Somewhat Positive Media Coverage Somewhat Unlikely to Impact Christopher & Banks Corporation (CBK) Share Price
Press coverage about Christopher & Banks Corporation (NYSE:CBK) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Christopher & Banks Corporation earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the specialty retailer an impact score of 48.0475783905068 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Brokers Offer Predictions for Christopher & Banks Corporation’s FY2018 Earnings (CBK) (americanbankingnews.com)
- Christopher & Banks Corp. :CBK-US: Earnings Analysis: Q2, 2018 By the Numbers : August 31, 2017 (finance.yahoo.com)
- Edited Transcript of CBK earnings conference call or presentation 29-Aug-17 12:30pm GMT (finance.yahoo.com)
- EARNINGS SUMMARY: Details of Christopher & Banks Corp. Q2 Earnings Report (rttnews.com)
- CHRISTOPHER & BANKS CORPORATION (NYSE:CBK) Files An 8-K Results of Operations and Financial Condition (4-traders.com)
CBK has been the subject of several research analyst reports. Zacks Investment Research lowered Christopher & Banks Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, May 25th. ValuEngine lowered Christopher & Banks Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 3rd.
Christopher & Banks Corporation (CBK) remained flat at $1.29 during midday trading on Friday. 150,662 shares of the company’s stock were exchanged. Christopher & Banks Corporation has a 12-month low of $1.04 and a 12-month high of $2.42. The firm’s market capitalization is $47.93 million. The firm has a 50 day moving average of $1.37 and a 200-day moving average of $1.31.
Christopher & Banks Corporation (NYSE:CBK) last released its quarterly earnings data on Tuesday, August 29th. The specialty retailer reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. Christopher & Banks Corporation had a negative net margin of 6.90% and a negative return on equity of 34.64%. The business had revenue of $86.60 million during the quarter, compared to the consensus estimate of $87.18 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The business’s revenue was down 3.7% on a year-over-year basis. On average, analysts forecast that Christopher & Banks Corporation will post ($0.48) earnings per share for the current fiscal year.
In related news, Director Jonathan Duskin acquired 30,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The stock was acquired at an average price of $1.36 per share, with a total value of $40,800.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 42,500 shares of company stock valued at $57,300 in the last three months. Insiders own 18.60% of the company’s stock.
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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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