Insider Selling: David Levin Unloads 23,000 Shares of Christopher & Banks Stock (CBK)
Christopher & Banks (NYSE:CBK) Director David Levin sold 23,000 shares of the company’s stock on the open market in a transaction dated Friday, January 3rd. The stock was sold at an average price of $8.64, for a total value of $198,720.00. Following the transaction, the director now directly owns 64,946 shares of the company’s stock, valued at approximately $561,133. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Christopher & Banks (NYSE:CBK) traded up 2.92% on Monday, hitting $8.11. The stock had a trading volume of 187,690 shares. Christopher & Banks has a 52-week low of $5.19 and a 52-week high of $9.32. The stock has a 50-day moving average of $7.32 and a 200-day moving average of $6.66. The company has a market cap of $295.4 million and a P/E ratio of 58.37.
Christopher & Banks (NYSE:CBK) last announced its earnings results on Wednesday, December 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.12. The company had revenue of $118.10 million for the quarter, compared to the consensus estimate of $117.26 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts predict that Christopher & Banks will post $0.20 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Christopher & Banks from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 29th. They now have a $7.20 price target on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $7.90.
Christopher & Banks Corporation is a retailer of women’s apparel, which operates retail stores through its wholly owned subsidiaries.
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