Cato Corporation (The) (NYSE:CATO – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.
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 analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
View Our Latest Stock Report on CATO
Cato Stock Up 2.8%
Cato (NYSE:CATO – Get Free Report) last announced its earnings results on Tuesday, May 26th. The specialty retailer reported $0.47 earnings per share for the quarter. The company had revenue of $171.10 million for the quarter. Cato had a return on equity of 0.05% and a net margin of 0.01%.
Institutional Investors Weigh In On Cato
A hedge fund recently bought a new stake in Cato stock. Jacobs Levy Equity Management Inc. bought a new stake in Cato Corporation (The) (NYSE:CATO – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 filing with the Securities and Exchange Commission (SEC). 61.10% of the stock is currently owned by institutional investors and hedge funds.
Cato Company Profile
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.
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