Q3 2018 EPS Estimates for Christopher & Banks Corporation Reduced by Analyst (CBK)

Christopher & Banks Corporation (NYSE:CBK) – Research analysts at Dougherty & Co lowered their Q3 2018 EPS estimates for shares of Christopher & Banks Corporation in a report released on Monday. Dougherty & Co analyst J. Hamblin now expects that the specialty retailer will post earnings of ($0.08) per share for the quarter, down from their prior forecast of $0.02. Dougherty & Co also issued estimates for Christopher & Banks Corporation’s FY2018 earnings at ($0.61) EPS and FY2019 earnings at ($0.07) EPS.

Christopher & Banks Corporation (NYSE:CBK) last announced its earnings results on Tuesday, August 29th. The specialty retailer reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $86.60 million during the quarter, compared to the consensus estimate of $87.18 million. Christopher & Banks Corporation had a negative return on equity of 34.64% and a negative net margin of 6.90%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) earnings per share. ILLEGAL ACTIVITY WARNING: This piece was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.chaffeybreeze.com/2017/11/24/q3-2018-eps-estimates-for-christopher-banks-corporation-reduced-by-analyst-cbk.html.

A number of other equities analysts also recently commented on the company. Zacks Investment Research upgraded Christopher & Banks Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. ValuEngine upgraded Christopher & Banks Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th.

Shares of Christopher & Banks Corporation (NYSE CBK) traded down $0.01 during trading on Wednesday, hitting $1.21. The company had a trading volume of 126,000 shares, compared to its average volume of 264,308. Christopher & Banks Corporation has a one year low of $1.04 and a one year high of $2.42.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cumberland Partners Ltd bought a new position in Christopher & Banks Corporation in the third quarter worth $388,000. AWM Investment Company Inc. bought a new position in Christopher & Banks Corporation in the second quarter worth $982,000. Tower Research Capital LLC TRC raised its holdings in Christopher & Banks Corporation by 21.2% in the second quarter. Tower Research Capital LLC TRC now owns 78,888 shares of the specialty retailer’s stock worth $103,000 after purchasing an additional 13,797 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Christopher & Banks Corporation by 8.2% in the second quarter. Goldman Sachs Group Inc. now owns 85,073 shares of the specialty retailer’s stock worth $111,000 after purchasing an additional 6,474 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Christopher & Banks Corporation by 1.5% in the second quarter. Northern Trust Corp now owns 106,505 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 1,619 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

About Christopher & Banks Corporation

Christopher & Banks Corporation is a national specialty retailer featuring private-brand women’s apparel and accessories. The Company offers its customers an assortment of clothing for everyday needs. Its merchandise assortments include designs of women’s apparel, generally consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite and women sizes.

Earnings History and Estimates for Christopher & Banks Corporation (NYSE:CBK)

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