Cherokee Sets New 52-Week High at $18.94 (CHKE)
Cherokee (NASDAQ:CHKE)’s share price reached a new 52-week high during trading on Monday , American Banking & Market News reports. The company traded as high as $18.94 and last traded at $18.87, with a volume of 36,357 shares. The stock had previously closed at $18.43.
A number of analysts have recently weighed in on CHKE shares. Analysts at Wunderlich initiated coverage on shares of Cherokee in a research note on Tuesday, August 5th. They set a “buy” rating and a $21.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Cherokee from a “hold” rating to a “buy” rating in a research note on Thursday, June 12th. Finally, 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.
The stock’s 50-day moving average is $16.04 and its 200-day moving average is $14.48. The company has a market cap of $155.9 million and a price-to-earnings ratio of 19.24.
Cherokee (NASDAQ:CHKE) last announced its earnings results on Tuesday, June 10th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.27 earnings per share. Analysts expect that Cherokee will post $1.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Monday, September 1st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, August 27th.
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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