Wall Street brokerages predict that Christopher & Banks Co. (NYSE:CBK) will post ($0.27) earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Christopher & Banks’ earnings. Christopher & Banks posted earnings of ($0.46) per share in the same quarter last year, which indicates a positive year over year growth rate of 41.3%. The firm is expected to announce its next earnings report on Wednesday, March 21st.
On average, analysts expect that Christopher & Banks will report full year earnings of ($0.63) per share for the current fiscal year. For the next year, analysts anticipate that the company will report earnings of ($0.13) per share. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Christopher & Banks.
Christopher & Banks (NYSE:CBK) last issued its quarterly earnings data on Tuesday, November 28th. The specialty retailer reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The firm had revenue of $98.50 million for the quarter, compared to the consensus estimate of $102.57 million. Christopher & Banks had a negative net margin of 8.48% and a negative return on equity of 46.51%. Christopher & Banks’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.02 EPS.
Separately, Zacks Investment Research downgraded shares of Christopher & Banks from a “hold” rating to a “sell” rating in a research report on Wednesday, November 22nd.
Shares of Christopher & Banks (NYSE:CBK) opened at $1.31 on Wednesday. The firm has a market cap of $49.56, a PE ratio of -1.60 and a beta of 3.54. Christopher & Banks has a 52-week low of $1.04 and a 52-week high of $2.39.
Several hedge funds have recently added to or reduced their stakes in the business. AWM Investment Company Inc. acquired a new position in shares of Christopher & Banks in the 2nd quarter worth approximately $982,000. Cumberland Partners Ltd purchased a new position in shares of Christopher & Banks in the third quarter worth approximately $388,000. Wells Fargo & Company MN increased its position in shares of Christopher & Banks by 3.1% in the second quarter. Wells Fargo & Company MN now owns 1,863,460 shares of the specialty retailer’s stock worth $2,501,000 after acquiring an additional 55,546 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Christopher & Banks by 21.2% during 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 during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Christopher & Banks by 14.9% during the second quarter. JPMorgan Chase & Co. now owns 77,314 shares of the specialty retailer’s stock worth $101,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 39.11% of the company’s stock.
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About Christopher & Banks
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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