Jason Mazzola (Insider Trades), CEO and president of Citi Trends Inc. (CTRN, Financial), bought 5,000 shares of the company on March 31. The average price per share was $18.02 for a total transaction cost of $90,100. Citi Trends, a retailer of urban fashion apparel and accessories for the whole family, has a market cap of $283.65 million and a P/S ratio of 0.41.
There were no insider buys of the company from 2014 to 2015. There were, however, three insider sells totaling 15,316 shares, and two insider sells totaling 6,247 shares. Aside from the aforementioned transaction, Mazzola purchased 5,000 shares of the company at an average per share price of $10.20 in March 2013. The value increased by about 80% since the transaction. Citi Trends Director, John Lupo (Insider Trades), sold 2,271 shares of the company in two transactions on March 22 and 24. Senior Vice President of Store Operations, James Dunn (Insider Trades), also decreased his stake in the company, selling 5,000 shares at an average per share price of $26.20 on March 23. The absence of insider buys from 2014 to 2015 corresponds to an increase in month end price. 
For more information about insider trades with CTRN, click here.
The company reported net income of $3.472 million, or 24 cents per share for the 13 weeks ended Jan. 30. Net income decreased from $4.673 million, or 31 cents per share reported by the company in the corresponding period of 2015. Net sales also decreased from $181.143 million to $176.063 million, when comparing the same quarters of 2015 and 2016. The board of directors also declared a quarterly dividend of 6 cents per share, payable March 15 to stockholders of record as of March 1. The company opened 13 new stores, relocated or expanded 13 other locations and closed three stores in fiscal 2015 ended Jan. 30. CTRN annual net revenue increased 1.46% since 2011, while annual net income follows a decreasing trend line. 
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According to GuruFocus.com information, Citi Trends Inc. has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Chuck Royce (Trades, Portfolio) increased his stake in the company by 53.48%, purchasing 74,800 shares of the company at an average per share price of $23.10. The total estimated gain of the holding since the third quarter of 2011 is 38%. On the other hand, Paul Tudor Jones (Trades, Portfolio) and Jim Simons (Trades, Portfolio) both reduced their stakes in Citi Trends. Jones sold all of his 15,512 shares, and Simons sold 47.24% of his holding. The total estimated loss of each holding is 7% and 3%, respectively. For more information about guru transactions with CTRN, click here.
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