Christopher & Banks (NYSE:CBK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

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 Christopher & Banks from a “hold” rating to a “buy” rating in a report on Wednesday, June 6th.

Shares of CBK stock traded down $0.02 on Wednesday, reaching $0.80. 211,900 shares of the company’s stock traded hands, compared to its average volume of 124,898. Christopher & Banks has a 12-month low of $0.75 and a 12-month high of $1.54. The company has a market capitalization of $30.74 million, a price-to-earnings ratio of -1.38 and a beta of 3.19.

Christopher & Banks (NYSE:CBK) last issued its quarterly earnings results on Wednesday, September 5th. The specialty retailer reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.04). Christopher & Banks had a negative net margin of 6.37% and a negative return on equity of 45.54%. The business had revenue of $87.42 million for the quarter. During the same quarter last year, the company earned ($0.21) EPS. analysts anticipate that Christopher & Banks will post -0.31 EPS for the current fiscal year.

In other news, major shareholder Retail Opportunity Fu Macellum bought 63,613 shares of the stock in a transaction on Friday, July 13th. The shares were purchased at an average price of $1.01 per share, for a total transaction of $64,249.13. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Seth R. Johnson bought 42,433 shares of the stock in a transaction on Thursday, June 28th. The stock was purchased at an average price of $0.93 per share, for a total transaction of $39,462.69. The disclosure for this purchase can be found here. Insiders have bought 344,219 shares of company stock worth $339,466 in the last quarter. 16.90% of the stock is currently owned by corporate insiders.

An institutional investor recently bought a new position in Christopher & Banks stock. Ancora Advisors LLC bought a new stake in Christopher & Banks Co. (NYSE:CBK) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 216,751 shares of the specialty retailer’s stock, valued at approximately $232,000. Ancora Advisors LLC owned approximately 0.57% of Christopher & Banks at the end of the most recent reporting period. 36.37% of the stock is currently owned by institutional investors.

Christopher & Banks Company Profile

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.

See Also: Outstanding Shares and The Effect on Share Price

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