Cato (NYSE:CATO) Announces Earnings Results

Cato (NYSE:CATO) announced its quarterly earnings data on Thursday. The specialty retailer reported $0.06 earnings per share for the quarter, Zacks reports. Cato had a return on equity of 0.05% and a net margin of 0.01%.

Cato Trading Up 5.5%

NYSE:CATO opened at $3.72 on Thursday. The stock has a 50 day moving average of $3.31 and a 200-day moving average of $3.12. The firm has a market capitalization of $74.33 million, a PE ratio of -372.03 and a beta of 0.57. Cato has a 52 week low of $2.59 and a 52 week high of $4.91.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Cato stock. Jacobs Levy Equity Management Inc. bought a new stake in Cato Corporation (The) (NYSE:CATO) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 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 filing with the Securities & Exchange Commission. 61.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cato presently has a consensus rating of “Sell”.

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.