Christopher & Banks Corporation (CBK) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Christopher & Banks Corporation (NYSE:CBK) issued its quarterly earnings data on Tuesday. The specialty retailer reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02, Bloomberg Earnings reports. The firm had revenue of $86.60 million for the quarter, compared to analyst estimates of $87.18 million. Christopher & Banks Corporation had a negative net margin of 5.76% and a negative return on equity of 26.89%. Christopher & Banks Corporation’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) EPS.
Shares of Christopher & Banks Corporation (CBK) opened at 1.46 on Tuesday. Christopher & Banks Corporation has a 52 week low of $1.04 and a 52 week high of $2.42. The stock’s market capitalization is $54.93 million. The firm’s 50-day moving average is $1.37 and its 200-day moving average is $1.31.
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In related news, Director Jonathan Duskin purchased 30,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was bought at an average price of $1.36 per share, for a total transaction of $40,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have bought 145,500 shares of company stock valued at $194,260. 18.60% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Christopher & Banks Corporation stock. Northern Trust Corp increased its stake in Christopher & Banks Corporation (NYSE:CBK) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,505 shares of the specialty retailer’s stock after buying an additional 1,619 shares during the period. Northern Trust Corp owned approximately 0.28% of Christopher & Banks Corporation worth $140,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 42.13% of the company’s stock.
Several analysts recently issued reports on CBK shares. Zacks Investment Research lowered shares of Christopher & Banks Corporation from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. ValuEngine lowered shares of Christopher & Banks Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 3rd.
Christopher & Banks Corporation 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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