-$0.27 Earnings Per Share Expected for Christopher & Banks Co. (CBK) This Quarter

Equities analysts expect Christopher & Banks Co. (NYSE:CBK) to post ($0.27) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Christopher & Banks’ earnings. Christopher & Banks posted earnings per share of ($0.46) during the same quarter last year, which suggests a positive year-over-year growth rate of 41.3%. The company is expected to announce its next quarterly earnings report on Wednesday, March 21st.

On average, analysts expect that Christopher & Banks will report full year earnings of ($0.63) per share for the current financial year. For the next year, analysts forecast that the company will report earnings of ($0.13) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Christopher & Banks.

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

Separately, Zacks Investment Research downgraded shares of Christopher & Banks from a “hold” rating to a “sell” rating in a research report on Wednesday, November 22nd.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBK. JPMorgan Chase & Co. raised its position in shares of Christopher & Banks by 14.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 77,314 shares of the specialty retailer’s stock worth $101,000 after purchasing an additional 10,000 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Christopher & Banks by 8.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 85,073 shares of the specialty retailer’s stock worth $111,000 after purchasing an additional 6,474 shares during the last quarter. Northern Trust Corp raised its position in shares of Christopher & Banks by 1.5% during the 2nd 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. Cumberland Partners Ltd acquired a new position in shares of Christopher & Banks during the 3rd quarter worth about $388,000. Finally, AWM Investment Company Inc. acquired a new position in shares of Christopher & Banks during the 2nd quarter worth about $982,000. Hedge funds and other institutional investors own 38.97% of the company’s stock.

Christopher & Banks (NYSE:CBK) opened at $1.15 on Tuesday. Christopher & Banks has a 1 year low of $1.04 and a 1 year high of $1.62. The firm has a market cap of $43.89, a PE ratio of -1.40 and a beta of 3.39.

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About Christopher & Banks

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.

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