Christopher & Banks Corporation (CBK) Releases Earnings Results, Beats Expectations By $0.04 EPS

Christopher & Banks Corporation (CBK) announced its most recent quarterly financial results on Thursday, Dec-1-2016. CBK said it had a profit of $0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.05. The company posted revenue of $106.70 million in the period, compared to analysts expectations of $106.20 million. During the same quarter in the previous year, the company posted $-0.01 EPS.

Christopher & Banks Corporation (CBK) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $1.76 and reached the intraday high at $1.76. The bulls started the profit booking and pushed the shares to intraday low of $1.68. The trading session was marked by a volume range of 1,30,171 shares exchanging hands. The 52-week high of the shares is $3.02 and the 52-week low is $0.9601. The market cap of the company stands at $65 M and there are 3,72,39,844 shares in public circulation.

In a different news, on Dec 21, 2015, Patricia Stensrud (director) purchased 1,000 shares at $1.27 per share price. According to the SEC, on Dec 18, 2015, Luke Komarek (SVP, General Counsel) purchased 4,500 shares at $1.14 per share price. On Dec 18, 2015, William F. Iii Sharpe (director) purchased 5,000 shares at $1.10 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Christopher & Banks Corporation

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