Revenue Update on Cherokee Inc(NASDAQ:CHKE)

Cherokee Inc(NASDAQ:CHKE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Apr 14, 2016. Company reported revenue of $7.84M. Analysts estimated a revenue of $7.37M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.13.

Cherokee Inc (CHKE) made into the market gainers list on Mondays trading session with the shares advancing 1.68% or 0.29 points. Due to strong positive momentum, the stock ended at $17.6, which is also near the day’s high of $18.04. The stock began the session at $17.25 and the volume stood at 52,521 shares. The 52-week high of the shares is $29.72 and the 52 week low is $12.92. The company has a current market capitalization of $153 M and it has 87,20,012 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 17, 2015, Jess M Ravich (director) purchased 17,877 shares at $15.20 per share price.Also, On Jun 19, 2015, Howard B Siegel (President) sold 10,000 shares at $26.47 per share price.

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. The Company owns several trademarks including Cherokee Liz Lange Completely Me by Liz Lange Hawk Tony Hawk Sideout Sideout Sport Carole Little Saint Tropez-West Chorus Line All That Jazz and others. In addition to licensing its own brands the Company assists other companies in identifying licensee or licensor for their brands or stores and partner with individuals to market and license their lifestyle brands. When representing brands the Company offers a range of services including marketing of brands solicitation of licensees contract negotiations and administration and maintenance of license or distribution agreements.

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