Christopher & Banks Co. (NYSE:CBK) – Dougherty & Co dropped their FY2019 earnings per share estimates for shares of Christopher & Banks in a research report issued to clients and investors on Sunday. Dougherty & Co analyst J. Hamblin now forecasts that the specialty retailer will post earnings of ($0.21) per share for the year, down from their prior estimate of ($0.13).
CBK has been the subject of several other research reports. Zacks Investment Research cut Christopher & Banks from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. ValuEngine cut Christopher & Banks from a “sell” rating to a “strong sell” rating in a report on Saturday.
Christopher & Banks (NYSE CBK) traded down $0.02 during trading on Wednesday, reaching $0.99. The company’s stock had a trading volume of 273,768 shares, compared to its average volume of 118,299. The firm has a market cap of $38.97, a PE ratio of -1.64 and a beta of 3.31. Christopher & Banks has a 12-month low of $0.95 and a 12-month high of $1.62.
Christopher & Banks (NYSE:CBK) last posted its quarterly earnings results on Thursday, March 8th. The specialty retailer reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.04. The firm had revenue of $92.27 million for the quarter. Christopher & Banks had a negative return on equity of 35.95% and a negative net margin of 6.02%. During the same period in the previous year, the firm posted ($0.46) earnings per share.
Several institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp raised its holdings in shares of Christopher & Banks by 1.5% in the 2nd quarter. Northern Trust Corp now owns 106,505 shares of the specialty retailer’s stock worth $140,000 after buying an additional 1,619 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Christopher & Banks by 8.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 85,073 shares of the specialty retailer’s stock worth $111,000 after buying an additional 6,474 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Christopher & Banks by 3.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,695,100 shares of the specialty retailer’s stock worth $3,423,000 after buying an additional 94,900 shares in the last quarter. 38.86% of the stock is owned by institutional investors and hedge funds.
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Christopher & Banks Company Profile
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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