Christopher & Banks (CBK) Downgraded by ValuEngine
Christopher & Banks (NYSE:CBK) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.
Separately, Zacks Investment Research raised shares of Christopher & Banks from a “strong sell” rating to a “hold” rating in a report on Friday, February 2nd.
Shares of Christopher & Banks (NYSE:CBK) opened at $1.06 on Friday. Christopher & Banks has a fifty-two week low of $0.98 and a fifty-two week high of $1.62. The stock has a market cap of $40.10, a PE ratio of -1.29 and a beta of 3.31.
Several institutional investors have recently made changes to their positions in CBK. Renaissance Technologies LLC lifted its holdings in shares of Christopher & Banks by 3.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,695,100 shares of the specialty retailer’s stock worth $3,423,000 after buying an additional 94,900 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Christopher & Banks by 8.2% in the second quarter. Goldman Sachs Group Inc. now owns 85,073 shares of the specialty retailer’s stock worth $111,000 after buying an additional 6,474 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Christopher & Banks by 1.5% in the second quarter. Northern Trust Corp now owns 106,505 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 1,619 shares during the last quarter. 38.86% of the stock is currently owned by hedge funds and other institutional investors.
Christopher & Banks 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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