Revenue Update on Cherokee Inc(NASDAQ:CHKE)

Cherokee Inc(NASDAQ:CHKE) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Jun 9, 2016. Company reported revenue of $10.68M. Analysts estimated a revenue of $11.23M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.42.

Cherokee Inc (CHKE) shares turned negative on Tuesdays trading session with the shares closing down -0.25 points or -2.02% at a volume of 1,20,191. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.59. The peak price level was also seen at $12.59 while the days lowest was $11.9. Finally the shares closed at $12.1. The 52-week high of the shares is $29.72 while the 52-week low is $11.9. According to the latest information available, the market cap of the company is $106 M.

Several Insider Transactions has been reported to the SEC. On Sep 17, 2015, Jess M Ravich (director) purchased 17,877 shares at $15.20 per share price.Also, On Jun 19, 2015, Howard B Siegel (President) sold 10,000 shares at $26.47 per share price.

Cherokee Inc. is a marketer and manager of a portfolio of fashion and lifestyle brands it owns or represents and related trademarks and other brands in multiple consumer product categories and sectors. The Company is engaged in marketing and licensing of brand names and trademarks for apparel footwear and accessories. The Company owns several trademarks including Cherokee Liz Lange Completely Me by Liz Lange Hawk Tony Hawk Sideout Sideout Sport Carole Little Saint Tropez-West Chorus Line All That Jazz and others. In addition to licensing its own brands the Company assists other companies in identifying licensee or licensor for their brands or stores and partner with individuals to market and license their lifestyle brands. When representing brands the Company offers a range of services including marketing of brands solicitation of licensees contract negotiations and administration and maintenance of license or distribution agreements.

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