Christopher & Banks Corporation (NYSE:CBK) – Investment analysts at Dougherty & Co lowered their FY2018 earnings per share (EPS) estimates for shares of Christopher & Banks in a research report issued on Sunday. Dougherty & Co analyst J. Hamblin now anticipates that the specialty retailer will earn ($0.63) per share for the year, down from their previous forecast of ($0.61). Dougherty & Co also issued estimates for Christopher & Banks’ Q4 2018 earnings at ($0.27) EPS and FY2019 earnings at ($0.13) EPS.

Christopher & Banks (NYSE:CBK) last posted its earnings results on Tuesday, November 28th. The specialty retailer reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. Christopher & Banks had a negative return on equity of 46.51% and a negative net margin of 8.48%. The business had revenue of $98.50 million for the quarter, compared to analysts’ expectations of $102.57 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on CBK. ValuEngine raised Christopher & Banks from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised Christopher & Banks from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st.

Christopher & Banks (NYSE CBK) traded down $0.01 on Wednesday, hitting $1.25. The stock had a trading volume of 100,800 shares, compared to its average volume of 265,863. Christopher & Banks has a twelve month low of $1.04 and a twelve month high of $2.42.

A number of hedge funds have recently bought and sold shares of the stock. Cumberland Partners Ltd acquired a new stake in shares of Christopher & Banks during the 3rd quarter worth $388,000. AWM Investment Company Inc. purchased a new position in Christopher & Banks in the 2nd quarter valued at about $982,000. Tower Research Capital LLC TRC boosted its position in Christopher & Banks by 21.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 78,888 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 13,797 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Christopher & Banks by 8.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 85,073 shares of the specialty retailer’s stock valued at $111,000 after buying an additional 6,474 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Christopher & Banks by 1.5% in the 2nd quarter. Northern Trust Corp now owns 106,505 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 1,619 shares during the last quarter. 39.14% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Christopher & Banks (NYSE:CBK)

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