Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Christopher & Banks (CBK) Stock Price
News headlines about Christopher & Banks (NYSE:CBK) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Christopher & Banks earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 45.6094483300356 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Christopher & Banks (NYSE:CBK) traded down $0.01 during mid-day trading on Wednesday, reaching $1.20. The company’s stock had a trading volume of 162,000 shares, compared to its average volume of 261,045. Christopher & Banks has a 12-month low of $1.04 and a 12-month high of $2.42.
Christopher & Banks (NYSE:CBK) last announced its quarterly earnings data on Tuesday, November 28th. The specialty retailer reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. Christopher & Banks had a negative return on equity of 46.51% and a negative net margin of 8.48%. The firm had revenue of $98.50 million during the quarter, compared to the consensus estimate of $102.57 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The business’s revenue was down 7.7% on a year-over-year basis. equities research analysts forecast that Christopher & Banks will post -0.63 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded Christopher & Banks from a “hold” rating to a “sell” rating in a research report on Wednesday, November 22nd.
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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.
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