Cherokee Inc. (NASDAQ:CHKE) major shareholder Strategic Opportunit Headlands bought 10,000 shares of Cherokee stock in a transaction dated Tuesday, September 13th. The stock was acquired at an average price of $9.42 per share, for a total transaction of $94,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Strategic Opportunit Headlands also recently made the following trade(s):
On Friday, July 29th, Strategic Opportunit Headlands bought 10,000 shares of Cherokee stock. The stock was acquired at an average price of $10.38 per share, for a total transaction of $103,800.00.
On Wednesday, July 6th, Strategic Opportunit Headlands bought 10,000 shares of Cherokee stock. The stock was acquired at an average price of $11.00 per share, for a total transaction of $110,000.00.
Cherokee Inc. (NASDAQ:CHKE) opened at 10.01 on Friday. The company’s 50 day moving average is $10.93 and its 200-day moving average is $13.81. The stock has a market capitalization of $87.21 million, a PE ratio of 12.53 and a beta of 0.90. Cherokee Inc. has a 1-year low of $9.29 and a 1-year high of $19.73.
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Cherokee (NASDAQ:CHKE) last posted its quarterly earnings data on Thursday, September 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The business had revenue of $8.50 million for the quarter, compared to the consensus estimate of $8.98 million. Cherokee had a net margin of 20.10% and a return on equity of 20.07%. The company’s revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. Analysts forecast that Cherokee Inc. will post $0.74 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CHKE shares. Roth Capital restated a “buy” rating on shares of Cherokee in a report on Monday, June 13th. B. Riley reaffirmed a “buy” rating and set a $23.00 price target on shares of Cherokee in a research note on Friday, June 10th. Wunderlich dropped their price target on shares of Cherokee from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, September 9th. Zacks Investment Research raised shares of Cherokee from a “sell” rating to a “hold” rating in a research note on Monday, August 15th. Finally, TheStreet cut shares of Cherokee from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.00.
Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in Cherokee by 34.7% in the first quarter. Envestnet Asset Management Inc. now owns 10,264 shares of the company’s stock valued at $183,000 after buying an additional 2,645 shares during the last quarter. Alpine Partners VI LLC bought a new position in Cherokee during the second quarter valued at about $133,000. Alambic Investment Management L.P. bought a new position in Cherokee during the second quarter valued at about $176,000. Oxford Asset Management bought a new position in Cherokee during the second quarter valued at about $177,000. Finally, Menta Capital LLC increased its position in Cherokee by 1.8% in the second quarter. Menta Capital LLC now owns 16,637 shares of the company’s stock valued at $185,000 after buying an additional 300 shares during the last quarter. 84.69% of the stock is currently owned by institutional investors and hedge funds.
Cherokee Company Profile
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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