HCSF Management LLC Has $11.50 Million Stake in Cherokee Inc. (CHKE)
HCSF Management LLC grew its stake in Cherokee Inc. (NASDAQ:CHKE) by 5.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,654,397 shares of the company’s stock after purchasing an additional 91,780 shares during the period. Cherokee makes up approximately 8.3% of HCSF Management LLC’s holdings, making the stock its 8th largest holding. HCSF Management LLC owned approximately 12.77% of Cherokee worth $11,498,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in shares of Cherokee by 1.7% in the 2nd quarter. Northern Trust Corp now owns 30,839 shares of the company’s stock valued at $215,000 after purchasing an additional 504 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Cherokee by 3.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 64,827 shares of the company’s stock valued at $451,000 after purchasing an additional 2,258 shares during the period. Punch & Associates Investment Management Inc. grew its stake in shares of Cherokee by 2.5% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 314,050 shares of the company’s stock valued at $2,183,000 after purchasing an additional 7,700 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Cherokee by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 285,040 shares of the company’s stock valued at $2,451,000 after purchasing an additional 10,531 shares during the period. Finally, Oxford Asset Management grew its stake in shares of Cherokee by 42.0% in the 1st quarter. Oxford Asset Management now owns 84,049 shares of the company’s stock valued at $723,000 after purchasing an additional 24,866 shares during the period. Institutional investors own 72.50% of the company’s stock.
Cherokee Inc. (NASDAQ CHKE) traded down 3.45% during midday trading on Friday, hitting $2.10. The stock had a trading volume of 80,067 shares. Cherokee Inc. has a 1-year low of $2.10 and a 1-year high of $11.87. The company’s market cap is $29.30 million. The company’s 50 day moving average is $3.67 and its 200 day moving average is $6.37.
Cherokee (NASDAQ:CHKE) last announced its earnings results on Thursday, September 7th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.06). Cherokee had a positive return on equity of 1.52% and a negative net margin of 42.78%. The business had revenue of $14.00 million for the quarter, compared to the consensus estimate of $7.81 million. During the same period in the prior year, the business posted $0.22 earnings per share. The firm’s revenue for the quarter was up 64.7% compared to the same quarter last year. On average, equities analysts anticipate that Cherokee Inc. will post $0.17 earnings per share for the current fiscal year.
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Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Cherokee from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 7th. FBR & Co reiterated an “outperform” rating and issued a $8.00 price objective on shares of Cherokee in a research note on Tuesday, July 11th. Finally, Roth Capital lowered their price objective on Cherokee from $18.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $7.19.
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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