Published On: Wed, Sep 7th, 2016

Cherokee Inc. (CHKE) Set to Announce Quarterly Earnings on Thursday

Cherokee Inc. (NASDAQ:CHKE) is scheduled to post its quarterly earnings results after the market closes on Thursday, September 8th. Analysts expect Cherokee to post earnings of $0.20 per share for the quarter.
Cherokee (NASDAQ:CHKE) last posted its earnings results on Thursday, June 9th. The company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.10. The business earned $10.70 million during the quarter. During the same period in the prior year, the company earned $0.41 EPS. Cherokee’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts expect Cherokee to post $0.74 EPS for the current fiscal year and $0.81 EPS for the next fiscal year.
Several research firms have issued reports on CHKE. B. Riley reiterated a “buy” rating and set a $23.00 target price on shares of Cherokee in a research report on Wednesday. Roth Capital restated a “buy” rating on shares of Cherokee in a report on Monday, June 13th. Zacks Investment Research cut Cherokee from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 14th. Finally, TheStreet cut Cherokee from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.75.

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Shares of Cherokee Inc. (NASDAQ:CHKE) opened at 10.80 on Wednesday. The stock has a market cap of $94.18 million and a P/E ratio of 12.98. The firm has a 50-day moving average price of $11.17 and a 200-day moving average price of $14.11. Cherokee Inc. has a 52-week low of $10.21 and a 52-week high of $25.90.
In other Cherokee news, major shareholder Strategic Opportunit Headlands purchased 10,000 shares of Cherokee stock in a transaction on Friday, July 29th. The shares were bought at an average price of $10.38 per share, with a total value of $103,800.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jess M. Ravich purchased 13,130 shares of Cherokee stock in a transaction on Wednesday, June 15th. The shares were acquired at an average cost of $12.70 per share, for a total transaction of $166,751.00. Following the purchase, the director now owns 225,916 shares in the company, valued at $2,869,133.20. The disclosure for this purchase can be found here.
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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