Insider Buying: Christopher & Banks Co. (CBK) CEO Purchases 20,000 Shares of Stock
Christopher & Banks Co. (NYSE:CBK) CEO Joel N. Waller acquired 20,000 shares of the business’s stock in a transaction dated Friday, March 17th. The shares were bought at an average price of $1.26 per share, with a total value of $25,200.00. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Christopher & Banks Co. (NYSE:CBK) remained flat at $1.28 during mid-day trading on Monday. 213,971 shares of the company’s stock traded hands. Christopher & Banks Co. has a 12-month low of $1.12 and a 12-month high of $3.02. The firm has a 50-day moving average of $1.30 and a 200-day moving average of $1.58. The company’s market capitalization is $47.87 million.
Christopher & Banks Co. (NYSE:CBK) last released its quarterly earnings data on Wednesday, March 15th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.45) by $0.01. The firm had revenue of $84.98 million for the quarter, compared to analyst estimates of $85.28 million. Christopher & Banks Co. had a negative return on equity of 10.72% and a negative net margin of 12.06%. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. Equities research analysts expect that Christopher & Banks Co. will post ($0.27) earnings per share for the current fiscal year.
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Separately, Zacks Investment Research lowered Christopher & Banks Co. from a “hold” rating to a “sell” rating in a report on Thursday.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in Christopher & Banks Co. by 15.2% in the fourth quarter. Renaissance Technologies LLC now owns 2,303,200 shares of the company’s stock valued at $5,389,000 after buying an additional 303,500 shares in the last quarter. Wells Fargo & Company MN raised its position in Christopher & Banks Co. by 0.7% in the third quarter. Wells Fargo & Company MN now owns 1,597,856 shares of the company’s stock valued at $2,359,000 after buying an additional 11,503 shares in the last quarter. Heartland Advisors Inc. raised its position in Christopher & Banks Co. by 11.1% in the third quarter. Heartland Advisors Inc. now owns 1,500,000 shares of the company’s stock valued at $2,175,000 after buying an additional 150,000 shares in the last quarter. Perritt Capital Management Inc. purchased a new position in Christopher & Banks Co. during the fourth quarter valued at $763,000. Finally, First Midwest Bank Trust Division raised its position in Christopher & Banks Co. by 219.7% in the third quarter. First Midwest Bank Trust Division now owns 266,012 shares of the company’s stock valued at $386,000 after buying an additional 182,818 shares in the last quarter. Institutional investors own 48.47% of the company’s stock.
About Christopher & Banks Co.
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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