Christopher & Banks (NYSE:CBK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.
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. “
Separately, ValuEngine upgraded shares of Christopher & Banks from a “strong sell” rating to a “sell” rating in a research report on Monday, April 2nd.
NYSE:CBK opened at $1.05 on Friday. Christopher & Banks has a 52-week low of $0.95 and a 52-week high of $1.55.
Christopher & Banks (NYSE:CBK) last issued 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. The company had revenue of $92.27 million during the quarter. Christopher & Banks had a negative net margin of 6.02% and a negative return on equity of 35.95%. During the same quarter in the previous year, the firm posted ($0.46) EPS. research analysts predict that Christopher & Banks will post -0.21 earnings per share for the current year.
A hedge fund recently raised its stake in Christopher & Banks stock. Renaissance Technologies LLC raised its holdings in shares of Christopher & Banks (NYSE:CBK) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,695,100 shares of the specialty retailer’s stock after acquiring an additional 94,900 shares during the period. Renaissance Technologies LLC owned approximately 7.12% of Christopher & Banks worth $3,423,000 at the end of the most recent reporting period. Institutional investors own 38.50% of the company’s stock.
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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