0000929638-23-003306.txt : 20231129 0000929638-23-003306.hdr.sgml : 20231129 20231129171637 ACCESSION NUMBER: 0000929638-23-003306 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20231129 DATE AS OF CHANGE: 20231129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Citi Trends Inc CENTRAL INDEX KEY: 0001318484 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-APPAREL & ACCESSORY STORES [5600] IRS NUMBER: 522150697 STATE OF INCORPORATION: DE FISCAL YEAR END: 0203 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81455 FILM NUMBER: 231453319 BUSINESS ADDRESS: STREET 1: 104 COLEMAN BOULEVARD CITY: SAVANNAH STATE: GA ZIP: 31408 BUSINESS PHONE: 912-236-1561 MAIL ADDRESS: STREET 1: 104 COLEMAN BOULEVARD CITY: SAVANNAH STATE: GA ZIP: 31408 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Fund 1 Investments, LLC CENTRAL INDEX KEY: 0001959730 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 100 CARR 115 STREET 2: UNIT 1900 CITY: RINCON STATE: PR ZIP: 00677 BUSINESS PHONE: 804-363-4458 MAIL ADDRESS: STREET 1: 100 CARR 115 STREET 2: UNIT 1900 CITY: RINCON STATE: PR ZIP: 00677 SC 13D/A 1 fund1_sc13d.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

                                              Citi Trends, Inc.                                               
(Name of Issuer)

                         Common Stock                         
(Title of Class of Securities)

                                     17306X102                                     
(CUSIP Number)

                         November 28, 2023                        
(Date of Event which Requires Filing of this Statement)

 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [  ]
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
 
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
1
Names of Reporting Persons.
 
Fund 1 Investments, LLC
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)            [ ]
 
(b)            [ ]
3
SEC Use Only
4
Source of Funds (See Instructions):
AF
5
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e): [ ]
 
6
Citizenship or Place of Organization.
Delaware
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
7            Sole Voting Power
 
0
 
8            Shared Voting Power
 
1,244,368 shares
 
Refer to Item 4 below.
 
9  Sole Dispositive Power
 
0
 
10            Shared Dispositive Power
 
1,244,368 shares
 
Refer to Item 4 below.
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,244,368 shares
 
Refer to Item 4 below.
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [ ]
 
13
Percent of Class Represented by Amount in Row (11)
 
14.53%
 
Refer to Item 4 below.
14
Type of Reporting Person (See Instructions)
 
OO (Limited Liability Company), HC (Parent Holding Company)

AMENDMENT NO. 1 TO SCHEDULE 13D


This Amendment No. 1 to Schedule 13D (this "Amendment") relates to shares of Common Stock (the “Common Stock”) of Citi Trends, Inc., a Delaware corporation (the “Issuer” or the “Company”).  The address of the principal executive offices of the Issuer is 104 Coleman Boulevard, Savannah, Georgia 31408. This Amendment is being filed by the Reporting Person to amend the Schedule D that was filed on September 28, 2023 (as amended, the "Schedule 13D"). Unless otherwise indicated, all capitalized terms used but not defined herein shall have the same meaning as in the Schedule 13D.

This amendment is being filed to amend and supplement Items 5(a) through 5(c) of the Schedule 13D.


Item 5.     Interest in Securities of the Issuer

(a) and (b)  See Items 7-13 of the cover pages.

The percentage calculations herein are based upon the statement in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended July 29, 2023, as filed with the Securities and Exchange Commission on September 6, 2023, that there were 8,564,057 shares of Common Stock of the Issuer outstanding as of August 23, 2023.

(c)  The following table lists transactions in the Common Stock that were effected during the sixty day period prior to the filing of this Schedule 13D and have not already been reported in the Schedule D:

Transaction
Date
No. Shares
Price Per Share
Open market purchase
11/27/2023
3,500
$26.2388
Open market purchase
11/28/2023
1,000
$22.7101
Open market purchase
11/28/2023
1,000
$22.8910
Open market purchase
11/28/2023
125,000
$22.8220
Open market purchase
11/28/2023
103,900
$22.8010
Open market purchase
11/29/2023
25,000
$23.4452
Open market purchase
11/29/2023
2,500
$23.7901
Open market purchase
11/29/2023
4,500
$23.5922
Open market purchase
11/29/2023
 4,200
$23.6541

SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date:
November 29, 2023
 
FUND 1 INVESTMENTS, LLC

By: /s/ Benjamin C. Cable                     
Benjamin C. Cable
Chief Operating Officer