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

Christopher & Banks Co. (NYSE:CBK) CEO Joel N. Waller bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The shares were purchased at an average cost of $1.26 per share, for a total transaction of $25,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Christopher & Banks Co. (NYSE:CBK) remained flat at $1.28 during midday trading on Monday. 213,971 shares of the stock were exchanged. Christopher & Banks Co. has a 1-year low of $1.12 and a 1-year high of $3.02. The firm’s market capitalization is $47.87 million. The firm’s 50-day moving average is $1.30 and its 200 day moving average is $1.58.

Christopher & Banks Co. (NYSE:CBK) last posted its earnings results on Wednesday, March 15th. The company reported ($0.46) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.01. The company had revenue of $84.98 million for the quarter, compared to the consensus estimate of $85.28 million. Christopher & Banks Co. had a negative net margin of 12.06% and a negative return on equity of 10.72%. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period last year, the company posted ($0.24) earnings per share. On average, equities research analysts expect that Christopher & Banks Co. will post ($0.27) EPS for the current year.

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Separately, Zacks Investment Research lowered Christopher & Banks Co. from a “hold” rating to a “sell” rating in a research note on Thursday.

Several institutional investors have recently bought and sold shares of CBK. Wells Fargo & Company MN raised its position in Christopher & Banks Co. by 0.7% in the third quarter. Wells Fargo & Company MN now owns 1,597,856 shares of the company’s stock valued at $2,359,000 after buying an additional 11,503 shares during the period. A.R.T. Advisors LLC raised its position 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 valued at $117,000 after buying an additional 31,745 shares during the period. FNY Partners Fund LP bought a new position in Christopher & Banks Co. during the fourth quarter valued at approximately $126,000. Heartland Advisors Inc. raised its position in Christopher & Banks Co. by 11.1% in the third quarter. Heartland Advisors Inc. now owns 1,500,000 shares of the company’s stock valued at $2,175,000 after buying an additional 150,000 shares during the period. Finally, First Midwest Bank Trust Division raised its position 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 valued at $386,000 after buying an additional 182,818 shares during the period. 48.47% of the stock is owned by institutional investors.

Christopher & Banks Co. 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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