Cherokee Inc. (CHKE) Trading Up 52.6%

Shares of Cherokee Inc. (NASDAQ:CHKE) were up 52.6% during trading on Tuesday . The stock traded as high as $3.05 and last traded at $2.90. Approximately 1,177,300 shares changed hands during trading, an increase of 1,047% from the average daily volume of 102,615 shares. The stock had previously closed at $1.90.

Several analysts recently commented on CHKE shares. FBR & Co reaffirmed a “buy” rating and set a $8.00 target price on shares of Cherokee in a report on Wednesday, September 6th. Roth Capital reduced their target price on shares of Cherokee from $18.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 21st. Zacks Investment Research downgraded shares of Cherokee from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, B. Riley reaffirmed a “buy” rating on shares of Cherokee in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $7.19.

The firm has a market cap of $36.97, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.77 and a beta of 1.06.

Cherokee (NASDAQ:CHKE) last issued its quarterly earnings data on Thursday, September 7th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). Cherokee had a positive return on equity of 1.52% and a negative net margin of 42.78%. The business had revenue of $14.00 million during the quarter, compared to analyst estimates of $7.81 million. During the same quarter last year, the firm earned $0.22 EPS. Cherokee’s revenue for the quarter was up 64.7% compared to the same quarter last year. analysts predict that Cherokee Inc. will post 0.1 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. HCSF Management LLC raised its stake in Cherokee by 5.9% in the 2nd quarter. HCSF Management LLC now owns 1,654,397 shares of the company’s stock worth $11,498,000 after purchasing an additional 91,780 shares in the last quarter. Northpointe Capital LLC raised its stake in Cherokee by 35.5% in the 2nd quarter. Northpointe Capital LLC now owns 948,873 shares of the company’s stock worth $6,595,000 after purchasing an additional 248,514 shares in the last quarter. Penn Capital Management Co. Inc. raised its stake in Cherokee by 65.3% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 516,718 shares of the company’s stock worth $3,591,000 after purchasing an additional 204,146 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Cherokee by 14.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 403,768 shares of the company’s stock worth $1,110,000 after purchasing an additional 50,530 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its stake in Cherokee by 2.5% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 314,050 shares of the company’s stock worth $2,183,000 after purchasing an additional 7,700 shares in the last quarter. Institutional investors and hedge funds own 67.70% of the company’s stock.

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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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