Cato (NYSE:CATO) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Cato Corporation (The) (NYSE:CATO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.17 and traded as high as $4.40. Cato shares last traded at $4.40, with a volume of 34,568 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cato in a research note on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Cato Price Performance

The stock has a market capitalization of $86.81 million, a P/E ratio of -4.36 and a beta of 0.85. The stock’s fifty day moving average is $3.90 and its 200-day moving average is $3.17.

Cato (NYSE:CATO) last issued its quarterly earnings data on Thursday, August 21st. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $176.51 million during the quarter. Cato had a negative net margin of 2.93% and a negative return on equity of 11.23%.

Institutional Investors Weigh In On Cato

A number of large investors have recently bought and sold shares of CATO. Goldman Sachs Group Inc. boosted its holdings in Cato by 76.2% during the first quarter. Goldman Sachs Group Inc. now owns 47,437 shares of the specialty retailer’s stock valued at $158,000 after acquiring an additional 20,521 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Cato during the first quarter valued at about $174,000. Prescott Group Capital Management L.L.C. boosted its holdings in Cato by 13.7% during the first quarter. Prescott Group Capital Management L.L.C. now owns 166,040 shares of the specialty retailer’s stock valued at $553,000 after acquiring an additional 20,000 shares during the period. Finally, Peapod Lane Capital LLC boosted its holdings in Cato by 13.5% during the first quarter. Peapod Lane Capital LLC now owns 656,690 shares of the specialty retailer’s stock valued at $2,187,000 after acquiring an additional 78,058 shares during the period. 61.10% of the stock is currently owned by institutional investors.

About Cato

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.