Cherokee (NASDAQ:CHKE) announced its quarterly earnings results on Thursday. The company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.11), MarketWatch Earnings reports. Cherokee had a negative net margin of 130.24% and a negative return on equity of 13.63%. During the same quarter last year, the business posted ($0.07) earnings per share.
Cherokee traded down $0.08, reaching $0.78, during trading on Friday, Marketbeat reports. 72,516 shares of the company were exchanged, compared to its average volume of 753,790. The stock has a market cap of $11.90 million, a price-to-earnings ratio of -1.10 and a beta of 1.04. Cherokee has a twelve month low of $0.62 and a twelve month high of $7.75.
A number of research firms recently issued reports on CHKE. ValuEngine upgraded shares of Cherokee from a “hold” rating to a “buy” rating in a research report on Tuesday, June 5th. Zacks Investment Research upgraded shares of Cherokee from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, Roth Capital set a $2.00 price objective on shares of Cherokee and gave the stock a “buy” rating in a research report on Sunday, April 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Cherokee has a consensus rating of “Buy” and a consensus target price of $3.58.
Cherokee Company Profile
Cherokee Inc markets, manages, and licenses fashion and lifestyle brands for apparel, footwear, home products, and accessories worldwide. It owns or represents 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, and other brands, as well as Saint Tropez-West, Chorus Line, All That Jazz, and Sideout Sport names.
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