Analysts expect Cherokee Inc. (NASDAQ:CHKE) to post sales of $9.39 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cherokee’s earnings. The lowest sales estimate is $8.88 million and the highest is $9.90 million. Cherokee reported sales of $6.50 million during the same quarter last year, which would suggest a positive year over year growth rate of 44.5%. The firm is scheduled to announce its next quarterly earnings results on Thursday, December 14th.

On average, analysts expect that Cherokee will report full year sales of $9.39 million for the current year, with estimates ranging from $35.75 million to $39.10 million. For the next financial year, analysts forecast that the firm will report sales of $43.29 million per share, with estimates ranging from $40.47 million to $46.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Cherokee.

Cherokee (NASDAQ:CHKE) last posted its quarterly earnings results on Thursday, September 7th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $14.00 million during the quarter, compared to analysts’ expectations of $7.81 million. Cherokee had a negative net margin of 42.78% and a positive return on equity of 1.52%. The firm’s quarterly revenue was up 64.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 EPS.

Several analysts have commented on the company. Zacks Investment Research upgraded Cherokee from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a report on Tuesday, July 11th. Roth Capital lowered their price target on Cherokee from $10.00 to $6.50 and set a “buy” rating for the company in a report on Thursday, September 28th. Finally, FBR & Co restated an “outperform” rating and issued a $8.00 price target on shares of Cherokee in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Cherokee presently has a consensus rating of “Hold” and a consensus price target of $7.19.

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Shares of Cherokee (CHKE) opened at $2.10 on Monday. The company has a market capitalization of $29.29, a PE ratio of 19.09, a price-to-earnings-growth ratio of 0.82 and a beta of 1.06. Cherokee has a fifty-two week low of $2.00 and a fifty-two week high of $11.75.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HCSF Management LLC lifted its stake in shares of Cherokee by 5.9% in the 2nd quarter. HCSF Management LLC now owns 1,654,397 shares of the company’s stock valued at $11,498,000 after purchasing an additional 91,780 shares in the last quarter. Trellus Management Company LLC lifted its stake in shares of Cherokee by 53.3% in the 3rd quarter. Trellus Management Company LLC now owns 115,000 shares of the company’s stock valued at $316,000 after purchasing an additional 40,000 shares in the last quarter. Connors Investor Services Inc. lifted its stake in shares of Cherokee by 49.5% in the 2nd quarter. Connors Investor Services Inc. now owns 220,646 shares of the company’s stock valued at $1,533,000 after purchasing an additional 73,052 shares in the last quarter. Penn Capital Management Co. Inc. lifted its stake in shares of Cherokee by 65.3% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 516,718 shares of the company’s stock valued at $3,591,000 after purchasing an additional 204,146 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Cherokee by 3.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 64,827 shares of the company’s stock valued at $451,000 after purchasing an additional 2,258 shares in the last quarter. 70.75% of the stock is currently owned by institutional investors and hedge funds.

Cherokee Company Profile

Cherokee Inc is a marketer and manager of a portfolio of fashion and lifestyle brands it owns or represents, licensing the Cherokee, Liz Lange, Completely Me by Liz Lange, Hawk, Tony Hawk, Sideout, Carole Little, Everyday California , Flip Flop Shops and ale by alessandra brands and related brands in various consumer product categories and sectors.

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Earnings History and Estimates for Cherokee (NASDAQ:CHKE)

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