Christopher & Banks (CBK) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Christopher & Banks (NYSE:CBK) announced its earnings results on Wednesday. The specialty retailer reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.01, MarketWatch Earnings reports. Christopher & Banks had a negative net margin of 8.51% and a negative return on equity of 62.02%. During the same period in the prior year, the business posted ($0.23) earnings per share. Christopher & Banks updated its FY 2019 guidance to EPS.

NYSE CBK opened at $0.40 on Thursday. Christopher & Banks has a 12 month low of $0.31 and a 12 month high of $1.16. The stock has a market cap of $19.90 million, a PE ratio of -0.69 and a beta of 2.73.

Several brokerages recently weighed in on CBK. Zacks Investment Research downgraded shares of Christopher & Banks from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. ValuEngine downgraded shares of Christopher & Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th.

In related news, major shareholder Retail Opportunity Fu Macellum acquired 154,714 shares of the company’s stock in a transaction dated Thursday, January 17th. The stock was bought at an average price of $0.62 per share, with a total value of $95,922.68. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Duskin acquired 55,532 shares of the company’s stock in a transaction dated Wednesday, January 16th. The shares were bought at an average cost of $0.61 per share, with a total value of $33,874.52. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 250,246 shares of company stock valued at $148,597. Corporate insiders own 16.90% of the company’s stock.

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About Christopher & Banks

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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Earnings History for Christopher & Banks (NYSE:CBK)

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