Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Fund 1 Investments, Llc Purchases 15,000 Shares

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was purchased at an average price of $20.38 per share, for a total transaction of $305,700.00. Following the purchase, the insider now owns 2,556,986 shares in the company, valued at $52,111,374.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 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, July 3rd, Fund 1 Investments, Llc bought 4,000 shares of Citi Trends stock. The shares were bought at an average price of $19.27 per share, for a total transaction of $77,080.00.
• On Friday, June 28th, Fund 1 Investments, Llc bought 54,000 shares of Citi Trends stock. The shares were bought at an average price of $21.39 per share, for a total transaction of $1,155,060.00.
• On Wednesday, June 26th, Fund 1 Investments, Llc bought 1,000 shares of Citi Trends stock. The shares were bought at an average price of $21.52 per share, for a total transaction of $21,520.00.
• On Monday, June 24th, Fund 1 Investments, Llc bought 21,000 shares of Citi Trends stock. The shares were bought at an average price of $21.21 per share, for a total transaction of $445,410.00.
• On Friday, June 21st, Fund 1 Investments, Llc bought 52,000 shares of Citi Trends stock. The shares were bought at an average price of $21.39 per share, for a total transaction of $1,112,280.00.
• On Friday, June 14th, Fund 1 Investments, Llc bought 49,000 shares of Citi Trends stock. The shares were bought at an average price of $21.58 per share, for a total transaction of $1,057,420.00.
• On Wednesday, June 12th, Fund 1 Investments, Llc purchased 6,000 shares of Citi Trends stock. The shares were 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 acquired 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 acquired 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 acquired at an average cost of $22.21 per share, with a total value of $714,984.32.

Citi Trends Trading Down 0.6 %

Citi Trends stock traded down $0.11 during midday trading on Wednesday, hitting $19.27. The stock had a trading volume of 41,490 shares, compared to its average volume of 106,585. The firm’s fifty day moving average is $22.49 and its two-hundred day moving average is $25.82. Citi Trends, Inc. has a 52-week low of $16.19 and a 52-week high of $32.90.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $35.00 price target on shares of Citi Trends in a research report on Wednesday, June 5th. Craig Hallum reduced their target price 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

Institutional investors and hedge funds have recently modified their holdings of the stock. Fund 1 Investments LLC raised its position in shares of Citi Trends by 55.6% during the fourth 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 during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Citi Trends by 89.5% during the first quarter. Assenagon Asset Management S.A. now owns 118,772 shares of the company’s stock valued at $3,222,000 after buying an additional 56,087 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Citi Trends during the third quarter valued at approximately $229,000. Citigroup Inc. raised its position in shares of Citi Trends by 60,229.1% during the third quarter. Citigroup Inc. now owns 33,181 shares of the company’s stock valued at $737,000 after buying an additional 33,126 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Citi Trends by 10.6% during the fourth quarter. Jennison Associates LLC now owns 416,029 shares of the company’s stock valued at $11,765,000 after buying an additional 39,751 shares during 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.