Cherokee (CHKE) Issues Earnings Results, Beats Estimates By $0.07 EPS

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

Shares of NASDAQ:CHKE traded down $0.02 on Friday, reaching $0.61. 68,045 shares of the company traded hands, compared to its average volume of 51,951. Cherokee has a 52 week low of $0.38 and a 52 week high of $2.15. The stock has a market capitalization of $8.95 million, a P/E ratio of -0.86 and a beta of 1.47. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 3.55.

In other news, major shareholder Strategic Opportunit Headlands sold 286,032 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $0.91, for a total transaction of $260,289.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Cove Street Capital, Llc acquired 716,904 shares of Cherokee stock in a transaction dated Friday, September 28th. The shares were bought at an average cost of $0.74 per share, for a total transaction of $530,508.96. The disclosure for this purchase can be found here. 11.30% of the stock is currently owned by company insiders.

A number of brokerages have recently issued reports on CHKE. ValuEngine raised Cherokee from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Zacks Investment Research cut Cherokee from a “buy” rating to a “hold” rating in a research note on Friday, September 21st.

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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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