On July 12, 2024, , Interim Chief Executive Officer of Citi Trends Inc ( ), purchased 282,644 shares of the company, as reported in a recent . Following this transaction, the insider now owns a total of 319,562 shares of Citi Trends Inc. Citi Trends Inc operates as a value-priced retailer of urban fashion apparel and accessories for the entire family.
The company's merchandise offerings are designed to appeal to the preferences of fashion-conscious consumers who typically reside in urban areas. According to the data, over the past year, Kenneth Seipel has bought a total of 282,644 shares and has not sold any shares. This recent purchase aligns with a broader pattern of insider buying at the company.
Over the last year, there have been 33 insider buys and only 2 insider sells at Citi Trends Inc. Shares of Citi Trends Inc were priced at $19.03 on the day of the transaction.
The company currently holds a of $159.958 million. The stock is considered with a price-to- ratio of 0.
77, based on a GF Value of $24.63. The GF Value is calculated considering historical multiples such as , , , and , along with a GuruFocus adjustment factor and future business performance estimates from analysts.
This insider buying activity might be a signal to investors about the perceived value of the stock at current levels, considering the insider's increasing stake in the company. This article first appeared on ..