Christopher & Banks (NYSE:CBK) – Research analysts at Dougherty & Co lowered their FY2019 earnings per share (EPS) estimates for shares of Christopher & Banks in a note issued to investors on Sunday, March 11th, Zacks Investment Research reports. Dougherty & Co analyst J. Hamblin now expects that the specialty retailer will earn ($0.21) per share for the year, down from their previous forecast of ($0.13).
Christopher & Banks (NYSE:CBK) last announced its quarterly earnings results on Thursday, March 8th. The specialty retailer reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.04. Christopher & Banks had a negative net margin of 6.02% and a negative return on equity of 35.95%. The business had revenue of $92.27 million for the quarter. During the same period in the previous year, the business posted ($0.46) EPS.
Several other brokerages have also recently weighed in on CBK. Zacks Investment Research raised shares of Christopher & Banks from a “strong sell” rating to a “hold” rating in a research report on Friday, February 2nd. ValuEngine lowered shares of Christopher & Banks from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 10th.
Shares of NYSE CBK opened at $1.11 on Wednesday. Christopher & Banks has a fifty-two week low of $0.95 and a fifty-two week high of $1.55. The stock has a market capitalization of $42.00, a P/E ratio of -1.91 and a beta of 3.27.
A number of large investors have recently bought and sold shares of CBK. Goldman Sachs Group Inc. increased its stake in Christopher & Banks by 8.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 85,073 shares of the specialty retailer’s stock valued at $111,000 after buying an additional 6,474 shares during the last quarter. Northern Trust Corp increased its stake in Christopher & Banks by 1.5% in the 2nd quarter. Northern Trust Corp now owns 106,505 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 1,619 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Christopher & Banks by 3.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,695,100 shares of the specialty retailer’s stock valued at $3,423,000 after buying an additional 94,900 shares during the last quarter. Hedge funds and other 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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