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

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 from a hold rating to a buy rating in a report on Wednesday, June 6th.

CBK stock opened at $0.79 on Wednesday. Christopher & Banks has a 1-year low of $0.75 and a 1-year high of $1.54.

Christopher & Banks (NYSE:CBK) last posted its earnings results on Wednesday, September 5th. The specialty retailer reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.04). The business had revenue of $87.42 million for the quarter. Christopher & Banks had a negative return on equity of 45.54% and a negative net margin of 6.37%. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. analysts anticipate that Christopher & Banks will post -0.61 earnings per share for the current year.

In other news, major shareholder Retail Opportunity Fu Macellum purchased 42,890 shares of Christopher & Banks stock in a transaction that occurred on Thursday, July 19th. The stock was acquired at an average cost of $1.06 per share, for a total transaction of $45,463.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Seth R. Johnson purchased 42,433 shares of Christopher & Banks stock in a transaction that occurred on Thursday, June 28th. The stock was purchased at an average price of $0.93 per share, with a total value of $39,462.69. The disclosure for this purchase can be found here. Insiders have purchased a total of 344,219 shares of company stock worth $339,466 over the last three months. 16.90% of the stock is owned by insiders.

A hedge fund recently bought a new stake in Christopher & Banks stock. Ancora Advisors LLC purchased a new stake in Christopher & Banks Co. (NYSE:CBK) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 216,751 shares of the specialty retailer’s stock, valued at approximately $232,000. Ancora Advisors LLC owned 0.57% of Christopher & Banks at the end of the most recent reporting period. 36.37% of the stock is owned by hedge funds and other institutional investors.

About Christopher & Banks

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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