Alpine Partners VI LLC bought a new stake in shares of Cherokee Inc. (NASDAQ:CHKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,993 shares of the company’s stock, valued at approximately $133,000.
A number of other hedge funds have also recently bought and sold shares of CHKE. Alambic Investment Management L.P. purchased a new stake in Cherokee during the second quarter valued at $176,000. Oxford Asset Management purchased a new stake in Cherokee during the second quarter valued at $177,000. Emerald Acquisition Ltd. purchased a new stake in Cherokee during the second quarter valued at $5,046,000. Geode Capital Management LLC raised 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 valued at $1,236,000 after buying an additional 711 shares during the period. Finally, Laurion Capital Management LP purchased a new stake in Cherokee during the second quarter valued at $276,000. 84.78% of the stock is currently owned by institutional investors.
Cherokee Inc. (NASDAQ:CHKE) opened at 10.74 on Monday. The stock has a market capitalization of $93.57 million, a P/E ratio of 13.44 and a beta of 0.92. The company’s 50-day moving average price is $10.62 and its 200 day moving average price is $12.98. Cherokee Inc. has a 52-week low of $9.29 and a 52-week high of $19.73.
Cherokee (NASDAQ:CHKE) last announced its earnings results on Thursday, September 8th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $8.50 million for the quarter, compared to the consensus estimate of $8.98 million. Cherokee had a return on equity of 20.07% and a net margin of 20.10%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.47 EPS. On average, equities research analysts anticipate that Cherokee Inc. will post $0.65 earnings per share for the current year.
A number of analysts recently commented on CHKE shares. Zacks Investment Research lowered Cherokee from a “hold” rating to a “sell” rating in a research note on Monday, September 19th. TheStreet lowered Cherokee from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Roth Capital reaffirmed a “buy” rating on shares of Cherokee in a research note on Monday, June 13th. Wunderlich decreased their price objective on Cherokee from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, September 9th. Finally, B. Riley reaffirmed a “buy” rating and set a $20.00 price objective on shares of Cherokee in a research note on Monday, September 12th. One equities research 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 a consensus price target of $20.00.
In other news, major shareholder Strategic Opportunit Headlands acquired 10,000 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were bought at an average price of $10.38 per share, with a total value of $103,800.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 10.50% of the company’s stock.
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.