The stock of Cherokee Inc (NASDAQ:CHKE) is a huge mover today! About 261,623 shares traded hands or 867.76% up from the average. Cherokee Inc (NASDAQ:CHKE) has declined 40.79% since April 26, 2016 and is downtrending. It has underperformed by 46.05% the S&P500.
The move comes after 7 months positive chart setup for the $85.67 million company. It was reported on Nov, 29 by Barchart.com. We have $10.63 PT which if reached, will make NASDAQ:CHKE worth $2.57M 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 $1.08M for 19.85 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 115.60% above today’s ($10.32) 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 given on Friday, September 9 by Wunderlich. The firm has “Buy” rating by Wunderlich given on Friday, September 11. The firm has “Buy” rating given on Tuesday, October 20 by Roth Capital. As per Tuesday, August 4, the company rating was maintained by Wunderlich. TH Capital maintained it with “Buy” rating and $20 target price in Thursday, September 17 report. TH Capital maintained Cherokee Inc (NASDAQ:CHKE) rating on Tuesday, October 20. TH Capital has “Buy” rating and $22 price target. Roth Capital maintained the stock with “Buy” rating in Thursday, September 17 report.
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 turned negative, 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.
Price T Rowe Assoc Md accumulated 12,800 shares or 0% of the stock. Invesco Limited holds 0% or 45,582 shares in its portfolio. Morgan Stanley reported 4,575 shares or 0% of all its holdings. Ancora Advsrs Ltd Limited Liability Company holds 0.14% or 105,131 shares in its portfolio. Bnp Paribas Arbitrage Sa owns 33 shares or 0% of their US portfolio. Barclays Public Limited Co has 0% invested in the company for 831 shares. Laurion Ltd Partnership, a New York-based fund reported 24,800 shares. Royal National Bank & Trust Of Canada has 1,380 shares for 0% of their US portfolio. Renaissance Technologies Limited Liability owns 562,275 shares or 0.01% of their US portfolio. National Bank Of America Corp De has 3,288 shares for 0% of their US portfolio. Northern Trust Corporation has 0% invested in the company for 21,642 shares. Millennium Mngmt Ltd Liability Corporation has invested 0% of its portfolio in Cherokee Inc (NASDAQ:CHKE). Ny State Common Retirement Fund owns 2,300 shares or 0% of their US portfolio. Goldman Sachs Group Inc, a New York-based fund reported 20,451 shares. Blackrock Institutional Na, a California-based fund reported 254,454 shares.
Insider Transactions: Since June 15, 2016, the stock had 4 insider buys, and 0 sales for $474,739 net activity. Shares for $103,819 were bought by HEADLANDS STRATEGIC OPPORTUNITIES FUND – LP (THE PARTNERSHIP). $166,745 worth of shares were bought by RAVICH JESS M on Wednesday, June 15.
More news for Cherokee Inc (NASDAQ:CHKE) were recently published by: Reuters.com, which released: “BRIEF-Cherokee Inc enters into Hi-Tec acquisition documents” on November 29, 2016. Globenewswire.com‘s article titled: “Cherokee Inc. Announces Entry into Hi-Tec Acquisition Documents and Pricing of …” and published on November 29, 2016 is yet another important article.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.