Insider Buying: Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Buys $138,420.00 in Stock

Citi Trends, Inc. (NASDAQ:CTRNGet Free Report) major shareholder Fund 1 Investments, Llc acquired 6,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were purchased at an average cost of $23.07 per share, with a total value of $138,420.00. Following the completion of the transaction, the insider now owns 2,052,513 shares in the company, valued at approximately $47,351,474.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

  • On Monday, May 20th, Fund 1 Investments, Llc acquired 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 Wednesday, May 15th, Fund 1 Investments, Llc purchased 15,785 shares of Citi Trends stock. The stock was bought at an average cost of $24.07 per share, with a total value of $379,944.95.
  • On Monday, May 13th, Fund 1 Investments, Llc purchased 5,481 shares of Citi Trends stock. The stock was bought at an average cost of $23.48 per share, with a total value of $128,693.88.
  • On Monday, May 6th, Fund 1 Investments, Llc purchased 6,330 shares of Citi Trends stock. The stock was bought at an average cost of $22.76 per share, with a total value of $144,070.80.
  • On Friday, May 3rd, Fund 1 Investments, Llc purchased 5,000 shares of Citi Trends stock. The stock was bought at an average cost of $22.07 per share, with a total value of $110,350.00.
  • On Wednesday, May 1st, Fund 1 Investments, Llc purchased 30,000 shares of Citi Trends stock. The stock was bought at an average cost of $21.47 per share, with a total value of $644,100.00.
  • On Monday, April 29th, Fund 1 Investments, Llc purchased 10,800 shares of Citi Trends stock. The stock was bought 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 purchased 11,300 shares of Citi Trends stock. The stock was bought at an average cost of $22.20 per share, with a total value of $250,860.00.
  • On Wednesday, April 24th, Fund 1 Investments, Llc purchased 4,800 shares of Citi Trends stock. The stock was bought 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 shares were acquired at an average price of $21.74 per share, with a total value of $510,781.30.

Citi Trends Trading Down 1.6 %

Shares of Citi Trends stock opened at $22.36 on Thursday. The company has a 50-day moving average of $24.47 and a two-hundred day moving average of $26.23. Citi Trends, Inc. has a 12-month low of $14.20 and a 12-month high of $32.90. The stock has a market cap of $190.89 million, a PE ratio of -15.21 and a beta of 2.43.

Citi Trends (NASDAQ:CTRNGet Free Report) last posted its earnings results on Tuesday, March 19th. The company reported $0.53 EPS for the quarter. Citi Trends had a negative return on equity of 6.74% and a negative net margin of 1.60%. The company had revenue of $215.18 million for the quarter.

Hedge Funds Weigh In On Citi Trends

Several hedge funds have recently added to or reduced their stakes in CTRN. Fund 1 Investments LLC increased its stake in shares of Citi Trends by 55.6% during the 4th quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company’s stock worth $37,594,000 after purchasing an additional 474,736 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in Citi Trends in the 3rd quarter valued at $2,254,000. Assenagon Asset Management S.A. purchased a new position in shares of Citi Trends during the 3rd quarter worth $1,617,000. Acadian Asset Management LLC purchased a new position in shares of Citi Trends during the 3rd quarter worth $1,089,000. Finally, Barclays PLC lifted its stake in shares of Citi Trends by 4,172.0% during the 3rd quarter. Barclays PLC now owns 41,481 shares of the company’s stock worth $921,000 after purchasing an additional 40,510 shares during the period.

Analyst Upgrades and Downgrades

CTRN has been the topic of several recent research reports. Craig Hallum restated a “hold” rating and issued a $27.00 price target (down previously from $28.00) on shares of Citi Trends in a research report on Tuesday, March 19th. Benchmark reiterated a “buy” rating and issued a $35.00 price objective on shares of Citi Trends in a research report on Wednesday, March 20th.

Get Our Latest Stock Analysis on Citi Trends

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.

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Insider Buying and Selling by Quarter for Citi Trends (NASDAQ:CTRN)

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