Cherokee Inc. (NASDAQ:CHKE) Receives Consensus Rating of “Buy” from Brokerages
Shares of Cherokee Inc. (NASDAQ:CHKE) have received an average recommendation of “Buy” from the six analysts that are currently covering the stock. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $19.00.
A number of equities research analysts have recently commented on CHKE shares. B. Riley reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Cherokee in a research note on Friday, June 10th. Roth Capital reissued a “buy” rating on shares of Cherokee in a research note on Monday, June 13th. Zacks Investment Research lowered shares of Cherokee from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 14th. TheStreet lowered shares of Cherokee from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Finally, Wunderlich cut their target price on shares of Cherokee from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, September 9th.
In other Cherokee news, major shareholder Strategic Opportunit Headlands acquired 10,000 shares of the stock in a transaction on Friday, July 29th. The shares were purchased at an average price of $10.38 per share, for a total transaction of $103,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHKE. Paloma Partners Management Co acquired a new position in Cherokee during the second quarter valued at $357,000. Diker Management LLC acquired a new position in Cherokee during the second quarter valued at $230,000. Menta Capital LLC increased its position in Cherokee by 1.8% in the second quarter. Menta Capital LLC now owns 16,637 shares of the company’s stock valued at $185,000 after buying an additional 300 shares during the last quarter. Alpine Partners VI LLC acquired a new position in Cherokee during the second quarter valued at $133,000. Finally, Laurion Capital Management LP acquired a new position in Cherokee during the second quarter valued at $276,000. Hedge funds and other institutional investors own 84.78% of the company’s stock.
Shares of Cherokee (NASDAQ:CHKE) traded down 2.01% on Wednesday, hitting $10.26. 27,791 shares of the stock were exchanged. The stock has a market cap of $89.39 million, a price-to-earnings ratio of 12.84 and a beta of 0.90. Cherokee has a 1-year low of $9.29 and a 1-year high of $19.73. The stock’s 50-day moving average is $10.80 and its 200-day moving average is $13.35.
Cherokee (NASDAQ:CHKE) last posted its quarterly earnings data on Thursday, September 8th. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. Cherokee had a net margin of 20.10% and a return on equity of 20.07%. The company had revenue of $8.50 million for the quarter, compared to analyst estimates of $8.98 million. During the same period in the prior year, the firm posted $1.47 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis. Analysts forecast that Cherokee will post $0.65 earnings per share for the current year.
Cherokee Company Profile
Cherokee Inc is a marketer and manager of a portfolio of fashion and lifestyle brands it owns or represents, licensing the Cherokee, Liz Lange, Completely Me by Liz Lange, Hawk, Tony Hawk, Sideout, Carole Little, Everyday California , Flip Flop Shops and ale by alessandra brands and related brands in various consumer product categories and sectors.
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