Christopher & Banks Co. (CBK) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS
Christopher & Banks Co. (NYSE:CBK) issued its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05, Stock Ratings Network reports. The company had revenue of $106.60 million for the quarter, compared to the consensus estimate of $106.03 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share.
On a related note, analysts at Zacks downgraded shares of Christopher & Banks Co. from an “outperform” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $10.50 price target on the stock.
Shares of Christopher & Banks Co. (NYSE:CBK) traded down 2.94% on Wednesday, hitting $9.59. 508,045 shares of the company’s stock traded hands. Christopher & Banks Co. has a 52 week low of $5.32 and a 52 week high of $10.13. The stock’s 50-day moving average is $9.25 and its 200-day moving average is $7.52. The company has a market cap of $349.3 million and a P/E ratio of 35.29.
Christopher & Banks Corporation is a retailer of women’s apparel, which operates retail stores through its wholly owned subsidiaries.
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