Cherokee Inc (NASDAQ:CHKE) Director John Mcclain bought 10,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was acquired at an average cost of $2.04 per share, for a total transaction of $20,400.00. Following the purchase, the director now owns 27,977 shares of the company’s stock, valued at $57,073.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Cherokee Inc (CHKE) traded down $0.05 during trading hours on Friday, reaching $2.00. 105,789 shares of the company’s stock traded hands, compared to its average volume of 153,822. Cherokee Inc has a 1 year low of $1.66 and a 1 year high of $11.15. The company has a market capitalization of $28.60, a P/E ratio of -1.14 and a beta of 1.18.
Cherokee (NASDAQ:CHKE) last issued its earnings results on Wednesday, December 6th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.12). Cherokee had a negative net margin of 42.20% and a negative return on equity of 0.68%. The firm had revenue of $11.04 million during the quarter, compared to the consensus estimate of $9.90 million. During the same period in the previous year, the company posted ($0.10) EPS. The firm’s revenue for the quarter was up 69.9% on a year-over-year basis. equities research analysts predict that Cherokee Inc will post -0.1 earnings per share for the current year.
Several brokerages have weighed in on CHKE. B. Riley reaffirmed a “buy” rating on shares of Cherokee in a research note on Wednesday, November 1st. ValuEngine upgraded shares of Cherokee from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research lowered shares of Cherokee from a “hold” rating to a “strong sell” rating in a report on Monday, December 11th. Roth Capital cut their price objective on shares of Cherokee from $10.00 to $6.50 and set a “buy” rating on the stock in a report on Thursday, September 28th. Finally, FBR & Co restated a “buy” rating and issued a $8.00 price objective on shares of Cherokee in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Cherokee currently has a consensus rating of “Buy” and a consensus target price of $7.19.
Large investors have recently modified their holdings of the business. Northern Trust Corp lifted its stake in Cherokee by 1.7% in the second quarter. Northern Trust Corp now owns 30,839 shares of the company’s stock valued at $215,000 after acquiring an additional 504 shares during the last quarter. Marathon Capital Management acquired a new stake in Cherokee in the second quarter valued at $287,000. Martin & Co. Inc. TN lifted its stake in Cherokee by 1.3% in the second quarter. Martin & Co. Inc. TN now owns 60,355 shares of the company’s stock valued at $419,000 after acquiring an additional 800 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Cherokee by 3.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 64,827 shares of the company’s stock valued at $451,000 after acquiring an additional 2,258 shares during the last quarter. Finally, Trellus Management Company LLC lifted its stake in shares of Cherokee by 53.3% during the 3rd quarter. Trellus Management Company LLC now owns 115,000 shares of the company’s stock worth $316,000 after buying an additional 40,000 shares during the last quarter. 61.46% of the stock is owned by hedge funds and other institutional investors.
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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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