Cherokee Inc (NASDAQ:CHKE) Director John Mcclain purchased 10,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was bought at an average cost of $2.04 per share, for a total transaction of $20,400.00. Following the purchase, the director now owns 27,977 shares of the company’s stock, valued at approximately $57,073.08. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Cherokee Inc (NASDAQ CHKE) traded down $0.05 during mid-day trading on Friday, hitting $2.00. 105,789 shares of the stock were exchanged, compared to its average volume of 107,085. The company has a market capitalization of $28.60, a price-to-earnings ratio of -1.14 and a beta of 1.18. Cherokee Inc has a twelve month low of $1.66 and a twelve month high of $11.15.
Cherokee (NASDAQ:CHKE) last announced its quarterly earnings data on Wednesday, December 6th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.12). The business had revenue of $11.04 million during the quarter, compared to the consensus estimate of $9.90 million. Cherokee had a negative return on equity of 0.68% and a negative net margin of 42.20%. The business’s revenue for the quarter was up 69.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.10) EPS. analysts forecast that Cherokee Inc will post -0.1 EPS for the current fiscal year.
CHKE has been the topic of a number of research reports. FBR & Co reaffirmed a “buy” rating and issued a $8.00 price target on shares of Cherokee in a research note on Wednesday, September 6th. Roth Capital cut their price target on shares of Cherokee from $10.00 to $6.50 and set a “buy” rating on the stock in a research note on Thursday, September 28th. B. Riley reaffirmed a “buy” rating on shares of Cherokee in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Cherokee from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 28th. Finally, ValuEngine raised shares of Cherokee from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $7.19.
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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