Q2 2018 EPS Estimates for Christopher & Banks Corporation Decreased by Dougherty & Co (CBK)

Christopher & Banks Corporation (NYSE:CBK) – Investment analysts at Dougherty & Co reduced their Q2 2018 EPS estimates for shares of Christopher & Banks Corporation in a research report issued to clients and investors on Thursday. Dougherty & Co analyst J. Hamblin now anticipates that the specialty retailer will post earnings per share of ($0.22) for the quarter, down from their previous estimate of ($0.15). Dougherty & Co also issued estimates for Christopher & Banks Corporation’s FY2018 earnings at ($0.40) EPS.

Christopher & Banks Corporation (NYSE:CBK) last released its quarterly earnings results on Thursday, May 25th. The specialty retailer reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.05. The business had revenue of $88.60 million during the quarter, compared to the consensus estimate of $86.90 million. Christopher & Banks Corporation had a negative return on equity of 26.89% and a negative net margin of 5.76%. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “Q2 2018 EPS Estimates for Christopher & Banks Corporation Decreased by Dougherty & Co (CBK)” was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://sportsperspectives.com/2017/08/22/q2-2018-eps-estimates-for-christopher-banks-corporation-decreased-by-dougherty-co-cbk.html.

A number of other equities research analysts have also recently commented on the stock. ValuEngine upgraded shares of Christopher & Banks Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Christopher & Banks Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th.

Christopher & Banks Corporation (CBK) traded down 1.852% during trading on Monday, reaching $1.325. The company’s stock had a trading volume of 83,699 shares. The firm’s market cap is $49.85 million. The company has a 50-day moving average of $1.36 and a 200 day moving average of $1.31. Christopher & Banks Corporation has a one year low of $1.04 and a one year high of $2.42.

Several institutional investors have recently modified their holdings of the company. Boston Partners boosted its position in Christopher & Banks Corporation by 555.2% in the first quarter. Boston Partners now owns 793,819 shares of the specialty retailer’s stock worth $1,175,000 after buying an additional 672,667 shares in the last quarter. Algert Global LLC raised its stake in shares of Christopher & Banks Corporation by 31.3% in the first quarter. Algert Global LLC now owns 198,824 shares of the specialty retailer’s stock worth $294,000 after buying an additional 47,343 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Christopher & Banks Corporation by 11.2% in the first quarter. Wells Fargo & Company MN now owns 1,807,914 shares of the specialty retailer’s stock worth $2,669,000 after buying an additional 182,799 shares during the last quarter. First Midwest Bank Trust Division raised its stake in shares of Christopher & Banks Corporation by 1.5% in the second quarter. First Midwest Bank Trust Division now owns 246,220 shares of the specialty retailer’s stock worth $323,000 after buying an additional 3,718 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Christopher & Banks Corporation by 6.0% in the first quarter. Renaissance Technologies LLC now owns 2,442,300 shares of the specialty retailer’s stock worth $3,615,000 after buying an additional 139,100 shares during the last quarter. 39.07% of the stock is owned by institutional investors and hedge funds.

In related news, Director Jonathan Duskin purchased 100,000 shares of Christopher & Banks Corporation stock in a transaction on Wednesday, May 31st. The shares were bought at an average cost of $1.33 per share, for a total transaction of $133,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders acquired 245,500 shares of company stock worth $321,260. 18.60% of the stock is currently owned by insiders.

Christopher & Banks Corporation 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 Corporation (NYSE:CBK)

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