Cherokee (CHKE) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Cherokee (NASDAQ:CHKE) from a buy rating to a hold rating in a report published on Monday morning, ValuEngine reports.

Separately, Zacks Investment Research lowered Cherokee from a strong-buy rating to a hold rating in a research note on Monday, February 4th.

Shares of NASDAQ CHKE opened at $0.76 on Monday. The company has a market cap of $11.98 million, a price-to-earnings ratio of -2.30 and a beta of 2.22. Cherokee has a one year low of $0.38 and a one year high of $1.35. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.71.

Cherokee (NASDAQ:CHKE) last released its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The company had revenue of $6.13 million for the quarter, compared to analysts’ expectations of $6.80 million. Cherokee had a negative net margin of 50.42% and a negative return on equity of 20.60%.

Several large investors have recently added to or reduced their stakes in the company. Cove Street Capital LLC boosted its stake in shares of Cherokee by 41.2% during the first quarter. Cove Street Capital LLC now owns 3,909,474 shares of the company’s stock valued at $2,713,000 after purchasing an additional 1,140,150 shares during the period. Prudential PLC boosted its stake in shares of Cherokee by 26.8% during the fourth quarter. Prudential PLC now owns 1,907,399 shares of the company’s stock valued at $963,000 after purchasing an additional 403,134 shares during the period. Finally, Vanguard Group Inc boosted its stake in shares of Cherokee by 8.1% during the third quarter. Vanguard Group Inc now owns 341,339 shares of the company’s stock valued at $253,000 after purchasing an additional 25,506 shares during the period. 39.19% of the stock is owned by hedge funds and other institutional investors.

About Cherokee

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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