Somewhat Favorable News Coverage Somewhat Unlikely to Affect Cherokee (CHKE) Stock Price
Press coverage about Cherokee (NASDAQ:CHKE) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cherokee earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.0644544701609 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Cherokee (NASDAQ:CHKE) traded down 5.17% during midday trading on Friday, hitting $2.75. 178,963 shares of the stock were exchanged. The stock’s market cap is $38.36 million. The company’s 50 day moving average is $4.27 and its 200-day moving average is $6.84. Cherokee has a 1-year low of $2.75 and a 1-year high of $11.87.
Cherokee (NASDAQ:CHKE) last announced its quarterly earnings results on Thursday, September 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Cherokee had a negative return on equity of 27.41% and a negative net margin of 33.14%. The firm had revenue of $14.00 million during the quarter, compared to the consensus estimate of $7.81 million. During the same period last year, the business earned $0.22 EPS. Cherokee’s revenue was up 64.7% on a year-over-year basis. On average, analysts expect that Cherokee will post $0.17 earnings per share for the current year.
Several research analysts have commented on CHKE shares. Zacks Investment Research downgraded Cherokee from a “strong-buy” rating to a “hold” rating in a report on Friday, July 7th. FBR & Co reissued an “outperform” rating and issued a $8.00 price target on shares of Cherokee in a research note on Tuesday, July 11th. Finally, Roth Capital decreased their price target on Cherokee from $18.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.19.
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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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