Fund 1 Investments, Llc Purchases 1,000 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc purchased 1,000 shares of Citi Trends stock in a transaction dated Wednesday, June 26th. The shares were acquired at an average cost of $21.52 per share, for a total transaction of $21,520.00. Following the completion of the transaction, the insider now owns 2,481,486 shares of the company’s stock, valued at approximately $53,401,578.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major 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 Friday, June 28th, Fund 1 Investments, Llc acquired 54,000 shares of Citi Trends stock. The shares were bought at an average cost of $21.39 per share, for a total transaction of $1,155,060.00.
• On Monday, June 24th, Fund 1 Investments, Llc acquired 21,000 shares of Citi Trends stock. The shares were bought at an average cost of $21.21 per share, for a total transaction of $445,410.00.
• On Friday, June 21st, Fund 1 Investments, Llc acquired 52,000 shares of Citi Trends stock. The shares were bought at an average cost of $21.39 per share, for a total transaction of $1,112,280.00.
• On Friday, June 14th, Fund 1 Investments, Llc acquired 49,000 shares of Citi Trends stock. The shares were bought at an average cost of $21.58 per share, for a total transaction of $1,057,420.00.
• On Wednesday, June 12th, Fund 1 Investments, Llc acquired 6,000 shares of Citi Trends stock. The shares were bought at an average cost of $22.36 per share, for a total transaction of $134,160.00.
• On Friday, June 7th, Fund 1 Investments, Llc acquired 46,500 shares of Citi Trends stock. The shares were bought at an average cost of $22.59 per share, for a total transaction of $1,050,435.00.
• On Wednesday, June 5th, Fund 1 Investments, Llc acquired 7,835 shares of Citi Trends stock. The shares were bought at an average cost of $24.02 per share, for a total transaction of $188,196.70.
• On Wednesday, May 22nd, Fund 1 Investments, Llc purchased 32,192 shares of Citi Trends stock. The stock was acquired at an average cost of $22.21 per share, for a total transaction of $714,984.32.
• On Monday, May 20th, Fund 1 Investments, Llc purchased 16,100 shares of Citi Trends stock. The stock was acquired at an average cost of $23.23 per share, for a total transaction of $374,003.00.
• On Friday, May 17th, Fund 1 Investments, Llc purchased 6,000 shares of Citi Trends stock. The stock was acquired at an average cost of $23.07 per share, for a total transaction of $138,420.00.

Citi Trends Trading Down 2.2 %

Shares of Citi Trends stock traded down $0.47 during trading hours on Friday, reaching $21.26. The stock had a trading volume of 1,455,866 shares, compared to its average volume of 104,414. The stock’s 50 day moving average is $22.62 and its 200 day moving average is $25.89. The firm has a market capitalization of $182.84 million, a PE ratio of -19.69 and a beta of 2.38. Citi Trends, Inc. has a twelve month low of $16.19 and a twelve month high of $32.90.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of Citi Trends by 13.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 193,036 shares of the company’s stock worth $4,289,000 after purchasing an additional 22,311 shares during the last quarter. Citigroup Inc. raised its position in shares of Citi Trends by 60,229.1% during the 3rd 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 last quarter. Hsbc Holdings PLC acquired a new position in shares of Citi Trends during the 3rd quarter worth about $229,000. Acadian Asset Management LLC acquired a new position in shares of Citi Trends during the 3rd quarter worth about $1,089,000. Finally, Ancora Advisors LLC acquired a new position in shares of Citi Trends during the 3rd quarter worth about $280,000.

Wall Street Analyst Weigh In

CTRN has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $35.00 price target on shares of Citi Trends in a report on Wednesday, June 5th. Craig Hallum lowered their price target on shares of Citi Trends from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th.

Citi Trends Company Profile

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.