Christopher & Banks Coverage Initiated at Buckingham Research (CBK)
Analysts at Buckingham Research initiated coverage on shares of Christopher & Banks (NYSE:CBK) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Christopher & Banks (NYSE:CBK) opened at 6.13 on Friday. Christopher & Banks has a 52-week low of $5.29 and a 52-week high of $9.32. The stock’s 50-day moving average is $6.36 and its 200-day moving average is $6.73. The company has a market cap of $223.1 million and a P/E ratio of 26.65.
Christopher & Banks (NYSE:CBK) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.02. The company had revenue of $104.90 million for the quarter, compared to the consensus estimate of $109.60 million. During the same quarter last year, the company posted ($0.11) earnings per share. Christopher & Banks’s revenue was down 9.6% compared to the same quarter last year. Analysts expect that Christopher & Banks will post $0.27 EPS 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 on Wednesday, March 12th. They now have a $7.60 price target on the stock.
Christopher & Banks Corporation is a retailer of women’s apparel, which operates retail stores through its wholly owned subsidiaries.
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