Cato (NYSE:CATO) Announces Earnings Results

Cato (NYSE:CATO) announced its earnings results on Thursday. The specialty retailer reported $0.06 earnings per share for the quarter, Zacks reports. Cato had a negative net margin of 0.87% and a negative return on equity of 3.41%. The business had revenue of $165.50 million during the quarter.

Cato Price Performance

Shares of CATO stock opened at $2.93 on Friday. Cato has a 1-year low of $2.59 and a 1-year high of $4.91. The business’s fifty day moving average price is $3.30 and its 200 day moving average price is $3.11. The firm has a market capitalization of $58.48 million, a PE ratio of -9.77 and a beta of 0.57.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Cato from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cato stock. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Cato Corporation (The) (NYSE:CATO) in the first quarter, according to its most recent filing with the SEC. The firm purchased 52,265 shares of the specialty retailer’s stock, valued at approximately $174,000. Jacobs Levy Equity Management Inc. owned 0.26% of Cato at the end of the most recent quarter. 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.