Insider Buying: Christopher & Banks Co. (CBK) CEO Purchases 20,000 Shares of Stock

Christopher & Banks Co. (NYSE:CBK) CEO Joel N. Waller acquired 20,000 shares of the company’s stock in a transaction on Friday, March 17th. The stock was bought at an average cost of $1.26 per share, with a total value of $25,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Christopher & Banks Co. (NYSE:CBK) opened at 1.29 on Monday. The firm’s market capitalization is $48.53 million. The firm has a 50-day moving average price of $1.30 and a 200 day moving average price of $1.57. Christopher & Banks Co. has a one year low of $1.12 and a one year high of $3.02.

Christopher & Banks Co. (NYSE:CBK) last issued its quarterly earnings data on Wednesday, March 15th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.45) by $0.01. Christopher & Banks Co. had a negative return on equity of 10.72% and a negative net margin of 12.06%. The business earned $84.98 million during the quarter, compared to analysts’ expectations of $85.28 million. During the same quarter last year, the business posted ($0.24) EPS. The company’s quarterly revenue was down 10.1% on a year-over-year basis. Analysts anticipate that Christopher & Banks Co. will post ($0.27) EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Christopher & Banks Co. (NYSE:CBK)

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Several large investors have recently modified their holdings of the company. Perritt Capital Management Inc. purchased a new stake in Christopher & Banks Co. during the fourth quarter worth $763,000. A.R.T. Advisors LLC increased its stake in Christopher & Banks Co. by 170.7% in the fourth quarter. A.R.T. Advisors LLC now owns 50,345 shares of the company’s stock worth $117,000 after buying an additional 31,745 shares during the last quarter. Renaissance Technologies LLC increased its stake in Christopher & Banks Co. by 15.2% in the fourth quarter. Renaissance Technologies LLC now owns 2,303,200 shares of the company’s stock worth $5,389,000 after buying an additional 303,500 shares during the last quarter. FNY Partners Fund LP purchased a new stake in Christopher & Banks Co. during the fourth quarter worth $126,000. Finally, First Midwest Bank Trust Division increased its stake in Christopher & Banks Co. by 219.7% in the third quarter. First Midwest Bank Trust Division now owns 266,012 shares of the company’s stock worth $386,000 after buying an additional 182,818 shares during the last quarter. Institutional investors own 48.47% of the company’s stock.

Separately, Zacks Investment Research raised Christopher & Banks Co. from a “sell” rating to a “hold” rating in a report on Friday, February 17th.

About Christopher & Banks Co.

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.

5 Day Chart for NYSE:CBK

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