Shares of Christopher & Banks Co. (NYSE:CBK) fell 18.8% on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $0.36 and last traded at $0.39. 987,021 shares were traded during trading, an increase of 650% from the average session volume of 131,600 shares. The stock had previously closed at $0.48.

The specialty retailer reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.13). The business had revenue of $91.29 million for the quarter. Christopher & Banks had a negative net margin of 6.37% and a negative return on equity of 45.54%. During the same quarter in the prior year, the firm earned ($0.05) earnings per share.

Several brokerages have weighed in on CBK. Zacks Investment Research downgraded Christopher & Banks from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. ValuEngine downgraded Christopher & Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Virginia National Bank bought a new stake in shares of Christopher & Banks in the 3rd quarter worth $726,000. Ancora Advisors LLC raised its stake in shares of Christopher & Banks by 40.3% in the 3rd quarter. Ancora Advisors LLC now owns 411,203 shares of the specialty retailer’s stock worth $313,000 after buying an additional 118,139 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Christopher & Banks by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,716,100 shares of the specialty retailer’s stock worth $2,553,000 after buying an additional 74,000 shares in the last quarter. 37.40% of the stock is currently owned by institutional investors.

The company has a market capitalization of $17.58 million, a P/E ratio of -0.67 and a beta of 3.25.

TRADEMARK VIOLATION NOTICE: “Christopher & Banks (CBK) Trading Down 18.8% on Disappointing Earnings” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/christopher-banks-cbk-trading-down-18-8-on-disappointing-earnings/2663126.html.

About Christopher & Banks (NYSE:CBK)

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.

Featured Article: Market Capitalization in the Stock Market

Receive News & Ratings for Christopher & Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Christopher & Banks and related companies with MarketBeat.com's FREE daily email newsletter.