Gagnon Securities LLC reduced its position in shares of Christopher & Banks Corporation (NYSE:CBK) by 26.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,311 shares of the specialty retailer’s stock after selling 43,428 shares during the quarter. Gagnon Securities LLC owned about 0.33% of Christopher & Banks worth $168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of Christopher & Banks by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,023,324 shares of the specialty retailer’s stock worth $2,995,000 after acquiring an additional 19,091 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Christopher & Banks by 3.1% during the 2nd quarter. Wells Fargo & Company MN now owns 1,863,460 shares of the specialty retailer’s stock worth $2,501,000 after acquiring an additional 55,546 shares in the last quarter. White Pine Capital LLC boosted its stake in shares of Christopher & Banks by 29.2% during the 2nd quarter. White Pine Capital LLC now owns 1,200,000 shares of the specialty retailer’s stock worth $1,572,000 after acquiring an additional 271,000 shares in the last quarter. AWM Investment Company Inc. bought a new stake in shares of Christopher & Banks during the 2nd quarter worth $982,000. Finally, California Public Employees Retirement System boosted its stake in shares of Christopher & Banks by 8.3% during the 1st quarter. California Public Employees Retirement System now owns 327,300 shares of the specialty retailer’s stock worth $484,000 after acquiring an additional 25,000 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on CBK shares. ValuEngine raised Christopher & Banks from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised Christopher & Banks from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st.

Shares of Christopher & Banks Corporation (NYSE CBK) opened at $1.20 on Monday. Christopher & Banks Corporation has a one year low of $1.04 and a one year high of $2.42.

Christopher & Banks (NYSE:CBK) last released its quarterly earnings data on Tuesday, November 28th. The specialty retailer reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $98.50 million during the quarter, compared to analyst estimates of $102.57 million. Christopher & Banks had a negative return on equity of 46.51% and a negative net margin of 8.48%. The company’s revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.02 EPS. research analysts predict that Christopher & Banks Corporation will post -0.63 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Gagnon Securities LLC Decreases Holdings in Christopher & Banks Corporation (CBK)” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/gagnon-securities-llc-decreases-holdings-in-christopher-banks-corporation-cbk/1757102.html.

About Christopher & Banks

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.

Institutional Ownership by Quarter for Christopher & Banks (NYSE:CBK)

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