Cherokee (CHKE) Announces Earnings Results

Cherokee (NASDAQ:CHKE) released its earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.07, Fidelity Earnings reports. Cherokee had a negative net margin of 227.43% and a negative return on equity of 41.32%. The business had revenue of $5.84 million for the quarter, compared to analyst estimates of $6.49 million. Cherokee updated its FY 2019 guidance to EPS.

CHKE traded down $0.02 during trading on Friday, reaching $0.61. The company’s stock had a trading volume of 68,045 shares, compared to its average volume of 51,951. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.70 and a quick ratio of 0.70. Cherokee has a 1 year low of $0.38 and a 1 year high of $2.15. The firm has a market capitalization of $8.95 million, a price-to-earnings ratio of -0.86 and a beta of 1.47.

In other news, major shareholder Cove Street Capital, Llc purchased 716,904 shares of the business’s stock in a transaction dated Friday, September 28th. The stock was acquired at an average price of $0.74 per share, for a total transaction of $530,508.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Strategic Opportunit Headlands sold 286,032 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $0.91, for a total transaction of $260,289.12. The disclosure for this sale can be found here. Company insiders own 11.30% of the company’s stock.

CHKE has been the topic of a number of research reports. Zacks Investment Research raised shares of Cherokee from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a research note on Thursday, September 20th. ValuEngine raised shares of Cherokee from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th.

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Cherokee Company Profile

Cherokee Inc markets, manages, and licenses fashion and lifestyle brands for apparel, footwear, home products, and accessories worldwide. It owns or licenses Cherokee, Hi-Tec, Magnum, 50 Peaks, Interceptor, Hawk Signature, Tony Hawk, Liz Lange, Completely Me by Liz Lange, Flip Flop Shops, Everyday California, Carole Little, Sideout, Saint Tropez-West, Chorus Line, All That Jazz, Sideout Sport, and other brands.

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Earnings History for Cherokee (NASDAQ:CHKE)

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