Shares of Christopher & Banks Corporation (NYSE:CBK) traded up 9% during mid-day trading on Friday . The stock traded as high as $1.50 and last traded at $1.46. 557,841 shares were traded during trading, an increase of 204% from the average session volume of 183,441 shares. The stock had previously closed at $1.34.

Several analysts have issued reports on the company. Zacks Investment Research cut Christopher & Banks Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. ValuEngine raised Christopher & Banks Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th.

The stock’s 50 day moving average is $1.38 and its 200 day moving average is $1.31. The company’s market cap is $54.25 million.

Christopher & Banks Corporation (NYSE:CBK) last posted its quarterly earnings data on Tuesday, August 29th. The specialty retailer reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. Christopher & Banks Corporation had a negative return on equity of 34.64% and a negative net margin of 6.90%. The business had revenue of $86.60 million for the quarter, compared to analyst estimates of $87.18 million. During the same quarter in the prior year, the company earned ($0.11) earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. Equities analysts forecast that Christopher & Banks Corporation will post ($0.48) earnings per share for the current fiscal year.

In related news, Director Jonathan Duskin acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average price of $1.36 per share, with a total value of $40,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 42,500 shares of company stock worth $57,300 in the last ninety days. Corporate insiders own 18.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in shares of Christopher & Banks Corporation by 6.0% during the first quarter. Renaissance Technologies LLC now owns 2,442,300 shares of the specialty retailer’s stock worth $3,615,000 after purchasing an additional 139,100 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Christopher & Banks Corporation by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,023,324 shares of the specialty retailer’s stock worth $2,995,000 after purchasing an additional 19,091 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Christopher & Banks Corporation by 3.1% during the second quarter. Wells Fargo & Company MN now owns 1,863,460 shares of the specialty retailer’s stock worth $2,501,000 after purchasing an additional 55,546 shares in the last quarter. White Pine Capital LLC grew its stake in shares of Christopher & Banks Corporation by 29.2% during the second quarter. White Pine Capital LLC now owns 1,200,000 shares of the specialty retailer’s stock worth $1,572,000 after purchasing an additional 271,000 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Christopher & Banks Corporation by 555.2% during the first quarter. Boston Partners now owns 793,819 shares of the specialty retailer’s stock worth $1,175,000 after purchasing an additional 672,667 shares in the last quarter. Hedge funds and other institutional investors own 42.13% of the company’s stock.

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About Christopher & Banks Corporation

Christopher & Banks Corporation is a national specialty retailer featuring private-brand women’s apparel and accessories. The Company offers its customers an assortment of clothing for everyday needs. Its merchandise assortments include designs of women’s apparel, generally consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite and women sizes.

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