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.
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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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