Essex Investment Management Co. LLC cut its position in shares of Cherokee Inc. (NASDAQ:CHKE) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,913 shares of the company’s stock after selling 493 shares during the period. Essex Investment Management Co. LLC’s holdings in Cherokee were worth $499,000 as of its most recent filing with the SEC.
Separately, Geode Capital Management LLC increased its stake in Cherokee by 1.0% in the first quarter. Geode Capital Management LLC now owns 69,501 shares of the company’s stock worth $1,236,000 after buying an additional 711 shares during the period. Hedge funds and other institutional investors own 84.78% of the company’s stock.
Cherokee Inc. (NASDAQ:CHKE) traded up 0.09% on Thursday, reaching $10.58. 18,965 shares of the company’s stock traded hands. The firm has a market capitalization of $92.17 million, a P/E ratio of 13.24 and a beta of 0.92. Cherokee Inc. has a 52 week low of $9.29 and a 52 week high of $19.73. The stock has a 50-day moving average of $10.64 and a 200 day moving average of $13.03.
Cherokee (NASDAQ:CHKE) last issued its quarterly earnings results on Thursday, September 8th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business earned $8.50 million during the quarter, compared to analyst estimates of $8.98 million. Cherokee had a net margin of 20.10% and a return on equity of 20.07%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 earnings per share. On average, equities analysts expect that Cherokee Inc. will post $0.65 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $23.00 price target on shares of Cherokee in a research note on Friday, June 10th. Roth Capital reaffirmed a “buy” rating on shares of Cherokee in a research note on Monday, June 13th. Zacks Investment Research downgraded shares of Cherokee from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 14th. TheStreet downgraded shares of Cherokee from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Finally, Wunderlich cut their target price on shares of Cherokee from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, September 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $20.00.
In related news, major shareholder Strategic Opportunit Headlands purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The stock was acquired at an average price of $9.42 per share, for a total transaction of $94,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is currently owned by corporate insiders.
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.
Want to see what other hedge funds are holding CHKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cherokee Inc. (NASDAQ:CHKE).
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.