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CHKE

Cherokee

$10.00

-0.5 (-4.76%)

08:58
11/29/16
11/29
08:58
11/29/16
08:58

Cherokee agrees to acquire Hi-Tec Sports

Cherokee announced that it has entered into a definitive agreement to acquire all issued and outstanding share capital of Hi-Tec Sports International Holdings, a global footwear company, for an aggregate cash purchase price of approximately $95.8M on a cash-free debt-free basis, based on normalized working capital. Subject to post-closing adjustments, and after giving effect to the asset sales and the other transactions described below, we expect that the purchase price for the Hi-Tec intellectual property assets to be retained by us will be approximately $62M. The company has entered into definitive agreements to sell certain assets related to Hi-Tec's wholesale operations to new operating partners, the proceeds of which will be used to fund a portion of the Hi-Tec Acquisition. Prior to or in connection with the closing of the Hi-Tec Acquisition, the new operating partner licensees have entered or will enter into license agreements with Cherokee, pursuant to which each operating partner will pay the company royalties for the future use of certain Hi-Tec intellectual property. To fund a portion of the purchase price, the company also entered into a commitment letter for a new $50 million credit facility with Cerberus Business Finance, LLC and a commitment letter for a $5M receivables funding loan to be provided by Mr. Jess Ravich, Chairman of the company's board.

  • 29

    Nov

CHKE Cherokee
$10.00

-0.5 (-4.76%)

12/17/15
BMUR
12/17/15
NO CHANGE
Target $23
BMUR
Buy
Cherokee price target lowered to $23 from $28 at Brean Capital
Brean Capital lowered its price target on Cherokee to $23 from $28 following Q3 results that came in below expectations. The firm believes the company's growth was affected by initiatives that will eventually leverage its 360 degree platform, but they see product launches and increasing brand awareness and multiple growth opportunities keeping the company well positioned to increase earnings. Brean Capital reiterated its Buy rating on Cherokee shares.
06/13/16
ROTH
06/13/16
NO CHANGE
Target $18
ROTH
Buy
Cherokee price target lowered to $18 from $22 at Roth Capital
Roth Capital analyst Dave King lowered his price target for Cherokee to $18 from $22 after the company reported quarterly results. While EPS fell short of estimates on higher expenses, Cherokee's revenue exceeded consensus, helped by organic growth for the company's namesake brand, the analyst tells investors in a research note. King continues to recommend Cherokee for its unique brand licensing approach, robust margins, and strong cash flows. He reiterates a Buy rating on the shares.

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AAPL

Apple

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2.91 (1.65%)

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  • 01

    Feb

MPVD

Mountain Province Diamonds

$2.83

0.075 (2.73%)

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WAC

Walter Investment

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0.0347 (4.81%)

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TM

Toyota

$140.72

2.75 (1.99%)

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Kobe Steel

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2.75 (1.99%)

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Kobe Steel

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CBOE

Cboe Global Markets

$131.52

0.73 (0.56%)

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Bitcoin

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CBOE

Cboe Global Markets

$131.52

0.73 (0.56%)

BTC

Bitcoin

BITCOIN

Bitcoin

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  • 09

    Feb

GWRE

Guidewire

$75.64

0.19 (0.25%)

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AAPL

Apple

$179.10

2.91 (1.65%)

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Recommendations
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  • 01

    Feb

OBE

Obsidian Energy

$1.21

-0.03 (-2.42%)

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SN

Sanchez Energy

$5.81

0.16 (2.83%)

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  • 15

    May

SN

Sanchez Energy

$5.81

0.16 (2.83%)

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  • 15

    May

NTDOY

Nintendo

$51.53

1.55 (3.10%)

17:32
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  • 17

    Jan

PTC

PTC

$66.70

1.41 (2.16%)

, ESIO

Electro Scientific

$22.01

1.91 (9.50%)

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PTC

PTC

$66.70

1.41 (2.16%)

ESIO

Electro Scientific

$22.01

1.91 (9.50%)

NEOT

Neothetics

$1.92

0.0793 (4.31%)

PLXS

Plexus

$64.36

0.59 (0.93%)

AA

Alcoa

$56.99

0.75 (1.33%)

SLM

Sallie Mae

$11.49

0.02 (0.17%)

ARWR

Arrowhead

$5.72

0.12 (2.14%)

PRTK

Paratek Pharmaceuticals

$17.68

-0.075 (-0.42%)

IIPR

Innovative Industrial Properties

$31.30

-2.49 (-7.37%)

ECC

Eagle Point Credit

$19.13

-0.39 (-2.00%)

AGIO

Agios Pharmaceuticals

$70.33

1.53 (2.22%)

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  • 17

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    Jan

BTU

Peabody Energy

$40.00

0.42 (1.06%)

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  • 07

    Feb

MLNX

Mellanox

$64.30

-0.45 (-0.69%)

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  • 18

    Jan

APHB

AmpliPhi

$1.12

0.03 (2.75%)

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Syndicate
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JNJ

Johnson & Johnson

$146.98

0.12 (0.08%)

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  • 23

    Jan

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  • 08

    Mar

EVEP

EV Energy

$0.89

0.015 (1.71%)

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HBM

Hudbay Minerals

$10.05

0.1 (1.01%)

17:02
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SFE

Safeguard Scientifics

$10.85

-0.15 (-1.36%)

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Safeguard Scientifics to implement changes in business strategy and operations »

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MSI

Motorola Solutions

$97.28

1.42 (1.48%)

, SSTI

ShotSpotter

$16.10

0.06 (0.37%)

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MSI

Motorola Solutions

$97.28

1.42 (1.48%)

SSTI

ShotSpotter

$16.10

0.06 (0.37%)

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  • 20

    Feb

ERIE

Erie Indemnity

$117.23

1.44 (1.24%)

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AAPL

Apple

$179.10

2.91 (1.65%)

16:52
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Periodicals
Apple to issue $2,500 restricted stock bonuses to workers, Bloomberg says »

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  • 01

    Feb

SLM

Sallie Mae

$11.49

0.02 (0.17%)

16:51
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Earnings
Sallie Mae reports Q4 core EPS 19c, consensus 19c »

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  • 18

    Jan

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General news
Treasury TIC flows: foreign accounts bought $33.8 B in total U.S. assets »

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VZ

Verizon

$51.72

0.06 (0.12%)

16:43
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Verizon to record cumulative adjustment to retained earnings during 1Q18 »

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  • 23

    Jan

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