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

Zacks Investment Research downgraded shares of Christopher & Banks (NYSE:CBK) from a hold rating to a sell rating in a report published on Wednesday, March 14th.

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. “

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Separately, ValuEngine cut Christopher & Banks from a sell rating to a strong sell rating in a research note on Saturday, March 10th.

Shares of Christopher & Banks stock remained flat at $$1.11 during trading on Wednesday. The stock had a trading volume of 69,176 shares, compared to its average volume of 168,506. 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 $42.00, a PE ratio of -1.91 and a beta of 3.27.

Christopher & Banks (NYSE:CBK) last issued its earnings results on Thursday, March 8th. The specialty retailer reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $92.27 million during the quarter. During the same period in the previous year, the company earned ($0.46) EPS. equities analysts anticipate that Christopher & Banks will post -0.21 EPS for the current year.

Several institutional investors have recently made changes to their positions in CBK. Northern Trust Corp boosted 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 in the last quarter. Goldman Sachs Group Inc. boosted 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 in the last quarter. Finally, Renaissance Technologies LLC boosted 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 in the last quarter. Institutional investors own 38.86% of the company’s stock.

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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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