Cherokee (NASDAQ:CHKE) issued its earnings results on Wednesday. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.12), Bloomberg Earnings reports. The firm had revenue of $11.04 million for the quarter, compared to analyst estimates of $9.90 million. Cherokee had a positive return on equity of 1.52% and a negative net margin of 42.78%. The business’s revenue for the quarter was up 69.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.10) EPS.

Shares of Cherokee (NASDAQ CHKE) traded down $0.10 on Wednesday, reaching $2.95. 77,300 shares of the company were exchanged, compared to its average volume of 103,330. Cherokee has a 52-week low of $1.66 and a 52-week high of $11.75. The stock has a market capitalization of $42.55, a PE ratio of 27.73, a PEG ratio of 2.03 and a beta of 1.18.

A number of equities analysts recently commented on the stock. FBR & Co reiterated a “buy” rating and set a $8.00 target price on shares of Cherokee in a research note on Wednesday, September 6th. Roth Capital reduced their price target 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. Zacks Investment Research cut shares of Cherokee from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, B. Riley reissued a “buy” rating on shares of Cherokee in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $7.19.

A hedge fund recently raised its stake in Cherokee stock. Northern Trust Corp boosted its stake in Cherokee Inc (NASDAQ:CHKE) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,839 shares of the company’s stock after acquiring an additional 504 shares during the period. Northern Trust Corp owned about 0.24% of Cherokee worth $215,000 as of its most recent SEC filing. 61.46% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History for Cherokee (NASDAQ:CHKE)

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