Cherokee Inc. (CHKE) Receives Buy Rating from FBR & Co
A number of other research analysts also recently issued reports on CHKE. Zacks Investment Research raised Cherokee from a sell rating to a hold rating in a report on Wednesday, May 10th. B. Riley reissued a neutral rating and issued a $9.00 target price on shares of Cherokee in a report on Friday, May 12th. Roth Capital set a $18.00 target price on Cherokee and gave the company a buy rating in a report on Saturday, May 13th. Finally, ValuEngine raised Cherokee from a hold rating to a buy rating in a report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $10.05.
Shares of Cherokee (NASDAQ:CHKE) traded down 1.7808% during midday trading on Wednesday, hitting $4.6163. 14,933 shares of the stock traded hands. Cherokee has a 52 week low of $3.90 and a 52 week high of $11.87. The firm’s 50-day moving average is $4.74 and its 200 day moving average is $7.19. The company’s market capitalization is $60.02 million.
Cherokee (NASDAQ:CHKE) last announced its quarterly earnings results on Thursday, July 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by $0.20. The business had revenue of $6.80 million for the quarter, compared to the consensus estimate of $9.25 million. Cherokee had a negative net margin of 33.53% and a positive return on equity of 5.92%. The company’s revenue for the quarter was down 36.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. Equities analysts forecast that Cherokee will post $0.43 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp grew its position in shares of Cherokee by 1.7% during the second quarter. Northern Trust Corp now owns 30,839 shares of the company’s stock worth $215,000 after purchasing an additional 504 shares in the last quarter. Martin & Co. Inc. TN grew its position in shares of Cherokee by 1.3% during the second quarter. Martin & Co. Inc. TN now owns 60,355 shares of the company’s stock worth $419,000 after purchasing an additional 800 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Cherokee by 3.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 64,827 shares of the company’s stock worth $451,000 after purchasing an additional 2,258 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in shares of Cherokee by 2.5% during the second quarter. Punch & Associates Investment Management Inc. now owns 314,050 shares of the company’s stock worth $2,183,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Cherokee by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 285,040 shares of the company’s stock worth $2,451,000 after purchasing an additional 10,531 shares in the last quarter. Institutional investors and hedge funds own 77.80% of the company’s stock.
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.
Receive News & Stock Ratings for Cherokee Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cherokee Inc. and related stocks with our FREE daily email newsletter.