Cherokee Inc. (NASDAQ:CHKE)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $1.90 and last traded at $1.85, with a volume of 77025 shares traded. The stock had previously closed at $1.95.

Several equities analysts recently commented on the company. B. Riley restated a “buy” rating on shares of Cherokee in a research report on Wednesday, November 1st. Zacks Investment Research downgraded Cherokee from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Roth Capital cut their target price on Cherokee from $18.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 21st. Finally, FBR & Co restated a “buy” rating and set a $8.00 target price on shares of Cherokee in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $7.19.

The firm has a market cap of $27.90, a PE ratio of 18.18, a PEG ratio of 0.78 and a beta of 1.06.

Cherokee (NASDAQ:CHKE) last issued its quarterly earnings data on Thursday, September 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.06). Cherokee had a negative net margin of 42.78% and a positive return on equity of 1.52%. The business had revenue of $14.00 million during the quarter, compared to the consensus estimate of $7.81 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The company’s revenue for the quarter was up 64.7% compared to the same quarter last year. equities research analysts anticipate that Cherokee Inc. will post 0.17 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. HCSF Management LLC raised its position in Cherokee by 5.9% in the 2nd quarter. HCSF Management LLC now owns 1,654,397 shares of the company’s stock valued at $11,498,000 after purchasing an additional 91,780 shares during the last quarter. Trellus Management Company LLC raised its position in Cherokee by 53.3% in the 3rd quarter. Trellus Management Company LLC now owns 115,000 shares of the company’s stock valued at $316,000 after purchasing an additional 40,000 shares during the last quarter. Connors Investor Services Inc. raised its position in Cherokee by 49.5% in the 2nd quarter. Connors Investor Services Inc. now owns 220,646 shares of the company’s stock valued at $1,533,000 after purchasing an additional 73,052 shares during the last quarter. Penn Capital Management Co. Inc. increased its stake in shares of Cherokee by 65.3% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 516,718 shares of the company’s stock valued at $3,591,000 after buying an additional 204,146 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Cherokee by 3.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 64,827 shares of the company’s stock valued at $451,000 after buying an additional 2,258 shares during the period. Hedge funds and other institutional investors own 70.73% of the company’s stock.

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Cherokee Company Profile

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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