Cherokee (NASDAQ:CHKE) was downgraded by stock analysts at Thomson Reuters/Verus from a “hold” rating to a “sell” rating in a report issued on Monday, American Banking News reports.
Cherokee (NASDAQ:CHKE) traded down 0.15% on Monday, hitting $12.99. 10,637 shares of the company’s stock traded hands. Cherokee has a 52-week low of $11.75 and a 52-week high of $15.29. The stock has a 50-day moving average of $12.29 and a 200-day moving average of $13.02. The company has a market cap of $109.2 million and a P/E ratio of 16.47.
Cherokee (NASDAQ:CHKE) last announced its earnings results on Thursday, September 12th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.04. The company had revenue of $7.50 million for the quarter, compared to the consensus estimate of $6.31 million. On average, analysts predict that Cherokee will post $0.91 earnings per share for the current fiscal year.
Separately, analysts at TheStreet downgraded shares of Cherokee (NASDAQ:CHKE) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 4th.
Cherokee Inc is a global marketer and manager of a portfolio of lifestyle brands it owns or represents, licensing the Cherokee, Sideout and Carole Little brands and related trademarks and other brands in multiple consumer product categories and sectors.