Cato (NYSE:CATO) Releases Quarterly Earnings Results

Cato (NYSE:CATO) announced its quarterly earnings data on Thursday. The specialty retailer reported ($0.55) earnings per share (EPS) for the quarter, Zacks reports. Cato had a negative net margin of 1.38% and a negative return on equity of 5.46%. The firm had revenue of $151.66 million during the quarter.

Cato Stock Up 1.6%

NYSE:CATO traded up $0.05 on Friday, hitting $2.95. The stock had a trading volume of 845 shares, compared to its average volume of 54,280. The company has a fifty day moving average price of $3.15 and a two-hundred day moving average price of $3.58. Cato has a 1-year low of $2.19 and a 1-year high of $4.91. The stock has a market cap of $58.18 million, a price-to-earnings ratio of -5.89 and a beta of 0.59.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cato stock. Jacobs Levy Equity Management Inc. acquired a new position in Cato Corporation (The) (NYSE:CATO) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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 & Exchange Commission. 61.10% of the stock is owned by institutional investors and hedge funds.

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.