Cherokee (NASDAQ:CHKE) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday.
CHKE has been the subject of a number of other reports. B. Riley reiterated a “buy” rating on shares of Cherokee in a report on Wednesday, November 1st. Roth Capital decreased their price objective on Cherokee from $10.00 to $6.50 and set a “buy” rating for the company in a report on Thursday, September 28th. Zacks Investment Research downgraded Cherokee from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, FBR & Co reiterated a “buy” rating and set a $8.00 price objective on shares of Cherokee in a report on Wednesday, September 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $7.19.
Shares of Cherokee (NASDAQ CHKE) traded down $0.70 during trading on Wednesday, hitting $2.25. The company’s stock had a trading volume of 921,976 shares, compared to its average volume of 106,814. Cherokee has a 12 month low of $1.66 and a 12 month high of $11.75. The company has a market capitalization of $42.55, a P/E ratio of 27.73, a P/E/G ratio of 2.03 and a beta of 1.18.
Cherokee (NASDAQ:CHKE) last posted its quarterly earnings data on Wednesday, December 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.12). The firm had revenue of $11.04 million for the quarter, compared to the consensus estimate of $9.90 million. Cherokee had a positive return on equity of 1.52% and a negative net margin of 42.78%. The firm’s quarterly revenue was up 69.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) earnings per share. sell-side analysts predict that Cherokee will post 0.1 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of CHKE. Northpointe Capital LLC grew its holdings in shares of Cherokee by 35.5% during the second quarter. Northpointe Capital LLC now owns 948,873 shares of the company’s stock worth $6,595,000 after buying an additional 248,514 shares in the last quarter. Penn Capital Management Co. Inc. boosted its position in Cherokee by 65.3% during the second quarter. Penn Capital Management Co. Inc. now owns 516,718 shares of the company’s stock valued at $3,591,000 after purchasing an additional 204,146 shares during the last quarter. HCSF Management LLC boosted its position in Cherokee by 5.9% during the second quarter. HCSF Management LLC now owns 1,654,397 shares of the company’s stock valued at $11,498,000 after purchasing an additional 91,780 shares during the last quarter. Connors Investor Services Inc. boosted its position in Cherokee by 49.5% during the second quarter. Connors Investor Services Inc. now owns 220,646 shares of the company’s stock valued at $1,533,000 after purchasing an additional 73,052 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Cherokee by 23.9% during the second quarter. Dimensional Fund Advisors LP now owns 353,238 shares of the company’s stock valued at $2,455,000 after purchasing an additional 68,198 shares during the last quarter. Institutional investors and hedge funds own 61.46% of the company’s stock.
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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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