Christopher & Banks Corporation (NYSE:CBK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women’s clothing providing exclusive fashions under the Christopher & Banks and C.J. Banks labels. Currently, the Company operates 351 stores in 30 states, located primarily in the northern half of the United States. “

Separately, ValuEngine upgraded shares of Christopher & Banks Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th.

Christopher & Banks Corporation (CBK) opened at $1.21 on Wednesday. Christopher & Banks Corporation has a twelve month low of $1.04 and a twelve month high of $2.42.

Christopher & Banks Corporation (NYSE:CBK) last released its quarterly earnings data on Tuesday, August 29th. The specialty retailer reported ($0.20) earnings per share 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 firm had revenue of $86.60 million during the quarter, compared to analysts’ expectations of $87.18 million. During the same period in the previous year, the company earned ($0.11) earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. equities research analysts forecast that Christopher & Banks Corporation will post -0.61 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This article was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/11/24/christopher-banks-corporation-cbk-rating-lowered-to-sell-at-zacks-investment-research.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in CBK. AWM Investment Company Inc. bought a new stake in Christopher & Banks Corporation during the second quarter valued at approximately $982,000. Cumberland Partners Ltd bought a new stake in Christopher & Banks Corporation during the third quarter valued at approximately $388,000. White Pine Capital LLC grew its position in Christopher & Banks Corporation by 29.2% during the second quarter. White Pine Capital LLC now owns 1,200,000 shares of the specialty retailer’s stock valued at $1,572,000 after buying an additional 271,000 shares during the period. Renaissance Technologies LLC grew its position in Christopher & Banks Corporation by 6.0% during the first quarter. Renaissance Technologies LLC now owns 2,442,300 shares of the specialty retailer’s stock valued at $3,615,000 after buying an additional 139,100 shares during the period. Finally, Wells Fargo & Company MN grew its position in Christopher & Banks Corporation by 3.1% during the second quarter. Wells Fargo & Company MN now owns 1,863,460 shares of the specialty retailer’s stock valued at $2,501,000 after buying an additional 55,546 shares during the period. Institutional investors own 40.25% of the company’s stock.

About Christopher & Banks Corporation

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.

Receive News & Stock Ratings for Christopher & Banks Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Christopher & Banks Corporation and related stocks with our FREE daily email newsletter.