirmed a “buy” rating and set a $35.00 price target on shares of Citi Trends in a report on Wednesday, March 20th.
Get the latest stock analysis on CTRN
Institutional investor inflows and outflows
A number of hedge funds have recently added to or reduced their holdings in the company. Acadian Asset Management LLC acquired a new stake in Citi Trends in the third quarter, valued at approximately $1,089,000. Citigroup Inc. increased its holdings of Citi Trends by 60,229.1% in the third quarter. Citigroup Inc. purchased an additional 33,126 shares during the period and now owns 33,181 shares, valued at $737,000. Assenagon Asset Management SA increased its holdings of Citi Trends by 89.5% in the first quarter. Assenagon Asset Management SA purchased an additional 56,087 shares during the period and now owns 118,772 shares, valued at $3,222,000. Hsbc Holdings PLC acquired a new position in shares of Citi Trends in the third quarter valued at about $229,000. Finally, First Eagle Investment Management LLC acquired a new position in shares of Citi Trends in the third quarter valued at about $2,254,000.
City Trends Company Profile
(Get your free report)
Citi Trends, Inc is a retailer of low-cost fashion apparel, accessories and home goods. Our apparel range includes fashion sportswear and footwear for men and women, children’s apparel for newborns, infants, toddlers, boys and girls, women’s pajamas, lingerie, scrubs, children’s uniforms and accessories.
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