Cherokee Inc. (NASDAQ:CHKE) has made a 74.26% comeback from a 12-month low price of $1.66. It was seen 52.63% higher, changing the price to $2.9, when the closing bell rang on 11/13/2017. At recent session, the prices were hovering between $1.9 and $3.05. This company shares are 150% off its target price of $7.25 and the current market capitalization stands at $37.85M. The recent change has given its price a 3.2% lead over SMA 50 and -75.32% deficit over its 52-week high. The stock witnessed 20.83% gains, -36.96% declines and -71.71% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CHKE’s volatility during a week at 24.33% and during a month it has been found around 11.37%.Cherokee Inc. (CHKE) Top Holders
Institutional investors currently hold around $18 million or 69% in CHKE stock. Look at its top three institutional owners. Cove Street Capital, Llc owns $4.69 million in Cherokee Inc., which represents roughly 12.39% of the company’s market cap and approximately 26.04% of the institutional ownership. Similar statistics are true for the second largest owner, Hcsf Management, Llc, which owns 1,654,397 shares of the stock are valued at $3.14 million. The third largest holder is Northpointe Capital Llc, which currently holds $1.27 million worth of this stock and that ownership represents nearly 3.34% of its market capitalization.Cherokee Inc. 13F Filings
At the end of 06/30/2017 reporting period, 16 institutional holders increased their position in Cherokee Inc. (NASDAQ:CHKE) by some 577,164 shares, 26 decreased positions by 1,735,333 and 14 held positions by 7,134,606. That puts total institutional holdings at 9,447,103 shares, according to SEC filings. The stock grabbed 2 new institutional investments totaling 41,550 shares while 10 institutional investors sold out their entire positions totaling 989,486 shares.
Multiple company employees have indulged in significant insider trading. Cherokee Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Engel Susan E has acquired 1,000 shares of Cherokee Inc. (CHKE) in trading session dated Jul. 12, 2017. These shares are worth $5,000 and were traded at $5 each. The SEC filing shows that Headlands Strategic Opportunit performed a purchase of 91,780 shares. The 10% Owner added these shares by way of transaction on May. 12, 2017. The company’s shares were assimilated at $8.5 per share worth to an investment of some $780,130 on account of Headlands Strategic Opportunit.
10% Owner, Headlands Strategic Opportunit, purchased 464,429 common shares of Cherokee Inc. (CHKE) in the open market. In a transaction dated Nov. 29, 2016, the shares were bought at an average price of $9.5, giving away a sum of $4,412,076. After this purchase, 1,562,617 common shares of CHKE are directly owned by the insider, with total stake valued at $4,531,589.
In the transaction dated Nov. 29, 2016, the great number of shares acquired came courtesy the Director; Ravich Jess M added a total of 101,602 shares at an average price of $9.5, amounting to approximately $965,219. The insider now directly owns 341,848 shares worth $991,359.Cherokee Inc. (CHKE) Analyst Guide
Not many analysts have released their opinion on Cherokee Inc. (NASDAQ:CHKE), with 2 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.