Cherokee (NASDAQ:CHKE) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Other analysts also recently issued reports about the company. B. Riley restated a “buy” rating on shares of Cherokee in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Cherokee from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 28th. Roth Capital cut their price target on shares of Cherokee from $18.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 21st. Finally, FBR & Co reaffirmed a “buy” rating and set a $8.00 price target on shares of Cherokee in a research report on Wednesday, September 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $7.19.

Cherokee (NASDAQ:CHKE) traded down $0.70 during midday trading on Wednesday, reaching $2.25. The company had a trading volume of 921,976 shares, compared to its average volume of 106,814. The firm has a market capitalization of $42.55, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 2.03 and a beta of 1.18. Cherokee has a 1-year low of $1.66 and a 1-year high of $11.75.

Cherokee (NASDAQ:CHKE) last posted its quarterly earnings data on Wednesday, December 6th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.12). The company had revenue of $11.04 million during the quarter, compared to analyst estimates of $9.90 million. Cherokee had a negative net margin of 42.78% and a positive return on equity of 1.52%. 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 company earned ($0.10) earnings per share. research analysts forecast that Cherokee will post 0.1 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of CHKE. Northern Trust Corp boosted its position in Cherokee by 1.7% during the second quarter. Northern Trust Corp now owns 30,839 shares of the company’s stock valued at $215,000 after acquiring an additional 504 shares during the last quarter. Marathon Capital Management bought a new stake in Cherokee during the second quarter valued at $287,000. Trellus Management Company LLC boosted its position in Cherokee by 53.3% during the third quarter. Trellus Management Company LLC now owns 115,000 shares of the company’s stock valued at $316,000 after acquiring an additional 40,000 shares during the last quarter. Martin & Co. Inc. TN boosted its position in Cherokee by 1.3% during the second quarter. Martin & Co. Inc. TN now owns 60,355 shares of the company’s stock valued at $419,000 after acquiring an additional 800 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Cherokee by 3.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 64,827 shares of the company’s stock valued at $451,000 after acquiring an additional 2,258 shares during the last quarter. 61.46% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Cherokee (CHKE) Upgraded at ValuEngine” was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/06/cherokee-chke-upgraded-at-valuengine.html.

About Cherokee

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Cherokee Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cherokee Inc and related companies with MarketBeat.com's FREE daily email newsletter.