Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) major shareholder Fund 1 Investments, Llc acquired 21,000 shares of the firm's stock in a transaction on Monday, June 24th. The shares were bought at an average cost of $21.21 per share, for a total transaction of $445,410.00. Following the completion of the acquisition, the insider now directly owns 2,456,486 shares of the company's stock, valued at approximately $52,102,068.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% 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 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, with a total value of $1,112,280.00.
- On Friday, June 14th, Fund 1 Investments, Llc bought 49,000 shares of Citi Trends stock. The stock was purchased 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 purchased 6,000 shares of Citi Trends stock. The shares were purchased 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 acquired 46,500 shares of Citi Trends stock. The shares were purchased 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 bought 7,835 shares of Citi Trends stock. The stock was acquired 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 shares were acquired at an average cost of $22.21 per share, with a total value of $714,984.32.
- On Monday, May 20th, Fund 1 Investments, Llc bought 16,100 shares of Citi Trends stock. The shares were acquired at an average price 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, with a total value of $138,420.00.
- On Wednesday, May 15th, Fund 1 Investments, Llc acquired 15,785 shares of Citi Trends stock. The stock was bought at an average price 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.
Citi Trends Price Performance
Shares of Citi Trends stock traded up $0.01 on Tuesday, hitting $21.06. 135,536 shares of the company's stock traded hands, compared to its average volume of 90,572. Citi Trends, Inc. has a one year low of $16.19 and a one year high of $32.90. The stock has a market capitalization of $181.01 million, a PE ratio of -19.50 and a beta of 2.38. The firm's 50-day moving average price is $22.64 and its two-hundred day moving average price is $25.95.
Institutional Investors Weigh In On Citi Trends
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fund 1 Investments LLC increased its stake in shares of Citi Trends by 55.6% in the 4th quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company's stock valued at $37,594,000 after acquiring an additional 474,736 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Citi Trends in the third quarter worth $1,089,000. Citigroup Inc. raised its holdings in Citi Trends by 60,229.1% in the third 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 period. Assenagon Asset Management S.A. boosted 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 worth $3,222,000 after purchasing an additional 56,087 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Citi Trends in the 3rd quarter valued at $229,000.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Benchmark reissued a "buy" rating and issued a $35.00 target price on shares of Citi Trends in a research note on Wednesday, June 5th. Craig Hallum dropped their price objective on Citi Trends from $27.00 to $25.00 and set a "hold" rating for the company in a report on Wednesday, June 5th.
Read 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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