Christopher & Banks Corporation (NYSE:CBK) announced its quarterly earnings data on Thursday, May 25th. The specialty retailer reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.05, RTT News reports. Christopher & Banks Corporation had a negative net margin of 5.76% and a negative return on equity of 26.89%. The company had revenue of $88.60 million during the quarter, compared to the consensus estimate of $86.90 million. The company’s revenue for the quarter was down 11.4% on a year-over-year basis.
Shares of Christopher & Banks Corporation (NYSE CBK) traded down 1.52% during mid-day trading on Friday, hitting $1.30. 233,524 shares of the company traded hands. The stock’s market capitalization is $48.91 million. The firm has a 50-day moving average of $1.23 and a 200-day moving average of $1.50. Christopher & Banks Corporation has a one year low of $1.04 and a one year high of $2.55.
A number of research analysts have recently commented on CBK shares. Zacks Investment Research raised shares of Christopher & Banks Corporation from a “sell” rating to a “hold” rating in a research report on Friday, February 17th. ValuEngine downgraded shares of Christopher & Banks Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 3rd.
In related news, insider Jonathan Duskin acquired 375,844 shares of the firm’s stock in a transaction that occurred on Wednesday, March 29th. The stock was acquired at an average price of $1.39 per share, for a total transaction of $522,423.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 842,144 shares of company stock valued at $1,156,081 in the last 90 days. 18.60% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in Christopher & Banks Corporation by 6.0% in the first quarter. Renaissance Technologies LLC now owns 2,442,300 shares of the specialty retailer’s stock worth $3,615,000 after buying an additional 139,100 shares during the period. Morgan Stanley increased its stake in Christopher & Banks Corporation by 8.9% in the first quarter. Morgan Stanley now owns 100,273 shares of the specialty retailer’s stock worth $148,000 after buying an additional 8,196 shares during the period. Dimensional Fund Advisors LP increased its stake in Christopher & Banks Corporation by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,023,324 shares of the specialty retailer’s stock worth $2,995,000 after buying an additional 19,091 shares during the period. Finally, California Public Employees Retirement System increased its stake in Christopher & Banks Corporation by 8.3% in the first quarter. California Public Employees Retirement System now owns 327,300 shares of the specialty retailer’s stock worth $484,000 after buying an additional 25,000 shares during the period. Institutional investors and hedge funds own 45.54% of the company’s stock.
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Christopher & Banks Corporation Company Profile
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.
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