Insider Buying: Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Purchases $374,003.00 in Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc purchased 16,100 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average price of $23.23 per share, for a total transaction of $374,003.00. Following the transaction, the insider now directly owns 2,068,613 shares in the company, valued at $48,053,879.99. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large 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, May 17th, Fund 1 Investments, Llc bought 6,000 shares of Citi Trends stock. The stock was bought 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 purchased 15,785 shares of Citi Trends stock. The shares were 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 acquired 5,481 shares of Citi Trends stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $22.76 per share, for a total transaction of $144,070.80.
• On Friday, May 3rd, Fund 1 Investments, Llc purchased 5,000 shares of Citi Trends stock. The shares were purchased 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 acquired 30,000 shares of Citi Trends stock. The stock was acquired at an average cost of $21.47 per share, for a total transaction of $644,100.00.
• On Monday, April 29th, Fund 1 Investments, Llc purchased 10,800 shares of Citi Trends stock. The stock was acquired 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 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 purchased at an average price of $22.07 per share, for a total transaction of $105,936.00.
• On Monday, April 22nd, Fund 1 Investments, Llc acquired 23,495 shares of Citi Trends stock. The shares were purchased at an average cost of $21.74 per share, with a total value of $510,781.30.

Citi Trends Trading Down 1.6 %

Citi Trends stock opened at $22.36 on Thursday. The stock has a market cap of $190.89 million, a PE ratio of -15.21 and a beta of 2.43. The stock has a 50-day moving average price of $24.47 and a 200 day moving average price of $26.23. Citi Trends, Inc. has a 52 week low of $14.20 and a 52 week high of $32.90.

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

Analyst Ratings Changes

Several research firms recently commented on CTRN. Craig Hallum reiterated a “hold” rating and issued a $27.00 price objective (down from $28.00) on shares of Citi Trends in a research report on Tuesday, March 19th. Benchmark reissued a “buy” rating and set a $35.00 price objective on shares of Citi Trends in a research note on Wednesday, March 20th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CTRN. SG Americas Securities LLC purchased a new position in Citi Trends during the first quarter worth about $139,000. Jump Financial LLC purchased a new position in shares of Citi Trends during the 4th quarter worth about $223,000. Hsbc Holdings PLC acquired a new stake in shares of Citi Trends in the third quarter worth approximately $229,000. Ancora Advisors LLC purchased a new stake in Citi Trends in the third quarter valued at approximately $280,000. Finally, Empowered Funds LLC increased its position in Citi Trends by 8.0% during the first quarter. Empowered Funds LLC now owns 21,257 shares of the company’s stock worth $577,000 after purchasing an additional 1,575 shares during the last quarter.

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.