Cherokee (CHKE) Releases Earnings Results, Misses Estimates By $0.12 EPS
Cherokee (NASDAQ:CHKE) issued its earnings results on Wednesday. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.12), Bloomberg Earnings reports. The firm had revenue of $11.04 million for the quarter, compared to analyst estimates of $9.90 million. Cherokee had a positive return on equity of 1.52% and a negative net margin of 42.78%. The business’s revenue for the quarter was up 69.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.10) EPS.
Shares of Cherokee (NASDAQ CHKE) traded down $0.10 on Wednesday, reaching $2.95. 77,300 shares of the company were exchanged, compared to its average volume of 103,330. Cherokee has a 52-week low of $1.66 and a 52-week high of $11.75. The stock has a market capitalization of $42.55, a PE ratio of 27.73, a PEG ratio of 2.03 and a beta of 1.18.
A number of equities analysts recently commented on the stock. FBR & Co reiterated a “buy” rating and set a $8.00 target price on shares of Cherokee in a research note on Wednesday, September 6th. Roth Capital reduced their price target on shares of Cherokee from $18.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 21st. Zacks Investment Research cut shares of Cherokee from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, B. Riley reissued a “buy” rating on shares of Cherokee in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $7.19.
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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