Christopher & Banks (CBK) Sets New 12-Month Low at $0.36

Christopher & Banks Co. (NYSE:CBK) hit a new 52-week low on Thursday . The company traded as low as $0.36 and last traded at $0.36, with a volume of 192867 shares trading hands. The stock had previously closed at $0.39.

CBK has been the topic of a number of recent research reports. Zacks Investment Research downgraded Christopher & Banks from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. ValuEngine downgraded Christopher & Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th.

Christopher & Banks (NYSE:CBK) last issued its quarterly earnings results on Tuesday, December 4th. The specialty retailer reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.13). The business had revenue of $91.29 million during the quarter. Christopher & Banks had a negative return on equity of 62.02% and a negative net margin of 8.51%. During the same period in the previous year, the company posted ($0.05) earnings per share. As a group, equities research analysts anticipate that Christopher & Banks Co. will post -0.61 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its holdings in Christopher & Banks by 2.8% in the second quarter. Renaissance Technologies LLC now owns 2,716,100 shares of the specialty retailer’s stock worth $2,553,000 after acquiring an additional 74,000 shares in the last quarter. Virginia National Bank acquired a new stake in Christopher & Banks in the third quarter worth about $726,000. Finally, Ancora Advisors LLC boosted its holdings in Christopher & Banks by 40.3% in the third quarter. Ancora Advisors LLC now owns 411,203 shares of the specialty retailer’s stock worth $313,000 after acquiring an additional 118,139 shares in the last quarter. 37.40% of the stock is owned by institutional investors and hedge funds.

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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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