Cherokee Inc. (NASDAQ:CHKE) traded down 2.6% during trading on Tuesday . The company traded as low as $10.92 and last traded at $10.92, with a volume of 108,286 shares changing hands. The stock had previously closed at $11.21.

A number of equities research analysts have commented on the stock. B. Riley reissued a “buy” rating and issued a $23.00 price objective on shares of Cherokee in a research report on Wednesday, June 15th. TheStreet downgraded shares of Cherokee from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. Zacks Investment Research raised shares of Cherokee from a “sell” rating to a “hold” rating in a research report on Monday, August 15th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Cherokee in a research report on Monday, June 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cherokee has a consensus rating of “Buy” and a consensus target price of $24.75.

The company’s 50-day moving average price is $11.20 and its 200-day moving average price is $14.47. The company has a market cap of $96.27 million and a PE ratio of 13.27.

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

In other Cherokee news, Director Jess M. Ravich purchased 13,130 shares of Cherokee stock in a transaction on Wednesday, June 15th. The shares were purchased at an average cost of $12.70 per share, with a total value of $166,751.00. Following the completion of the transaction, the director now directly owns 225,916 shares in the company, valued at approximately $2,869,133.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Strategic Opportunit Headlands bought 10,191 shares of Cherokee stock in a transaction dated Friday, May 27th. The shares were purchased at an average cost of $14.28 per share, for a total transaction of $145,527.48. Following the completion of the transaction, the insider now owns 1,062,462 shares of the company’s stock, valued at approximately $15,171,957.36. The disclosure for this purchase can be found here.

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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