Cato (NYSE:CATO – Get Free Report) announced its quarterly earnings results on Thursday. The specialty retailer reported $0.06 EPS for the quarter, Zacks reports. Cato had a net margin of 0.01% and a return on equity of 0.05%.
Cato Price Performance
Shares of NYSE:CATO opened at $3.72 on Thursday. The stock has a market cap of $74.33 million, a price-to-earnings ratio of -372.03 and a beta of 0.57. Cato has a 12 month low of $2.59 and a 12 month high of $4.91. The stock’s 50 day moving average price is $3.31 and its 200 day moving average price is $3.12.
Analyst Ratings Changes
Separately, Weiss Ratings raised Cato from a “sell (e+)” rating to a “sell (d)” rating in a report 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”.
Hedge Funds Weigh In On Cato
An institutional investor recently raised its stake in Cato stock. Goldman Sachs Group Inc. increased its position in Cato Corporation (The) (NYSE:CATO – Free Report) by 76.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,437 shares of the specialty retailer’s stock after buying an additional 20,521 shares during the quarter. Goldman Sachs Group Inc. owned about 0.24% of Cato worth $158,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 61.10% of the company’s stock.
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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