Cherokee (CHKE) Getting Somewhat Favorable News Coverage, Accern Reports

Media headlines about Cherokee (NASDAQ:CHKE) have trended somewhat positive on Monday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cherokee earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.9006463627746 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Cherokee from a “hold” rating to a “strong sell” rating in a report on Monday, December 11th. ValuEngine upgraded shares of Cherokee from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. B. Riley restated a “buy” rating on shares of Cherokee in a report on Wednesday, November 1st. Roth Capital dropped their price objective on shares of Cherokee from $10.00 to $6.50 and set a “buy” rating for the company in a report on Thursday, September 28th. Finally, FBR & Co restated a “buy” rating and issued a $8.00 price objective on shares of Cherokee in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $7.19.

Shares of Cherokee (NASDAQ:CHKE) traded down $0.05 during mid-day trading on Monday, hitting $2.00. 105,700 shares of the company were exchanged, compared to its average volume of 107,085. Cherokee has a 52-week low of $1.66 and a 52-week high of $11.15. The firm has a market capitalization of $27.22, a PE ratio of -1.14 and a beta of 1.18.

Cherokee (NASDAQ:CHKE) last posted its quarterly earnings results on Wednesday, December 6th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.12). Cherokee had a negative return on equity of 0.68% and a negative net margin of 42.20%. The firm had revenue of $11.04 million for the quarter, compared to analyst estimates of $9.90 million. During the same quarter last year, the firm earned ($0.10) EPS. The company’s revenue was up 69.9% on a year-over-year basis. sell-side analysts expect that Cherokee will post -0.1 earnings per share for the current year.

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About Cherokee

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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