Cherokee Inc. (CHKE) Expected to Announce Earnings of $0.13 Per Share
Wall Street analysts expect that Cherokee Inc. (NASDAQ:CHKE) will report $0.13 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Cherokee’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.09. Cherokee reported earnings of $0.08 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 62.5%. The business is scheduled to report its next quarterly earnings results on Thursday, December 14th.
On average, analysts expect that Cherokee will report full-year earnings of $0.32 per share for the current year, with EPS estimates ranging from $0.24 to $0.40. For the next fiscal year, analysts anticipate that the company will post earnings of $0.55 per share, with EPS estimates ranging from $0.40 to $0.70. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Cherokee.
Cherokee (NASDAQ:CHKE) last announced its quarterly earnings data on Thursday, September 7th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.06). The firm had revenue of $14.00 million during the quarter, compared to analyst estimates of $7.81 million. Cherokee had a negative net margin of 42.78% and a positive return on equity of 1.52%. Cherokee’s revenue for the quarter was up 64.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS.
CHKE has been the subject of several recent analyst reports. ValuEngine upgraded shares of Cherokee from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. Zacks Investment Research cut shares of Cherokee from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 7th. FBR & Co restated an “outperform” rating and issued a $8.00 target price on shares of Cherokee in a research report on Tuesday, July 11th. Finally, Roth Capital decreased their target price on shares of Cherokee from $18.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Cherokee has a consensus rating of “Hold” and a consensus price target of $8.06.
Shares of Cherokee (NASDAQ:CHKE) traded down 1.49% during midday trading on Wednesday, reaching $3.30. 5,364 shares of the company were exchanged. Cherokee has a 52-week low of $2.90 and a 52-week high of $11.87. The company’s 50-day moving average price is $4.27 and its 200 day moving average price is $6.84. The stock’s market capitalization is $46.04 million.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Royce & Associates LP grew its position in Cherokee by 114.1% in the 1st quarter. Royce & Associates LP now owns 546,000 shares of the company’s stock worth $4,696,000 after purchasing an additional 291,000 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Cherokee in the 1st quarter worth about $538,000. Trellus Management Company LLC grew its position in Cherokee by 136.0% in the 2nd quarter. Trellus Management Company LLC now owns 75,000 shares of the company’s stock worth $521,000 after purchasing an additional 43,227 shares during the last quarter. Russell Investments Group Ltd. grew its position in Cherokee by 17.9% in the 1st quarter. Russell Investments Group Ltd. now owns 401,539 shares of the company’s stock worth $3,453,000 after purchasing an additional 60,867 shares during the last quarter. Finally, Cove Street Capital LLC grew its position in Cherokee by 6.5% in the 1st quarter. Cove Street Capital LLC now owns 2,581,189 shares of the company’s stock worth $22,198,000 after purchasing an additional 157,369 shares during the last quarter. Hedge funds and other institutional investors own 72.50% of the company’s stock.
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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