285,000 Shares in Christopher & Banks Corporation (CBK) Acquired by Cumberland Partners Ltd

Cumberland Partners Ltd acquired a new stake in shares of Christopher & Banks Corporation (NYSE:CBK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 285,000 shares of the specialty retailer’s stock, valued at approximately $388,000. Cumberland Partners Ltd owned 0.75% of Christopher & Banks Corporation at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp raised its holdings in shares of Christopher & Banks Corporation by 1.5% during the second quarter. Northern Trust Corp now owns 106,505 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 1,619 shares during the period. First Midwest Bank Trust Division raised its holdings in shares of Christopher & Banks Corporation by 1.5% in the 2nd quarter. First Midwest Bank Trust Division now owns 246,220 shares of the specialty retailer’s stock worth $323,000 after acquiring an additional 3,718 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Christopher & Banks Corporation by 8.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 85,073 shares of the specialty retailer’s stock worth $111,000 after acquiring an additional 6,474 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Christopher & Banks Corporation by 14.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 77,314 shares of the specialty retailer’s stock worth $101,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Christopher & Banks Corporation by 21.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 78,888 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 13,797 shares during the last quarter. Hedge funds and other institutional investors own 43.38% of the company’s stock.

A number of research firms recently weighed in on CBK. Zacks Investment Research lowered shares of Christopher & Banks Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. ValuEngine upgraded shares of Christopher & Banks Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th.

Christopher & Banks Corporation (NYSE:CBK) last posted its quarterly earnings data on Tuesday, August 29th. The specialty retailer reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. Christopher & Banks Corporation had a negative net margin of 6.90% and a negative return on equity of 34.64%. The business had revenue of $86.60 million for the quarter, compared to analyst estimates of $87.18 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Christopher & Banks Corporation’s quarterly revenue was down 3.7% on a year-over-year basis.

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Christopher & Banks Corporation Company Profile

Christopher & Banks Corporation is a national specialty retailer featuring private-brand women’s apparel and accessories. The Company offers its customers an assortment of clothing for everyday needs. Its merchandise assortments include designs 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.

Institutional Ownership by Quarter for Christopher & Banks Corporation (NYSE:CBK)

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