Cherokee Coverage Initiated by Analysts at B. Riley (CHKE)
Analysts at B. Riley initiated coverage on shares of Cherokee (NASDAQ:CHKE) in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $20.00 price target on the stock. B. Riley’s target price indicates a potential upside of 51.17% from the company’s current price.
Shares of Cherokee (NASDAQ:CHKE) traded up 1.59% during mid-day trading on Thursday, hitting $13.44. The stock had a trading volume of 45,737 shares. Cherokee has a 52-week low of $11.75 and a 52-week high of $15.00. The stock’s 50-day moving average is $13.6 and its 200-day moving average is $13.9. The company has a market cap of $112.9 million and a price-to-earnings ratio of 18.37.
Cherokee (NASDAQ:CHKE) last announced its earnings results on Thursday, April 17th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.13. During the same quarter last year, the company posted $0.13 earnings per share. On average, analysts predict that Cherokee will post $1.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, June 15th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Wednesday, April 9th.
Cherokee Inc is a global marketer and manager of a portfolio of lifestyle brands it owns or represents, licensing the Cherokee, Sideout and Carole Little brands and related trademarks and other brands in multiple consumer product categories and sectors.
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