CAPROCK Group Inc. maintained its stake in shares of Cherokee Inc. (NASDAQ:CHKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,280 shares of the company’s stock at the end of the second quarter. CAPROCK Group Inc. owned about 0.22% of Cherokee worth $197,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Trellus Management Company LLC raised its stake in shares of Cherokee by 136.0% in the second quarter. Trellus Management Company LLC now owns 75,000 shares of the company’s stock worth $521,000 after buying an additional 43,227 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Cherokee during the first quarter worth approximately $538,000. Cove Street Capital LLC raised its stake in shares of Cherokee by 6.5% in the first quarter. Cove Street Capital LLC now owns 2,581,189 shares of the company’s stock worth $22,198,000 after buying an additional 157,369 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cherokee by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 285,040 shares of the company’s stock worth $2,451,000 after buying an additional 10,531 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of Cherokee by 114.1% in the first quarter. Royce & Associates LP now owns 546,000 shares of the company’s stock worth $4,696,000 after buying an additional 291,000 shares in the last quarter. Hedge funds and other institutional investors own 80.07% of the company’s stock.
Shares of Cherokee Inc. (NASDAQ CHKE) opened at 4.65 on Tuesday. The stock’s market cap is $60.22 million. The firm has a 50-day moving average price of $6.30 and a 200 day moving average price of $8.06. Cherokee Inc. has a 52-week low of $4.10 and a 52-week high of $11.98.
Cherokee (NASDAQ:CHKE) last released its quarterly earnings results on Thursday, July 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.13 by $0.20. The firm had revenue of $6.80 million for the quarter, compared to analyst estimates of $9.25 million. Cherokee had a positive return on equity of 6.32% and a negative net margin of 33.53%. The company’s quarterly revenue was down 36.4% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. Analysts expect that Cherokee Inc. will post $0.72 earnings per share for the current year.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Cherokee from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research report on Tuesday, July 11th. FBR & Co reiterated an “outperform” rating and issued a $8.00 target price on shares of Cherokee in a research report on Tuesday, July 11th. ValuEngine upgraded Cherokee from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. B. Riley reiterated a “neutral” rating and issued a $9.00 target price on shares of Cherokee in a research report on Wednesday, May 17th. Finally, Roth Capital set a $18.00 target price on Cherokee and gave the company a “buy” rating in a research report on Saturday, May 13th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Cherokee has an average rating of “Buy” and an average price target of $11.65.
In other news, major shareholder Strategic Opportunit Headlands purchased 91,780 shares of the business’s stock in a transaction on Friday, May 12th. The shares were bought at an average price of $8.50 per share, with a total value of $780,130.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.20% of the company’s stock.
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.
Want to see what other hedge funds are holding CHKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cherokee Inc. (NASDAQ:CHKE).
Receive News & Ratings for Cherokee Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cherokee Inc. and related companies with MarketBeat.com's FREE daily email newsletter.