The stock of Cherokee Inc (NASDAQ:CHKE) is a huge mover today! The stock increased 7.18% or $0.7 on November 23, hitting $10.45. About 56,119 shares traded hands or 70.80% up from the average. Cherokee Inc (NASDAQ:CHKE) has declined 37.43% since April 22, 2016 and is downtrending. It has underperformed by 42.83% the S&P500.
The move comes after 8 months positive chart setup for the $97.55M company. It was reported on Nov, 24 by Barchart.com. We have $11.39 PT which if reached, will make NASDAQ:CHKE worth $8.78 million more.
Analysts await Cherokee Inc (NASDAQ:CHKE) to report earnings on December, 8. They expect $0.13 earnings per share, down 40.91% or $0.09 from last year’s $0.22 per share. CHKE’s profit will be $1.21 million for 20.10 P/E if the $0.13 EPS becomes a reality. After $0.22 actual earnings per share reported by Cherokee Inc for the previous quarter, Wall Street now forecasts -40.91% negative EPS growth.
Cherokee Inc (NASDAQ:CHKE) Ratings Coverage
Out of 5 analysts covering Cherokee (NASDAQ:CHKE), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $33 is the highest target while $18 is the lowest. The $22.25 average target is 112.92% above today’s ($10.45) stock price. Cherokee has been the topic of 9 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Brean Capital maintained Cherokee Inc (NASDAQ:CHKE) on Wednesday, September 2 with “Buy” rating. The firm has “Buy” rating by TH Capital given on Thursday, September 17. Roth Capital maintained the shares of CHKE in a report on Thursday, September 17 with “Buy” rating. The firm has “Buy” rating by Roth Capital given on Tuesday, October 20. The stock of Cherokee Inc (NASDAQ:CHKE) has “Buy” rating given on Tuesday, October 20 by TH Capital. The rating was maintained by Wunderlich with “Buy” on Tuesday, August 4. Wunderlich maintained Cherokee Inc (NASDAQ:CHKE) rating on Friday, September 9. Wunderlich has “Buy” rating and $18 price target. Wunderlich maintained Cherokee Inc (NASDAQ:CHKE) on Friday, September 11 with “Buy” rating.
According to Zacks Investment Research, “Cherokee Inc. is a marketer and licensor of Cherokee and Sideout brand products, is continuing its negotiations for domestic and international licensing contracts covering multiple categories of merchandise. Cherokee currently has licensing agreements in many categories, including family apparel and fashion accessories, as well as luggage, cosmetics and footwear. (PRESS RELEASE)”
Insitutional Activity: The institutional sentiment decreased to 0.65 in 2016 Q2. Its down 0.04, from 0.69 in 2016Q1. The ratio worsened, as 16 funds sold all Cherokee Inc shares owned while 20 reduced positions. 13 funds bought stakes while 12 increased positions. They now own 4.93 million shares or 31.68% less from 7.21 million shares in 2016Q1.
Ftb Advisors Inc owns 175 shares or 0% of their US portfolio. Lsv Asset holds 10,500 shares or 0% of its portfolio. Invesco last reported 45,582 shares in the company. Blackrock Institutional Na owns 254,454 shares or 0% of their US portfolio. Laurion Management Limited Partnership last reported 0% of its portfolio in the stock. Blackrock Fund Advsrs holds 0% or 22,948 shares in its portfolio. Creative Planning has invested 0% of its portfolio in Cherokee Inc (NASDAQ:CHKE). National Bank & Trust Of America Corporation De has 0% invested in the company for 3,288 shares. Moreover, Savings Bank Of Ny Mellon has 0% invested in Cherokee Inc (NASDAQ:CHKE) for 24,911 shares. Punch And Assoc owns 308,605 shares or 0.4% of their US portfolio. North Star Mgmt, a Illinois-based fund reported 106,025 shares. Blackrock Invest Mngmt Ltd Co reported 1,407 shares or 0% of all its holdings. Geode Capital Management Lc has invested 0% of its portfolio in Cherokee Inc (NASDAQ:CHKE). Bridgeway Mngmt last reported 23,200 shares in the company. Price T Rowe Assoc Md holds 0% of its portfolio in Cherokee Inc (NASDAQ:CHKE) for 12,800 shares.
Insider Transactions: Since June 15, 2016, the stock had 4 insider purchases, and 0 selling transactions for $474,739 net activity. HEADLANDS STRATEGIC OPPORTUNITIES FUND – LP (THE PARTNERSHIP) bought $103,819 worth of stock. Shares for $166,745 were bought by RAVICH JESS M on Wednesday, June 15.
CHKE Company Profile
Cherokee Inc., incorporated on May 17, 1988, 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. The Firm operates in the segment of marketing and licensing of brand names and trademarks for apparel, footwear and accessories. The Firm is a licensor of style focused lifestyle brands for apparel, footwear, home products and accessories. It performs a range of services, including marketing, solicitation of licensees, contract negotiations, and administration and maintenance of license or distribution agreements, among others. The Firm operates in the United States, Canada, Latin America, Asia, the United Kingdom and Europe. The Company’s brands are licensed with retail and wholesale licensees in over 50 countries and approximately 9,000 retail locations.
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