Zacks Investment Research cut shares of Christopher & Banks Corporation (NYSE:CBK) from a buy rating to a hold rating in a report released on Wednesday morning.

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 cut shares of Christopher & Banks Corporation from a sell rating to a strong sell rating in a report on Saturday, June 3rd.

Christopher & Banks Corporation (NYSE CBK) opened at 1.43 on Wednesday. Christopher & Banks Corporation has a 1-year low of $1.04 and a 1-year high of $2.42. The stock’s 50 day moving average is $1.31 and its 200-day moving average is $1.32. The company’s market capitalization is $53.81 million.

Christopher & Banks Corporation (NYSE:CBK) last posted its quarterly earnings results on Thursday, May 25th. The specialty retailer reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.05. Christopher & Banks Corporation had a negative net margin of 5.76% and a negative return on equity of 26.89%. The company had revenue of $88.60 million during the quarter, compared to analysts’ expectations of $86.90 million. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. On average, analysts expect that Christopher & Banks Corporation will post ($0.28) earnings per share for the current fiscal year.

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In other news, Director Jonathan Duskin purchased 30,000 shares of the stock in a transaction on 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have acquired a total of 245,500 shares of company stock valued at $321,260 in the last quarter. 18.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CBK. Algert Global LLC boosted its position in Christopher & Banks Corporation by 31.3% in the first quarter. Algert Global LLC now owns 198,824 shares of the specialty retailer’s stock valued at $294,000 after buying an additional 47,343 shares during the period. First Midwest Bank Trust Division boosted its position in Christopher & Banks Corporation by 1.5% in the second quarter. First Midwest Bank Trust Division now owns 246,220 shares of the specialty retailer’s stock valued at $323,000 after buying an additional 3,718 shares during the period. California Public Employees Retirement System boosted its position in Christopher & Banks Corporation by 8.3% in the first quarter. California Public Employees Retirement System now owns 327,300 shares of the specialty retailer’s stock valued at $484,000 after buying an additional 25,000 shares during the period. VNBTrust National Association boosted its position in Christopher & Banks Corporation by 167.0% in the first quarter. VNBTrust National Association now owns 612,109 shares of the specialty retailer’s stock valued at $906,000 after buying an additional 382,896 shares during the period. Finally, Boston Partners boosted its position in Christopher & Banks Corporation by 555.2% in the first quarter. Boston Partners now owns 793,819 shares of the specialty retailer’s stock valued at $1,175,000 after buying an additional 672,667 shares during the period. Institutional investors own 45.54% of the company’s stock.

About Christopher & Banks Corporation

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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