Cato (NYSE:CATO) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Cato Corporation (The) (NYSE:CATO) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.10 and traded as high as $3.47. Cato shares last traded at $3.3720, with a volume of 202,484 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Cato from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Cato Price Performance

The company has a 50 day simple moving average of $3.15 and a 200-day simple moving average of $3.10. The firm has a market cap of $67.31 million, a PE ratio of -336.86 and a beta of 0.58.

Cato (NYSE:CATO) last released its quarterly earnings data on Tuesday, May 26th. The specialty retailer reported $0.47 EPS for the quarter. Cato had a return on equity of 0.05% and a net margin of 0.01%.The firm had revenue of $171.10 million for the quarter.

Institutional Investors Weigh In On Cato

A hedge fund recently bought a new position in Cato stock. Jacobs Levy Equity Management Inc. purchased a new position in Cato Corporation (The) (NYSE:CATO) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 52,265 shares of the specialty retailer’s stock, valued at approximately $174,000. Jacobs Levy Equity Management Inc. owned 0.26% of Cato as of its most recent SEC filing. 61.10% of the stock is currently owned by hedge funds and other institutional investors.

About Cato

Cato Corporation is a specialty apparel retailer headquartered in Charlotte, North Carolina. Founded in 1946 by Carl and Bernice Cato, the company operates two banner store concepts—Cato and Versona—and maintains an e-commerce platform to extend its reach beyond brick-and-mortar locations. Cato’s retail mission centers on providing fashionable women’s clothing and accessories at moderate price points.

With over 1,200 stores across more than 30 U.S. states, primarily concentrated in the Southeastern and Mid-Atlantic regions, Cato serves a broad customer base seeking everyday and occasion-driven wardrobe solutions.