Cherokee (CHKE) Posts Quarterly Results
Cherokee (NASDAQ:CHKE) issued its quarterly earnings data on Tuesday. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.18, Analyst Ratings News reports. The company had revenue of $10.00 million for the quarter, compared to the consensus estimate of $9.18 million.
On the ratings front, analysts at B. Riley initiated coverage on shares of Cherokee in a research note on Thursday, May 15th. They set a “buy” rating and a $20.00 price target on the stock.
Cherokee (NASDAQ:CHKE) opened at 13.87 on Tuesday. Cherokee has a 1-year low of $11.75 and a 1-year high of $15.00. The stock has a 50-day moving average of $13.57 and a 200-day moving average of $13.88. The company has a market cap of $116.5 million and a price-to-earnings ratio of 19.07.
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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