Christopher & Banks Corporation (CBK) Set to Announce Quarterly Earnings on Tuesday
Christopher & Banks Corporation (NYSE:CBK) is set to announce its earnings results before the market opens on Tuesday, August 29th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.
Christopher & Banks Corporation (NYSE:CBK) last posted its earnings results on Thursday, May 25th. The specialty retailer reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.05. The business had revenue of $88.60 million during the quarter, compared to the consensus estimate of $86.90 million. Christopher & Banks Corporation had a negative return on equity of 26.89% and a negative net margin of 5.76%. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. On average, analysts expect Christopher & Banks Corporation to post $-0.40 EPS for the current fiscal year and $-0.04 EPS for the next fiscal year.
Christopher & Banks Corporation (NYSE:CBK) opened at 1.35 on Tuesday. Christopher & Banks Corporation has a 52-week low of $1.04 and a 52-week high of $2.42. The company’s market cap is $50.80 million. The company’s 50 day moving average price is $1.36 and its 200 day moving average price is $1.31.
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A number of brokerages recently issued reports on CBK. ValuEngine raised Christopher & Banks Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research downgraded Christopher & Banks Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th.
In related news, Director Jonathan Duskin purchased 100,000 shares of Christopher & Banks Corporation stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average price of $1.33 per share, with a total value of $133,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 245,500 shares of company stock worth $321,260 in the last three months. 18.60% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Christopher & Banks Corporation stock. Northern Trust Corp raised its position in shares of Christopher & Banks Corporation (NYSE:CBK) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,505 shares of the specialty retailer’s stock after buying an additional 1,619 shares during the period. Northern Trust Corp owned 0.28% of Christopher & Banks Corporation worth $140,000 as of its most recent filing with the SEC. 39.07% of the stock is currently owned by hedge funds and other institutional investors.
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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