Christopher & Banks Corporation (CBK) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Christopher & Banks Corporation (NYSE:CBK) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

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 raised Christopher & Banks Corporation from a strong sell rating to a sell rating in a research note on Wednesday, August 16th.

Christopher & Banks Corporation (NYSE:CBK) opened at $1.14 on Tuesday.

Christopher & Banks Corporation (NYSE:CBK) last issued its quarterly earnings data on Tuesday, August 29th. The specialty retailer reported ($0.20) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.02. The business had revenue of $86.60 million for the quarter, compared to the consensus estimate of $87.18 million. Christopher & Banks Corporation had a negative return on equity of 34.64% and a negative net margin of 6.90%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) EPS. research analysts forecast that Christopher & Banks Corporation will post -0.48 EPS for the current year.

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A number of institutional investors have recently modified their holdings of CBK. AWM Investment Company Inc. acquired a new stake in Christopher & Banks Corporation during the 2nd quarter worth $982,000. Cumberland Partners Ltd bought a new position in Christopher & Banks Corporation during the 3rd quarter worth about $388,000. White Pine Capital LLC increased its holdings in Christopher & Banks Corporation by 29.2% during the 2nd 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. Renaissance Technologies LLC increased its holdings in Christopher & Banks Corporation by 6.0% during the 1st 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. Finally, Wells Fargo & Company MN increased its holdings in Christopher & Banks Corporation by 3.1% during the 2nd 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. 43.38% of the stock is currently owned by institutional investors and hedge funds.

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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