Shares of Cherokee Inc. (NASDAQ:CHKE) hit a new 52-week low on Wednesday . The stock traded as low as $2.05 and last traded at $2.13, with a volume of 167,693 shares trading hands. The stock had previously closed at $2.25.

Several equities analysts have recently issued reports on CHKE shares. Zacks Investment Research raised Cherokee from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Tuesday, July 11th. Roth Capital reduced their target price on Cherokee from $10.00 to $6.50 and set a “buy” rating on the stock in a research note on Thursday, September 28th. Finally, FBR & Co reissued an “outperform” rating and set a $8.00 target price on shares of Cherokee in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.19.

Cherokee (NASDAQ:CHKE) last issued its quarterly earnings results on Thursday, September 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ 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. Cherokee’s revenue was up 64.7% on a year-over-year basis.

Several hedge funds have recently modified their holdings of the stock. Northern Trust Corp increased its holdings in Cherokee by 1.7% during the 2nd quarter. Northern Trust Corp now owns 30,839 shares of the company’s stock worth $215,000 after purchasing an additional 504 shares during the period. Martin & Co. Inc. TN increased its holdings in Cherokee by 1.3% during the 2nd quarter. Martin & Co. Inc. TN now owns 60,355 shares of the company’s stock worth $419,000 after purchasing an additional 800 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Cherokee by 3.6% during the 2nd 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 during the period. Punch & Associates Investment Management Inc. increased its holdings in Cherokee by 2.5% during the 2nd 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 during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Cherokee by 3.8% during the 1st 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 during the period. 70.75% of the stock is owned by hedge funds and other institutional investors.

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About Cherokee

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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