Published On: Tue, Sep 13th, 2016

Cherokee (CHKE) – Research Analysts’ Recent Ratings Changes

Cherokee (NASDAQ: CHKE) recently received a number of ratings updates from brokerages and research firms:

9/12/2016 – Cherokee had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $20.00 price target on the stock.
9/12/2016 – Cherokee was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Cherokee Inc. is a marketer and licensor of Cherokee and Sideout brand products, is continuing its negotiations for domestic and international licensing contracts covering multiple categories of merchandise. Cherokee currently has licensing agreements in many categories, including family apparel and fashion accessories, as well as luggage, cosmetics and footwear. (PRESS RELEASE) “
9/9/2016 – Cherokee had its price target lowered by analysts at Wunderlich from $26.00 to $18.00. They now have a “buy” rating on the stock.
9/7/2016 – Cherokee had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $23.00 price target on the stock.
8/15/2016 – Cherokee was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Cherokee Inc. is a marketer and licensor of Cherokee and Sideout brand products, is continuing its negotiations for domestic and international licensing contracts covering multiple categories of merchandise. Cherokee currently has licensing agreements in many categories, including family apparel and fashion accessories, as well as luggage, cosmetics and footwear. (PRESS RELEASE) “

Shares of Cherokee Inc. (NASDAQ:CHKE) traded down 4.29% during mid-day trading on Tuesday, reaching $9.59. 71,469 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $11.04 and a 200 day moving average price of $13.91. The stock has a market cap of $83.55 million, a price-to-earnings ratio of 12.00 and a beta of 0.90. Cherokee Inc. has a 52 week low of $9.29 and a 52 week high of $19.73.
Cherokee (NASDAQ:CHKE) last announced its quarterly earnings results on Thursday, September 8th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Cherokee had a return on equity of 20.07% and a net margin of 20.10%. The business earned $8.50 million during the quarter, compared to analysts’ expectations of $8.98 million. During the same quarter last year, the business posted $1.47 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts predict that Cherokee Inc. will post $0.74 EPS for the current year.

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In related news, major shareholder Strategic Opportunit Headlands acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 6th. The stock was purchased at an average price of $11.00 per share, for a total transaction of $110,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jess M. Ravich acquired 13,130 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The shares were bought at an average price of $12.70 per share, with a total value of $166,751.00. Following the transaction, the director now owns 225,916 shares in the company, valued at approximately $2,869,133.20. The disclosure for this purchase can be found here. Corporate insiders own 10.50% of the company’s stock.
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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