Christopher & Banks (CBK) Lowered to Sell at Zacks Investment Research

Christopher & Banks (NYSE:CBK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.

According to Zacks, “Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women’s clothing providing exclusive fashions under the Christopher & Banks and C.J. Banks labels. Currently, the Company operates 351 stores in 30 states, located primarily in the northern half of the United States. “

Separately, ValuEngine downgraded shares of Christopher & Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th.

Shares of NYSE CBK opened at $0.57 on Monday. The stock has a market capitalization of $20.07 million, a price-to-earnings ratio of -0.99 and a beta of 2.55. Christopher & Banks has a 1-year low of $0.31 and a 1-year high of $1.37.

Christopher & Banks (NYSE:CBK) last posted its quarterly earnings results on Tuesday, December 4th. The specialty retailer reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.13). The business had revenue of $91.29 million for the quarter. Christopher & Banks had a negative return on equity of 62.02% and a negative net margin of 8.51%. During the same period last year, the business posted ($0.05) earnings per share. On average, sell-side analysts anticipate that Christopher & Banks will post -0.85 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virginia National Bank bought a new stake in shares of Christopher & Banks during the third quarter worth approximately $726,000. Ancora Advisors LLC raised its stake in shares of Christopher & Banks by 40.3% during the third quarter. Ancora Advisors LLC now owns 411,203 shares of the specialty retailer’s stock worth $313,000 after buying an additional 118,139 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Christopher & Banks by 2.8% during the second quarter. Renaissance Technologies LLC now owns 2,716,100 shares of the specialty retailer’s stock worth $2,553,000 after buying an additional 74,000 shares during the last quarter. 34.86% of the stock is owned by institutional investors and hedge funds.

About Christopher & Banks

Christopher & Banks Corporation, through its subsidiaries, operates as a specialty retailer of private-brand women's apparel and accessories in the United States. The company designs and sells women's apparel and accessories to customers ranging in age from 40 and older. Its stores offer women's apparel consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite, and women sizes, as well as jewelry and accessories.

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