Cherokee (NASDAQ:CHKE) announced its quarterly earnings data on Thursday, June 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.11), MarketWatch Earnings reports. Cherokee had a negative net margin of 148.80% and a negative return on equity of 21.36%. The business had revenue of $5.40 million during the quarter, compared to the consensus estimate of $5.22 million. During the same period in the previous year, the business posted ($0.07) earnings per share.
CHKE traded down $0.08 during mid-day trading on Thursday, hitting $0.61. The stock had a trading volume of 248,212 shares, compared to its average volume of 755,500. The firm has a market cap of $10.61 million, a PE ratio of -0.86 and a beta of 1.04. Cherokee has a 1-year low of $0.62 and a 1-year high of $7.75.
A number of equities analysts have issued reports on CHKE shares. Zacks Investment Research raised shares of Cherokee from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research note on Tuesday, May 1st. ValuEngine raised shares of Cherokee from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Roth Capital set a $2.00 price objective on shares of Cherokee and gave the company a “buy” rating in a research note on Sunday, April 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.58.
Cherokee Company Profile
Cherokee Inc markets, manages, and licenses fashion and lifestyle brands for apparel, footwear, home products, and accessories worldwide. It owns or licenses Cherokee, Hi-Tec, Magnum, 50 Peaks, Interceptor, Hawk Signature, Tony Hawk, Liz Lange, Completely Me by Liz Lange, Flip Flop Shops, Everyday California, Carole Little, Sideout, Saint Tropez-West, Chorus Line, All That Jazz, Sideout Sport, and other brands.
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