Cherokee Inc. (CHKE) Trading Up 52.6%

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

A number of research analysts recently issued reports on CHKE shares. FBR & Co reiterated a “buy” rating and issued a $8.00 price target on shares of Cherokee in a research note on Wednesday, September 6th. Roth Capital decreased their price target 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 downgraded shares of Cherokee from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, B. Riley reiterated a “buy” rating on shares of Cherokee in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $7.19.

The stock has a market capitalization of $26.50, a P/E ratio of 17.27, a PEG ratio of 0.75 and a beta of 1.06.

Cherokee (NASDAQ:CHKE) last issued 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). The firm had revenue of $14.00 million during the quarter, compared to analysts’ expectations of $7.81 million. Cherokee had a positive return on equity of 1.52% and a negative net margin of 42.78%. The firm’s revenue was up 64.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. equities research analysts predict that Cherokee Inc. will post 0.17 EPS for the current year.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Cherokee by 14.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 403,768 shares of the company’s stock worth $1,110,000 after buying an additional 50,530 shares during the last quarter. Trellus Management Company LLC lifted its position in shares of Cherokee by 53.3% during the 3rd quarter. Trellus Management Company LLC now owns 115,000 shares of the company’s stock worth $316,000 after buying an additional 40,000 shares during the last quarter. Martin & Co. Inc. TN lifted its position in shares of Cherokee by 1.3% during the 2nd quarter. Martin & Co. Inc. TN now owns 60,355 shares of the company’s stock worth $419,000 after buying an additional 800 shares during the last quarter. HCSF Management LLC lifted its position in shares of Cherokee by 5.9% during the 2nd quarter. HCSF Management LLC now owns 1,654,397 shares of the company’s stock worth $11,498,000 after buying an additional 91,780 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its position in shares of Cherokee by 2.5% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 314,050 shares of the company’s stock worth $2,183,000 after buying an additional 7,700 shares during 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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