White Pine Capital Lowers stake in Christopher & Banks Corporation (CBK)

Christopher & Banks Corporation (CBK) : White Pine Capital reduced its stake in Christopher & Banks Corporation by 1.09% during the most recent quarter end. The investment management company now holds a total of 924,475 shares of Christopher & Banks Corporation which is valued at $2.1 Million after selling 10,225 shares in Christopher & Banks Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Christopher & Banks Corporation makes up approximately 0.93% of White Pine Capital’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. sold out all of its stake in CBK during the most recent quarter. The investment firm sold 4,500 shares of CBK which is valued $10,440.Blackrock Investment Management reduced its stake in CBK by selling 4,164 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 143,114 shares of CBK which is valued at $332,024.California Public Employees Retirement System reduced its stake in CBK by selling 14,500 shares or 7.49% in the most recent quarter. The Hedge Fund company now holds 179,000 shares of CBK which is valued at $447,500.Gagnon Advisors boosted its stake in CBK in the latest quarter, The investment management firm added 77,185 additional shares and now holds a total of 757,072 shares of Christopher & Banks Corporation which is valued at $1.9 Million. Christopher & Banks Corporation makes up approx 1.72% of Gagnon Advisors’s portfolio.

Christopher & Banks Corporation closed down -0.05 points or -2.16% at $2.27 with 2,48,055 shares getting traded on Monday. Post opening the session at $2.29, the shares hit an intraday low of $2.24 and an intraday high of $2.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Christopher & Banks Corporation reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Mar 10, 2016. Analyst had a consensus of $-0.14. The company had revenue of $94.60 million for the quarter, compared to analysts expectations of $93.41 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.18 EPS.

Many Wall Street Analysts have commented on Christopher & Banks Corporation. Dougherty & Company Upgraded Christopher & Banks Corporation on Apr 7, 2016 to ” Buy”, Price Target of the shares are set at $3.25.

Christopher & Banks Corporation is a retailer of women’s apparel and accessories. The Company operates retail stores through its wholly owned subsidiaries Christopher & Banks Inc. and Christopher & Banks Company (collectively referred to as Christopher & Banks). It operates approximately 518 stores in 43 states including 173 Christopher & Banks stores 85 C.J. Banks stores 216 Missy Petite Women (MPW) stores and 44 outlet stores. It also operates an e-Commerce Website for its brands at www.christopherandbanks.com which in addition to offering the apparel and accessories found in its stores also offers sizes and styles available online. Its merchandise assortments include women’s apparel consisting of knit tops woven tops jackets sweaters skirts denim bottoms bottoms made of other fabrics leisure wear and dresses in missy petite and women sizes. It also offers a range of jewelry and accessories in all stores and on its Website.

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