Dougherty & Co Comments on Christopher & Banks’ Q1 2019 Earnings (CBK)

Christopher & Banks (NYSE:CBK) – Equities researchers at Dougherty & Co issued their Q1 2019 earnings per share (EPS) estimates for Christopher & Banks in a research report issued to clients and investors on Sunday, March 11th, Zacks Investment Research reports. Dougherty & Co analyst J. Hamblin forecasts that the specialty retailer will post earnings per share of ($0.08) for the quarter.

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Several other analysts have also recently commented on the company. Zacks Investment Research cut Christopher & Banks from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. ValuEngine cut Christopher & Banks from a “sell” rating to a “strong sell” rating in a research report on Saturday, March 10th.

CBK remained flat at $$1.11 during trading hours on Tuesday. The company had a trading volume of 69,176 shares, compared to its average volume of 130,753. Christopher & Banks has a 12-month low of $0.95 and a 12-month high of $1.55. The firm has a market cap of $41.24, a PE ratio of -1.91 and a beta of 3.27.

Christopher & Banks (NYSE:CBK) last posted its earnings results on Thursday, March 8th. The specialty retailer reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.04. Christopher & Banks had a negative return on equity of 35.95% and a negative net margin of 6.02%. The firm had revenue of $92.27 million for the quarter. During the same quarter in the prior year, the business earned ($0.46) earnings per share.

A number of institutional investors and hedge funds have recently bought and sold shares of CBK. Renaissance Technologies LLC increased its position in shares of Christopher & Banks by 3.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,695,100 shares of the specialty retailer’s stock valued at $3,423,000 after purchasing an additional 94,900 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Christopher & Banks by 8.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 85,073 shares of the specialty retailer’s stock valued at $111,000 after purchasing an additional 6,474 shares during the period. Finally, Northern Trust Corp increased its position in shares of Christopher & Banks by 1.5% during the 2nd quarter. Northern Trust Corp now owns 106,505 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 1,619 shares during the period. Hedge funds and other institutional investors own 38.86% of the company’s stock.

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Christopher & Banks Company Profile

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

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