Zacks Investment Research downgraded shares of Christopher & Banks (NYSE:CBK) from a hold rating to a sell rating in a research report released on Tuesday.

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 lowered shares of Christopher & Banks from a buy rating to a hold rating in a report on Tuesday, November 20th.

CBK stock traded up $0.02 during trading on Tuesday, reaching $0.52. The stock had a trading volume of 244,807 shares, compared to its average volume of 266,438. Christopher & Banks has a 1-year low of $0.31 and a 1-year high of $1.37. The firm has a market capitalization of $19.97 million, a P/E ratio of -0.90 and a beta of 2.55.

Christopher & Banks (NYSE:CBK) last issued its quarterly earnings data on Tuesday, December 4th. The specialty retailer reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.13). Christopher & Banks had a negative return on equity of 62.02% and a negative net margin of 8.51%. The firm had revenue of $91.29 million during the quarter. During the same quarter in the prior year, the company earned ($0.05) EPS. Research analysts predict that Christopher & Banks will post -0.85 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Ancora Advisors LLC lifted its holdings in Christopher & Banks by 40.3% in the 3rd quarter. Ancora Advisors LLC now owns 411,203 shares of the specialty retailer’s stock worth $313,000 after buying an additional 118,139 shares in the last quarter. Virginia National Bank acquired a new stake in Christopher & Banks during the third quarter worth about $726,000. Finally, Renaissance Technologies LLC raised its stake in Christopher & Banks by 2.8% during the second quarter. Renaissance Technologies LLC now owns 2,716,100 shares of the specialty retailer’s stock worth $2,553,000 after acquiring an additional 74,000 shares during the period. Hedge funds and other institutional investors own 34.86% of the company’s stock.

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.

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