Roth Capital reiterated their neutral rating on shares of Cherokee (NASDAQ:CHKE) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The brokerage currently has a $20.00 price target on the stock.
CHKE has been the subject of several other reports. Zacks Investment Research raised Cherokee from a hold rating to a buy rating and set a $0.75 target price for the company in a report on Tuesday, May 1st. ValuEngine raised Cherokee from a sell rating to a hold rating in a report on Monday, April 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $9.58.
Cherokee opened at $0.80 on Friday, MarketBeat Ratings reports. The company has a market cap of $10.94 million, a PE ratio of -1.13 and a beta of 1.04. Cherokee has a 52 week low of $0.62 and a 52 week high of $7.75.
Cherokee (NASDAQ:CHKE) last posted its earnings results on Thursday, June 14th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.11). The company had revenue of $5.40 million for the quarter, compared to the consensus estimate of $5.22 million. Cherokee had a negative net margin of 148.80% and a negative return on equity of 21.36%. During the same period last year, the company posted ($0.07) earnings per share.
An institutional investor recently raised its position in Cherokee stock. First Wilshire Securities Management Inc. lifted its holdings in shares of Cherokee Inc (NASDAQ:CHKE) by 200.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,000 shares of the company’s stock after buying an additional 60,000 shares during the period. First Wilshire Securities Management Inc. owned approximately 0.65% of Cherokee worth $171,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 59.92% of the company’s stock.
Cherokee Company Profile
Cherokee Inc markets, manages, and licenses fashion and lifestyle brands for apparel, footwear, home products, and accessories worldwide. It owns or represents Cherokee, Hi-Tec, Magnum, 50 Peaks, Interceptor, Hawk Signature, Tony Hawk, Liz Lange, Completely Me by Liz Lange, Flip Flop Shops, Everyday California, Carole Little, Sideout, and other brands, as well as Saint Tropez-West, Chorus Line, All That Jazz, and Sideout Sport names.
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