Cherokee Inc. (NASDAQ:CHKE)’s share price dropped 2.5% on Wednesday . The stock traded as low as $10.96 and last traded at $10.98, with a volume of 56,250 shares trading hands. The stock had previously closed at $11.26.

CHKE has been the topic of several recent analyst reports. TheStreet lowered shares of Cherokee from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Zacks Investment Research lowered shares of Cherokee from a “hold” rating to a “sell” rating in a report on Wednesday, April 13th. Roth Capital reiterated a “buy” rating on shares of Cherokee in a report on Monday, June 13th. Finally, B. Riley reiterated a “buy” rating and issued a $23.00 target price on shares of Cherokee in a report on Wednesday, June 15th. One 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. Cherokee presently has a consensus rating of “Buy” and an average price target of $24.75.

The company has a market cap of $95.75 million and a price-to-earnings ratio of 13.20. The stock’s 50 day moving average price is $13.08 and its 200-day moving average price is $15.57.

Cherokee (NASDAQ:CHKE) last announced its quarterly earnings results on Thursday, June 9th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.10. The company earned $10.70 million during the quarter. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. On average, analysts anticipate that Cherokee Inc. will post $0.74 earnings per share for the current fiscal year.

In other news, major shareholder Strategic Opportunit Headlands purchased 41,103 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was acquired at an average price of $14.36 per share, with a total value of $590,239.08. Following the purchase, the insider now owns 991,749 shares in the company, valued at approximately $14,241,515.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jess M. Ravich purchased 13,130 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was purchased at an average cost of $12.70 per share, with a total value of $166,751.00. Following the purchase, the director now owns 225,916 shares in the company, valued at approximately $2,869,133.20. The disclosure for this purchase can be found here.

An institutional investor recently bought a new position in Cherokee stock. LSV Asset Management purchased a new stake in shares of Cherokee Inc. (NASDAQ:CHKE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,800 shares of the company’s stock, valued at approximately $1,186,000. LSV Asset Management owned 0.79% of Cherokee at the end of the most recent reporting period.

Cherokee Inc is a marketer and manager of a portfolio of fashion and lifestyle brands it owns or represents and related trademarks and other brands in multiple consumer product categories and sectors. The Company is engaged in marketing and licensing of brand names and trademarks for apparel, footwear and accessories.

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