Christopher & Banks Corp. (CBK) Trading Down 3%
Christopher & Banks Corp. (NYSE:CBK) shares traded down 3% during trading on Monday . The stock traded as low as $2.29 and last traded at $2.29, with a volume of 134,661 shares traded. The stock had previously closed at $2.36.
Several research analysts have commented on the company. Zacks Investment Research raised Christopher & Banks Corp. from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a report on Wednesday, June 15th. TheStreet lowered Christopher & Banks Corp. from a “hold” rating to a “sell” rating in a research report on Monday, April 11th. Finally, Dougherty & Co raised Christopher & Banks Corp. from a “neutral” rating to a “buy” rating and set a $3.25 price objective for the company in a research report on Thursday, April 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $4.00.
The firm’s market capitalization is $84.92 million. The firm has a 50-day moving average of $2.18 and a 200-day moving average of $2.05.
Several large investors have recently made changes to their positions in CBK. Heartland Advisors Inc. increased its stake in shares of Christopher & Banks Corp. by 66.7% in the fourth quarter. Heartland Advisors Inc. now owns 1,000,000 shares of the company’s stock valued at $1,650,000 after buying an additional 400,000 shares during the period. Paradigm Capital Management Inc. NY purchased a new stake in shares of Christopher & Banks Corp. during the fourth quarter valued at $1,054,000. Finally, Russell Frank Co increased its stake in shares of Christopher & Banks Corp. by 1,350.8% in the fourth quarter. Russell Frank Co now owns 716,742 shares of the company’s stock valued at $1,118,000 after buying an additional 667,340 shares during the period.
Christopher & Banks Corporation is a retailer of women’s apparel and accessories. The Company operates retail stores through its wholly owned subsidiaries, Christopher & Banks, Inc and Christopher & Banks Company (collectively referred to as Christopher & Banks). It operates approximately 518 stores in 43 states, including 173 Christopher & Banks stores, 85 C.J.