Cato (NYSE:CATO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cato (NYSE:CATO) to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings lowered Cato from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Cato Stock Down 0.7%

Cato stock opened at $2.43 on Friday. The firm has a market cap of $48.46 million, a PE ratio of -8.11 and a beta of 0.53. Cato has a 52-week low of $2.30 and a 52-week high of $4.66. The company’s 50 day moving average is $2.92 and its two-hundred day moving average is $3.02.

Cato (NYSE:CATO) last issued its quarterly earnings results on Tuesday, August 25th. The specialty retailer reported $0.06 EPS for the quarter. The company had revenue of $165.50 million during the quarter. Cato had a negative net margin of 0.87% and a negative return on equity of 3.39%.

Institutional Trading of Cato

An institutional investor recently bought a new position in Cato stock. NewEdge Advisors LLC acquired a new stake in Cato Corporation (The) (NYSE:CATO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 42,436 shares of the specialty retailer’s stock, valued at approximately $137,000. NewEdge Advisors LLC owned about 0.21% of Cato as of its most recent filing with the Securities and Exchange Commission. 61.10% of the stock is owned by institutional investors and hedge funds.

About Cato

The Cato Corporation is a specialty retailer of fashion apparel and accessories for women and children. Its merchandise includes dresses, tops, bottoms, outerwear, footwear, jewelry, handbags and other accessories, with products generally positioned for value-conscious shoppers.

The company operates several retail brands, including Cato, Versona and It’s Fashion. Cato stores offer women’s clothing and accessories, while Versona focuses primarily on women’s jewelry and accessories. The company also operates It’s Fashion locations, which offer apparel, footwear and accessories, and sells merchandise through its e-commerce channels.

Founded in 1946 and headquartered in Charlotte, North Carolina, The Cato Corporation serves customers primarily through stores located across the United States, with a concentration in the Southeast and other regional markets.