Cherokee (CHKE) Releases Quarterly Earnings Results, Misses Expectations By $0.12 EPS
Cherokee (NASDAQ:CHKE) released its quarterly earnings data on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.12), Bloomberg Earnings reports. Cherokee had a negative net margin of 42.78% and a positive return on equity of 1.52%. The business had revenue of $11.04 million during the quarter, compared to analyst estimates of $9.90 million. During the same period in the previous year, the firm posted ($0.10) EPS. The firm’s revenue for the quarter was up 69.9% on a year-over-year basis.
Cherokee (NASDAQ:CHKE) opened at $2.25 on Thursday. Cherokee has a twelve month low of $1.66 and a twelve month high of $11.75. The stock has a market cap of $41.15, a PE ratio of 26.82, a PEG ratio of 1.97 and a beta of 1.18.
CHKE has been the subject of several analyst reports. Roth Capital reduced their price objective on shares of Cherokee from $18.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 21st. Zacks Investment Research lowered shares of Cherokee from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. FBR & Co reiterated a “buy” rating and issued a $8.00 target price on shares of Cherokee in a report on Wednesday, September 6th. B. Riley reiterated a “buy” rating on shares of Cherokee in a report on Wednesday, November 1st. Finally, ValuEngine upgraded shares of Cherokee from a “hold” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $7.19.
A hedge fund recently raised its stake in Cherokee stock. Northern Trust Corp raised its stake in shares of Cherokee Inc (NASDAQ:CHKE) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 30,839 shares of the company’s stock after purchasing an additional 504 shares during the quarter. Northern Trust Corp owned 0.24% of Cherokee worth $215,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 61.46% of the company’s stock.
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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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