The stock of Christopher & Banks Corporation (NYSE:CBK) is a huge mover today! About 1.23M shares traded hands or 452.38% up from the average. Christopher & Banks Corporation (NYSE:CBK) has declined 36.30% since April 28, 2016 and is downtrending. It has underperformed by 42.22% the S&P500.
The move comes after 9 months positive chart setup for the $72.52 million company. It was reported on Dec, 1 by Barchart.com. We have $2.13 PT which if reached, will make NYSE:CBK worth $5.80M more.
Christopher & Banks Corporation (NYSE:CBK) Ratings Coverage
Out of 2 analysts covering Christopher & Banks Corporation (NYSE:CBK), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Christopher & Banks Corporation has been the topic of 5 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was downgraded by Dougherty & Company on Monday, August 17 to “Neutral”. As per Friday, August 14, the company rating was downgraded by Brean Capital. The firm earned “Buy” rating on Wednesday, August 19 by Zacks. The company was downgraded on Friday, August 14 by Dougherty & Company. The stock has “Buy” rating given by Dougherty & Company on Thursday, April 7.
According to Zacks Investment Research, “Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women’s clothing providing exclusive fashions under the Christopher & Banks and C.J. Banks labels. Currently, the Company operates 351 stores in 30 states, located primarily in the northern half of the United States.”
Insitutional Activity: The institutional sentiment decreased to 0.41 in Q2 2016. Its down 0.43, from 0.84 in 2016Q1. The ratio fall, as 17 funds sold all Christopher & Banks Corporation shares owned while 26 reduced positions. 12 funds bought stakes while 24 increased positions. They now own 18.03 million shares or 18.03% less from 21.99 million shares in 2016Q1.
Goldman Sachs holds 0% of its portfolio in Christopher & Banks Corporation (NYSE:CBK) for 29,366 shares. D E Shaw Incorporated has 0% invested in the company for 317,205 shares. The Pennsylvania-based Brandywine Global Inv Management Ltd Com has invested 0% in Christopher & Banks Corporation (NYSE:CBK). Palisade Asset Mgmt Ltd Liability Corp has invested 0.18% of its portfolio in Christopher & Banks Corporation (NYSE:CBK). Jacobs Levy Equity Inc accumulated 73,568 shares or 0% of the stock. Morgan Stanley holds 47,670 shares or 0% of its portfolio. Cubist Systematic Strategies Ltd Llc accumulated 0.01% or 51,528 shares. Schwab Charles Inv Mgmt Inc holds 0% of its portfolio in Christopher & Banks Corporation (NYSE:CBK) for 13,400 shares. Renaissance Ltd Company holds 0.01% of its portfolio in Christopher & Banks Corporation (NYSE:CBK) for 1.85M shares. Fincl Architects Inc has invested 0% of its portfolio in Christopher & Banks Corporation (NYSE:CBK). Northern Trust has 137,938 shares for 0% of their US portfolio. Art Ltd Liability Company owns 174,829 shares or 0.02% of their US portfolio. Rbf Cap Limited Liability Corp owns 30,000 shares or 0.01% of their US portfolio. Blackrock Mngmt Ltd has 6,024 shares for 0% of their US portfolio. Tfs Capital Ltd Liability has invested 0.02% of its portfolio in Christopher & Banks Corporation (NYSE:CBK).
More notable recent Christopher & Banks Corporation (NYSE:CBK) news were published by: Businesswire.com which released: “Christopher & Banks Corporation Reports Third Quarter Fiscal 2016 Financial …” on December 01, 2016, also Businesswire.com with their article: “Christopher & Banks Corporation Announces Reporting Date for Fiscal 2016 Third …” published on November 17, 2016, Businesswire.com published: “Christopher & Banks Corporation Announces Changes to Board of Directors and …” on March 10, 2016. More interesting news about Christopher & Banks Corporation (NYSE:CBK) were released by: Businesswire.com and their article: “Christopher & Banks Corporation Announces Preliminary Results for the Fiscal …” published on November 04, 2016 as well as Businesswire.com‘s news article titled: “Christopher & Banks Corporation Reports First Quarter Fiscal 2016 Financial …” with publication date: June 09, 2016.
CBK Company Profile
Christopher & Banks Corporation, incorporated on November 24, 1986, is a national specialty retailer featuring private-brand women’s apparel and accessories. The Firm offers its clients an assortment of clothing for everyday needs. The Company’s merchandise assortments include creates 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. The Firm also offers a selection of jewelry and accessories, including footwear. The Firm operates in the Retail Operations segment, which includes the operation of its retail stores, outlet stores, online and mobile. The Retail Operations segment includes activities generated by the Company’s retail store locations (Missy Petite Women (MPW), Outlet stores, Christopher & Banks (CB), and C.J. Banks (CJ)), as well as the e-commerce business. The Company’s merchandise is developed for women of all sizes, age 40 and older. The Firm offers a merchandise assortment of coordinated outfits, which are manufactured under its Christopher & Banks and C.J. Banks names. The Company’s subsidiaries are Christopher & Banks, Inc. and Christopher & Banks Company.
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