Cherokee (CHKE) Announces Earnings Results

Cherokee (NASDAQ:CHKE) released its quarterly earnings data on Wednesday, December 6th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.12), Bloomberg Earnings reports. Cherokee had a negative net margin of 42.20% and a negative return on equity of 0.68%. The company had revenue of $11.04 million during the quarter, compared to analyst estimates of $9.90 million. During the same period in the previous year, the company posted ($0.10) EPS. The company’s quarterly revenue was up 69.9% compared to the same quarter last year.

Cherokee (CHKE) remained flat at $$1.90 during trading hours on Friday. 136,277 shares of the stock were exchanged, compared to its average volume of 147,920. Cherokee has a twelve month low of $1.66 and a twelve month high of $11.15. The firm has a market capitalization of $26.51, a P/E ratio of -1.08 and a beta of 1.18.

An institutional investor recently raised its position in Cherokee stock. Northern Trust Corp boosted its stake in shares of Cherokee Inc (NASDAQ:CHKE) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,839 shares of the company’s stock after buying an additional 504 shares during the period. Northern Trust Corp owned 0.24% of Cherokee worth $215,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 61.46% of the company’s stock.

CHKE has been the subject of a number of research analyst reports. FBR & Co reiterated a “buy” rating and issued a $8.00 target price on shares of Cherokee in a report on Wednesday, September 6th. Roth Capital dropped their price target on Cherokee from $10.00 to $6.50 and set a “buy” rating on the stock in a research report on Thursday, September 28th. Zacks Investment Research upgraded Cherokee from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 28th. ValuEngine upgraded Cherokee from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Finally, B. Riley restated a “buy” rating on shares of Cherokee in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $7.19.

COPYRIGHT VIOLATION NOTICE: This piece was published by Week Herald and is the sole property of of Week Herald. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at

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.

Earnings History for Cherokee (NASDAQ:CHKE)

Receive News & Ratings for Cherokee Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cherokee and related companies with's FREE daily email newsletter.

Leave a Reply