What’s Ahead for Cherokee Inc (CHKE) After Achieving Yearly Low?

September 13, 2017 - By Migdalia James

Investors sentiment increased to 3 in Q4 2016. Its up 2.35, from 0.65 in 2016Q3. It improved, as 9 investors sold Cherokee Inc shares while 5 reduced holdings. 22 funds opened positions while 20 raised stakes. 9.79 million shares or 60.87% more from 6.09 million shares in 2016Q3 were reported.
Jpmorgan Chase And Company owns 3,256 shares for 0% of their portfolio. Goldman Sachs Grp holds 0% or 31,029 shares in its portfolio. Millennium Management Limited Liability has invested 0% in Cherokee Inc (NASDAQ:CHKE). Penn Capital Mgmt stated it has 296,614 shares or 0.2% of all its holdings. Awm Investment reported 300,000 shares. Geode Capital Mngmt Ltd Co invested in 0% or 77,758 shares. D E Shaw & Inc invested 0% of its portfolio in Cherokee Inc (NASDAQ:CHKE). Deutsche Fincl Bank Ag, a Germany-based fund reported 42,483 shares. Thompson Davis & Company Inc has invested 0.68% in Cherokee Inc (NASDAQ:CHKE). Bridgeway Mgmt Inc has 0% invested in Cherokee Inc (NASDAQ:CHKE) for 23,200 shares. Northpointe Cap Ltd Liability Corp accumulated 429,824 shares. Bnp Paribas Arbitrage Sa stated it has 392 shares or 0% of all its holdings. California Employees Retirement Sys accumulated 15,500 shares. Moreover, Stifel Corporation has 0% invested in Cherokee Inc (NASDAQ:CHKE) for 16,371 shares. Natl Bank Of New York Mellon Corp holds 20,733 shares or 0% of its portfolio.

The stock of Cherokee Inc (NASDAQ:CHKE) hit a new 52-week low and has $3.38 target or 8.00 % below today’s $3.67 share price. The 7 months bearish chart indicates high risk for the $51.27 million company. The 1-year low was reported on Sep, 13 by Barchart.com. If the $3.38 price target is reached, the company will be worth $4.10M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 74,669 shares traded. Cherokee Inc (NASDAQ:CHKE) has declined 29.62% since September 13, 2016 and is downtrending. It has underperformed by 46.32% the S&P500.

Analysts expect Cherokee Inc (NASDAQ:CHKE) to report $0.17 EPS on September, 14.They anticipate $0.05 EPS change or 22.73 % from last quarter’s $0.22 EPS. CHKE’s profit would be $2.37 million giving it 5.40 P/E if the $0.17 EPS is correct. After having $-0.07 EPS previously, Cherokee Inc’s analysts see -342.86 % EPS growth.

Cherokee Inc (NASDAQ:CHKE) Ratings Coverage

Among 6 analysts covering Cherokee (NASDAQ:CHKE), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Cherokee had 12 analyst reports since August 4, 2015 according to SRatingsIntel. On Wednesday, September 2 the stock rating was maintained by Brean Capital with “Buy”. Roth Capital maintained Cherokee Inc (NASDAQ:CHKE) rating on Tuesday, October 20. Roth Capital has “Buy” rating and $22 target. The firm earned “Buy” rating on Thursday, September 17 by Roth Capital. The stock of Cherokee Inc (NASDAQ:CHKE) has “Neutral” rating given on Friday, March 10 by B. Riley & Co. The stock of Cherokee Inc (NASDAQ:CHKE) earned “Buy” rating by TH Capital on Thursday, September 17. TH Capital maintained the stock with “Buy” rating in Tuesday, October 20 report. Wunderlich maintained it with “Buy” rating and $18 target in Friday, September 9 report. The rating was maintained by Wunderlich on Friday, September 11 with “Buy”. As per Tuesday, August 4, the company rating was maintained by Wunderlich. The firm has “Buy” rating given on Sunday, August 20 by Roth Capital.

Cherokee Inc. is a marketer and manager of a portfolio of fashion and lifestyle brands it owns or represents, licensing the Cherokee, Liz Lange, Completely Me by Liz Lange, Hawk, Tony Hawk, Sideout, Carole Little, Everyday California , Flip Flop Shops and ale by alessandra brands and related brands in various consumer product categories and sectors. The company has market cap of $51.27 million. The Firm operates in the segment of marketing and licensing of brand names and trademarks for apparel, footwear and accessories. It currently has negative earnings. It is a licensor of style focused lifestyle brands for apparel, footwear, home products and accessories.

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