Cherokee (NASDAQ:CHKE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “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) “
Separately, ValuEngine upgraded shares of Cherokee from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $7.19.
Institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp lifted its holdings in Cherokee by 1.7% in the second quarter. Northern Trust Corp now owns 30,839 shares of the company’s stock worth $215,000 after buying an additional 504 shares during the period. First Wilshire Securities Management Inc. lifted its holdings in Cherokee by 200.0% in the fourth quarter. First Wilshire Securities Management Inc. now owns 90,000 shares of the company’s stock worth $171,000 after buying an additional 60,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Cherokee by 23.9% in the second quarter. Dimensional Fund Advisors LP now owns 353,238 shares of the company’s stock worth $2,455,000 after buying an additional 68,198 shares during the period. Northpointe Capital LLC lifted its holdings in Cherokee by 102.4% in the fourth quarter. Northpointe Capital LLC now owns 1,347,183 shares of the company’s stock worth $2,560,000 after buying an additional 681,445 shares during the period. Finally, Cove Street Capital LLC lifted its holdings in Cherokee by 8.8% in the fourth quarter. Cove Street Capital LLC now owns 2,770,668 shares of the company’s stock worth $5,188,000 after buying an additional 223,971 shares during the period. Institutional investors and hedge funds own 63.05% of the company’s stock.
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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.
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