Cato (NYSE:CATO) Announces Quarterly Earnings Results

Cato (NYSE:CATO) posted its quarterly earnings results on Thursday. The specialty retailer reported ($0.28) earnings per share (EPS) for the quarter, Zacks reports. Cato had a negative return on equity of 11.23% and a negative net margin of 2.93%.

Cato Stock Performance

Shares of NYSE CATO traded down $0.11 during midday trading on Thursday, reaching $3.31. The company’s stock had a trading volume of 25,606 shares, compared to its average volume of 68,547. The company has a market cap of $65.29 million, a P/E ratio of -3.28 and a beta of 0.78. Cato has a fifty-two week low of $2.19 and a fifty-two week high of $5.50. The business’s 50 day moving average price is $4.10 and its two-hundred day moving average price is $3.41.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen raised Cato to a “buy” rating in a research note on Saturday, October 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Cato in a report on Thursday, October 30th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cato has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cato stock. Jacobs Levy Equity Management Inc. acquired a new position in shares of Cato Corporation (The) (NYSE:CATO) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 52,265 shares of the specialty retailer’s stock, valued at approximately $174,000. Jacobs Levy Equity Management Inc. owned about 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.

Cato Company Profile

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants.