Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) major shareholder Fund 1 Investments, Llc bought 17,000 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average price of $22.74 per share, for a total transaction of $386,580.00. Following the completion of the acquisition, the insider now owns 1,763,646 shares of the company's stock, valued at approximately $40,105,310.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's shares 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 10th, Fund 1 Investments, Llc bought 20,282 shares of Citi Trends stock. The shares were purchased at an average price of $23.12 per share, for a total transaction of $468,919.84.
- On Monday, April 8th, Fund 1 Investments, Llc bought 6,000 shares of Citi Trends stock. The shares were purchased at an average price 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 stock was bought at an average price of $25.19 per share, for a total transaction of $125,950.00.
- On Tuesday, April 2nd, Fund 1 Investments, Llc acquired 2,000 shares of Citi Trends stock. The stock was bought at an average price of $26.92 per share, for a total transaction of $53,840.00.
- On Thursday, March 28th, Fund 1 Investments, Llc acquired 16,000 shares of Citi Trends stock. The stock was bought at an average price of $27.12 per share, for a total transaction of $433,920.00.
- On Wednesday, March 20th, Fund 1 Investments, Llc acquired 14,500 shares of Citi Trends stock. The stock was bought at an average price of $28.69 per share, for a total transaction of $416,005.00.
- On Monday, March 18th, Fund 1 Investments, Llc acquired 11,000 shares of Citi Trends stock. The stock was bought at an average price of $29.50 per share, for a total transaction of $324,500.00.
- On Monday, March 11th, Fund 1 Investments, Llc acquired 15,000 shares of Citi Trends stock. The stock was bought at an average price of $30.33 per share, for a total transaction of $454,950.00.
- On Monday, March 4th, Fund 1 Investments, Llc acquired 31,634 shares of Citi Trends stock. The stock was bought at an average price of $31.21 per share, for a total transaction of $987,297.14.
- On Thursday, February 29th, Fund 1 Investments, Llc acquired 70,804 shares of Citi Trends stock. The stock was bought at an average price of $30.51 per share, for a total transaction of $2,160,230.04.
Citi Trends Stock Performance
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CTRN stock opened at $22.94 on Friday. The company's 50-day simple moving average is $28.48 and its 200 day simple moving average is $26.31. Citi Trends, Inc. has a 52 week low of $14.20 and a 52 week high of $32.90.
Citi Trends (NASDAQ:CTRN - Get Free Report) last released its quarterly earnings results on Tuesday, March 19th. The company reported $0.53 EPS for the quarter. Citi Trends had a negative net margin of 1.60% and a negative return on equity of 6.76%. The business had revenue of $215.18 million for the quarter.
Institutional Investors Weigh In On Citi Trends
Institutional investors and hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Citi Trends during the fourth quarter worth about $53,000. Barclays PLC lifted its position in Citi Trends by 303.7% during the fourth quarter. Barclays PLC now owns 2,176 shares of the company's stock worth $58,000 after purchasing an additional 1,637 shares during the period. BNP Paribas Arbitrage SNC lifted its position in Citi Trends by 97.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 3,883 shares of the company's stock worth $60,000 after purchasing an additional 1,921 shares during the period. Tower Research Capital LLC TRC lifted its position in Citi Trends by 707.1% during the third quarter. Tower Research Capital LLC TRC now owns 4,084 shares of the company's stock worth $63,000 after purchasing an additional 3,578 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in Citi Trends by 82.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,536 shares of the company's stock worth $67,000 after purchasing an additional 1,144 shares during the period.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on CTRN shares. Craig Hallum restated a "hold" rating and issued a $27.00 price target (down from $28.00) on shares of Citi Trends in a research note on Tuesday, March 19th. Benchmark restated a "buy" rating and issued a $35.00 price target on shares of Citi Trends in a research note on Wednesday, March 20th.
Check Out Our Latest Report on CTRN
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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