Cherokee Inc. Announces Quarterly Dividend of $0.05 (CHKE)
Cherokee (NASDAQ:CHKE) announced a quarterly dividend on Friday, August 1st, Stock Ratings Network reports. Investors of record on Monday, September 1st will be paid a dividend of 0.05 per share on Monday, September 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.18%.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Cherokee from a “hold” rating to a “buy” rating in a research note on Thursday, June 12th. 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.
Shares of Cherokee (NASDAQ:CHKE) traded up 1.13% during mid-day trading on Friday, hitting $16.98. 3,991 shares of the company’s stock traded hands. Cherokee has a one year low of $11.75 and a one year high of $17.06. The stock’s 50-day moving average is $15.63 and its 200-day moving average is $14.33. The company has a market cap of $142.7 million and a price-to-earnings ratio of 17.53.
Cherokee (NASDAQ:CHKE) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.18. The company had revenue of $10.00 million for the quarter, compared to the consensus estimate of $9.18 million. During the same quarter last year, the company posted $0.27 earnings per share. On average, analysts predict that Cherokee will post $1.07 earnings per share for the current fiscal year.
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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