Cherokee Inc. (CHKE) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS
Cherokee Inc. (NASDAQ:CHKE) issued its quarterly earnings data on Thursday. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.06, Briefing.com reports. The company had revenue of $14 million during the quarter, compared to the consensus estimate of $7.81 million. Cherokee had a negative net margin of 33.53% and a positive return on equity of 5.92%. Cherokee’s revenue for the quarter was up 64.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 earnings per share.
Shares of Cherokee (CHKE) traded down 1.06% during midday trading on Thursday, reaching $4.65. 73,371 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $4.74 and a 200 day moving average price of $7.19. Cherokee has a 12 month low of $3.90 and a 12 month high of $11.87. The company’s market cap is $60.46 million.
Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Cherokee from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. Zacks Investment Research upgraded shares of Cherokee from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research note on Tuesday, July 11th. B. Riley restated a “neutral” rating and issued a $9.00 price target on shares of Cherokee in a research note on Wednesday, May 17th. Roth Capital decreased their price target on shares of Cherokee from $18.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 21st. Finally, FBR & Co restated an “outperform” rating and issued a $8.00 price target on shares of Cherokee in a research note on Tuesday, July 11th. 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. The company has a consensus rating of “Buy” and a consensus price target of $10.05.
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A hedge fund recently raised its stake in Cherokee stock. Northern Trust Corp lifted its holdings in shares of Cherokee Inc. (NASDAQ:CHKE) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,839 shares of the company’s stock after purchasing an additional 504 shares during the quarter. Northern Trust Corp owned 0.24% of Cherokee worth $215,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.
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