Cherokee Inc. (NASDAQ:CHKE) had its price objective lowered by Roth Capital from $18.00 to $10.00 in a research note published on Monday morning. The brokerage currently has a buy rating on the stock.
A number of other analysts also recently weighed in on CHKE. B. Riley reaffirmed a neutral rating and set a $9.00 price target on shares of Cherokee in a report on Friday, May 12th. FBR & Co reaffirmed an outperform rating and set a $8.00 price target on shares of Cherokee in a report on Tuesday, July 11th. ValuEngine raised shares of Cherokee from a hold rating to a buy rating in a report on Thursday, June 1st. Finally, Zacks Investment Research raised shares of Cherokee from a hold rating to a buy rating and set a $5.25 price target for the company in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $10.05.
Cherokee (CHKE) opened at 3.95 on Monday. The company’s market capitalization is $51.36 million. The company has a 50-day moving average price of $5.07 and a 200-day moving average price of $7.50. Cherokee has a one year low of $3.90 and a one year high of $11.98.
Cherokee (NASDAQ:CHKE) last issued its quarterly earnings results on Thursday, July 6th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.20. Cherokee had a positive return on equity of 6.32% and a negative net margin of 33.53%. The firm had revenue of $6.80 million for the quarter, compared to the consensus estimate of $9.25 million. During the same period last year, the company posted $0.34 EPS. The business’s revenue was down 36.4% on a year-over-year basis. Equities research analysts anticipate that Cherokee will post $0.55 EPS for the current year.
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Several hedge funds have recently modified their holdings of the company. Northern Trust Corp increased its position in shares of 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 buying an additional 504 shares during the last quarter. Trellus Management Company LLC increased its position in shares of Cherokee by 203.2% in the first quarter. Trellus Management Company LLC now owns 31,773 shares of the company’s stock valued at $273,000 after buying an additional 21,293 shares during the last quarter. Marathon Capital Management bought a new position in shares of Cherokee during the second quarter valued at approximately $287,000. Martin & Co. Inc. TN increased its position in shares of 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 buying an additional 800 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Cherokee during the first quarter valued at approximately $538,000. 81.88% of the stock is owned by institutional investors.
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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