November 30, 2016 - By Richard Conner
It was made public in a legally required form which was filled with the U.S. Security and Exchange Commission that Jess Ravich, who works for Cherokee Inc, and serves as director executed an insider deal on November 30, 2016. She paid for 101,602 shares of the public firm at an average $9.5 U.S. Dollars for a share. As disclosed in the legal form available here, the full amount of the deal was $965,219 U.S. Dollars. Mr. Jess at present owns 341,848 shares, accounting for 3.81% of Cherokee Inc’s market capitalization.
Out of 5 analysts covering Cherokee (NASDAQ:CHKE), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $33 is the highest target while $18 is the lowest. The $22.25 average target is 110.90% above today’s ($10.55) stock price. Cherokee has been the topic of 9 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by TH Capital on Thursday, September 17. TH Capital maintained the stock with “Buy” rating in Tuesday, October 20 report. The stock of Cherokee Inc (NASDAQ:CHKE) earned “Buy” rating by Wunderlich on Friday, September 9. As per Friday, September 11, the company rating was maintained by Wunderlich. The stock has “Buy” rating given by Wunderlich on Tuesday, August 4. Roth Capital maintained Cherokee Inc (NASDAQ:CHKE) on Thursday, September 17 with “Buy” rating. Roth Capital maintained Cherokee Inc (NASDAQ:CHKE) rating on Tuesday, October 20. Roth Capital has “Buy” rating and $22 price target. The firm has “Buy” rating by Brean Capital given on Wednesday, September 2.
Insitutional Activity: The institutional sentiment decreased to 0.65 in 2016 Q2. Its down 0.04, from 0.69 in 2016Q1. The ratio fall, as 16 funds sold all Cherokee Inc shares owned while 20 reduced positions. 13 funds bought stakes while 12 increased positions. They now own 4.93 million shares or 31.68% less from 7.21 million shares in 2016Q1.
Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Blackrock Advsr Ltd Liability, a Delaware-based fund reported 1,956 shares. Punch And Associates Investment Mgmt reported 308,605 shares or 0.4% of all its holdings. Credit Suisse Ag last reported 24,784 shares in the company. The Connecticut-based Paloma Partners Mngmt has invested 0% in Cherokee Inc (NASDAQ:CHKE). Diker Llc has 20,700 shares for 0.09% of their US portfolio. North Star Investment Mngmt has 106,025 shares for 0.22% of their US portfolio. New York State Common Retirement Fund last reported 2,300 shares in the company. Prescott Grp Capital Mngmt Ltd Liability Com holds 0.21% of its portfolio in Cherokee Inc (NASDAQ:CHKE) for 77,771 shares. Pnc Financial Services Group holds 0% or 500 shares in its portfolio. Bridgeway Capital Mngmt has 23,200 shares for 0% of their US portfolio. Fifth Third Retail Bank has 842 shares for 0% of their US portfolio. Invesco has 45,582 shares for 0% of their US portfolio. Vanguard Grp Inc last reported 347,519 shares in the company. Renaissance Tech Limited Liability holds 0.01% or 562,275 shares in its portfolio.
Insider Transactions: Since June 15, 2016, the stock had 4 insider purchases, and 0 selling transactions for $474,739 net activity. HEADLANDS STRATEGIC OPPORTUNITIES FUND – LP (THE PARTNERSHIP) bought 10,000 shares worth $103,819. $166,745 worth of shares were bought by RAVICH JESS M on Wednesday, June 15.
About 27,613 shares traded hands. Cherokee Inc (NASDAQ:CHKE) has declined 39.80% since April 27, 2016 and is downtrending. It has underperformed by 45.03% the S&P500.
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 a market cap of $93.29 million. The Firm operates in the segment of marketing and licensing of brand names and trademarks for apparel, footwear and accessories. It has a 13.24 P/E ratio. It is a licensor of style focused lifestyle brands for apparel, footwear, home products and accessories.
According to Zacks Investment Research, “Cherokee Inc. is a marketer and licensor of Cherokee and Sideout brand products, is continuing its negotiations for domestic and international licensing contracts covering multiple categories of merchandise. Cherokee currently has licensing agreements in many categories, including family apparel and fashion accessories, as well as luggage, cosmetics and footwear. (PRESS RELEASE)”
Analysts await Cherokee Inc (NASDAQ:CHKE) to report earnings on December, 8. They expect $0.13 EPS, down 40.91% or $0.09 from last year’s $0.22 per share. CHKE’s profit will be $1.15M for 20.29 P/E if the $0.13 EPS becomes a reality. After $0.22 actual EPS reported by Cherokee Inc for the previous quarter, Wall Street now forecasts -40.91% negative EPS growth.
Another recent and important Cherokee Inc (NASDAQ:CHKE) news was published by Nasdaq.com which published an article titled: “Cherokee Inc. Announces Entry into Hi-Tec Acquisition Documents and Pricing of ..” on November 29, 2016.
Cherokee Inc., incorporated on May 17, 1988, 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 Firm operates in the segment of marketing and licensing of brand names and trademarks for apparel, footwear and accessories. The Firm is a licensor of style focused lifestyle brands for apparel, footwear, home products and accessories. It performs a range of services, including marketing, solicitation of licensees, contract negotiations, and administration and maintenance of license or distribution agreements, among others. The Firm operates in the United States, Canada, Latin America, Asia, the United Kingdom and Europe. The Company’s brands are licensed with retail and wholesale licensees in over 50 countries and approximately 9,000 retail locations.
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