Cherokee (CHKE) Earning Somewhat Favorable Press Coverage, Accern Reports
News stories about Cherokee (NASDAQ:CHKE) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cherokee earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.6318567799982 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Cherokee from a “hold” rating to a “strong sell” rating in a research report on Monday, December 11th. ValuEngine upgraded Cherokee from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. B. Riley restated a “buy” rating on shares of Cherokee in a research report on Wednesday, November 1st. Finally, Roth Capital lowered their price target on Cherokee from $10.00 to $6.50 and set a “buy” rating on the stock in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $7.19.
Shares of Cherokee (NASDAQ:CHKE) traded down $0.08 during trading hours on Tuesday, hitting $1.80. The stock had a trading volume of 22,300 shares, compared to its average volume of 38,660. Cherokee has a 52-week low of $1.66 and a 52-week high of $11.05. The company has a market capitalization of $26.51, a PE ratio of -1.02 and a beta of 1.19.
Cherokee (NASDAQ:CHKE) last announced its quarterly earnings data on Wednesday, December 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.12). Cherokee had a negative net margin of 42.20% and a negative return on equity of 0.68%. The company had revenue of $11.04 million for the quarter, compared to the consensus estimate of $9.90 million. During the same period last year, the business posted ($0.10) earnings per share. The firm’s quarterly revenue was up 69.9% compared to the same quarter last year. research analysts predict that Cherokee will post -0.1 earnings per share for the current fiscal year.
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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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