Christopher & Banks (NYSE:CBK) announced its quarterly earnings data on Wednesday. The specialty retailer reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.04), Bloomberg Earnings reports. Christopher & Banks had a negative net margin of 6.51% and a negative return on equity of 42.06%. During the same period in the previous year, the firm posted ($0.21) EPS.
Shares of NYSE:CBK opened at $0.82 on Thursday. The firm has a market cap of $37.31 million, a price-to-earnings ratio of -1.41 and a beta of 3.18. Christopher & Banks has a 12-month low of $0.75 and a 12-month high of $1.54.
CBK has been the subject of a number of recent research reports. ValuEngine upgraded Christopher & Banks from a “hold” rating to a “buy” rating in a research note on Wednesday, June 6th. Zacks Investment Research upgraded Christopher & Banks from a “sell” rating to a “hold” rating in a research note on Friday, May 11th.
In other Christopher & Banks news, major shareholder Retail Opportunity Fu Macellum purchased 42,890 shares of the firm’s stock in a transaction dated Thursday, July 19th. The stock was purchased at an average price of $1.06 per share, for a total transaction of $45,463.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Seth R. Johnson purchased 42,433 shares of the firm’s stock in a transaction dated Thursday, June 28th. The stock was acquired at an average price of $0.93 per share, with a total value of $39,462.69. The disclosure for this purchase can be found here. Insiders have acquired 349,219 shares of company stock valued at $343,666 in the last quarter. 16.90% of the stock is owned by company insiders.
Christopher & Banks Company Profile
Christopher & Banks Corporation, through its subsidiaries, operates as a specialty retailer of private-brand women's apparel and accessories in the United States. The company designs and sells women's apparel and accessories to customers ranging in age from 40 and older. Its stores offer women's apparel consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite, and women sizes, as well as jewelry and accessories.
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