Christopher & Banks Co. (NYSE:CBK) shares hit a new 52-week low on Thursday . The company traded as low as $0.66 and last traded at $0.68, with a volume of 100 shares. The stock had previously closed at $0.70.
Separately, Zacks Investment Research lowered Christopher & Banks from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th.
The company has a market capitalization of $29.20 million, a price-to-earnings ratio of -1.14 and a beta of 3.10.
Christopher & Banks (NYSE:CBK) last issued its quarterly earnings results on Wednesday, September 5th. The specialty retailer reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.04). Christopher & Banks had a negative return on equity of 45.54% and a negative net margin of 6.37%. The business had revenue of $87.42 million for the quarter. During the same quarter in the previous year, the company posted ($0.21) earnings per share. Sell-side analysts forecast that Christopher & Banks Co. will post -0.61 EPS for the current year.
In other news, major shareholder Retail Opportunity Fu Macellum bought 42,890 shares of the business’s stock in a transaction that occurred on Thursday, July 19th. The shares were acquired at an average cost of $1.06 per share, with a total value of $45,463.40. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 70,590 shares of company stock worth $74,931. Corporate insiders own 16.90% of the company’s stock.
An institutional investor recently bought a new position in Christopher & Banks stock. Ancora Advisors LLC bought a new position in Christopher & Banks Co. (NYSE:CBK) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 216,751 shares of the specialty retailer’s stock, valued at approximately $232,000. Ancora Advisors LLC owned 0.57% of Christopher & Banks at the end of the most recent quarter. Institutional investors own 35.96% of the company’s stock.
Christopher & Banks Company Profile (NYSE:CBK)
Christopher & Banks Corporation, through its subsidiaries, operates as a specialty retailer of private-brand women's apparel and accessories in the United States. The company designs and sells women's apparel and accessories to customers ranging in age from 40 and older. Its stores offer women's apparel consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite, and women sizes, as well as jewelry and accessories.
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