Cherokee Inc. (NASDAQ:CHKE)’s share price reached a new 52-week low on Thursday . The stock traded as low as $3.48 and last traded at $3.48, with a volume of 92,519 shares changing hands. The stock had previously closed at $3.63.

CHKE has been the subject of several research reports. FBR & Co restated an “outperform” rating and set a $8.00 price target on shares of Cherokee in a research report on Tuesday, July 11th. ValuEngine upgraded shares of Cherokee from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. Zacks Investment Research lowered shares of Cherokee from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 7th. Roth Capital cut their target price on shares of Cherokee from $18.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 21st. Finally, B. Riley reiterated a “neutral” rating and set a $9.00 target price on shares of Cherokee in a research report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Cherokee presently has an average rating of “Hold” and a consensus price target of $8.06.

The firm’s market capitalization is $44.86 million. The firm has a 50-day moving average price of $4.56 and a 200 day moving average price of $7.04.

Cherokee (NASDAQ:CHKE) last announced its quarterly earnings data on Thursday, September 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.06). The company had revenue of $14.00 million for the quarter, compared to the consensus estimate of $7.81 million. Cherokee had a negative net margin of 42.78% and a positive return on equity of 1.52%. The company’s revenue was up 64.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. Equities research analysts expect that Cherokee Inc. will post $0.32 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in CHKE. Royce & Associates LP boosted its stake in Cherokee by 114.1% in the 1st quarter. Royce & Associates LP now owns 546,000 shares of the company’s stock worth $4,696,000 after purchasing an additional 291,000 shares during the period. Northpointe Capital LLC boosted its stake in Cherokee by 35.5% in the 2nd quarter. Northpointe Capital LLC now owns 948,873 shares of the company’s stock worth $6,595,000 after purchasing an additional 248,514 shares during the period. Penn Capital Management Co. Inc. boosted its stake in Cherokee by 65.3% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 516,718 shares of the company’s stock worth $3,591,000 after purchasing an additional 204,146 shares during the period. Cove Street Capital LLC boosted its stake in Cherokee by 6.5% in the 1st quarter. Cove Street Capital LLC now owns 2,581,189 shares of the company’s stock worth $22,198,000 after purchasing an additional 157,369 shares during the period. Finally, HCSF Management LLC boosted its stake in Cherokee by 5.9% in the 2nd quarter. HCSF Management LLC now owns 1,654,397 shares of the company’s stock worth $11,498,000 after purchasing an additional 91,780 shares during the period. Institutional investors own 77.80% of the company’s stock.

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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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