Gagnon Advisors buys $1,892,680 stake in Christopher & Banks Corporation (CBK)

Christopher & Banks Corporation (CBK) : Gagnon Advisors scooped up 77,185 additional shares in Christopher & Banks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 757,072 shares of Christopher & Banks Corporation which is valued at $1,892,680.Christopher & Banks Corporation makes up approximately 1.72% of Gagnon Advisors’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan reduced its stake in CBK by selling 7,950 shares or 3.24% in the most recent quarter. The Hedge Fund company now holds 237,600 shares of CBK which is valued at $594,000. Christopher & Banks Corporation makes up approx 0.04% of Municipal Employees’ Retirement System Of Michigan’s portfolio. Alexandria Capital added CBK to its portfolio by purchasing 75 company shares during the most recent quarter which is valued at $195.First Midwest Bank Trust Division reduced its stake in CBK by selling 170 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 57,261 shares of CBK which is valued at $148,879. Christopher & Banks Corporation makes up approx 0.02% of First Midwest Bank Trust Division’s portfolio.Killen Group Inc reduced its stake in CBK by selling 274,982 shares or 16.86% in the most recent quarter. The Hedge Fund company now holds 1,356,241 shares of CBK which is valued at $3,526,227. Christopher & Banks Corporation makes up approx 0.49% of Killen Group Inc’s portfolio. Strs Ohio sold out all of its stake in CBK during the most recent quarter. The investment firm sold 32,800 shares of CBK which is valued $89,544.

Christopher & Banks Corporation opened for trading at $2.56 and hit $2.61 on the upside on Tuesday, eventually ending the session at $2.56, with a gain of 1.19% or 0.03 points. The heightened volatility saw the trading volume jump to 1,49,417 shares. Company has a market cap of $95 M.

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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