Cherokee Inc (CHKE) was Reiterated by Wunderlich to “Buy” while Lowering the Price Target of the company shares to $ 18 from a previous price target of $26 . Wunderlich advised their investors in a research report released on Sep 9, 2016.
On the company’s financial health, Cherokee Inc reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Sep 8, 2016. Analyst had a consensus of $0.20. The company had revenue of $8.50 million for the quarter, compared to analysts expectations of $8.97 million.
Cherokee Inc opened for trading at $10.86 and hit $11.21 on the upside on Wednesday, eventually ending the session at $11.05, with a gain of 2.31% or 0.25 points. The heightened volatility saw the trading volume jump to 40,614 shares. Company has a market cap of $96 M.
In a different news, on Jun 17, 2016, Jess M Ravich (director) purchased 13,130 shares at $12.69 per share price. According to the SEC, 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.