Cato (NYSE:CATO) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Cato Corporation (The) (NYSE:CATO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.12 and traded as high as $3.78. Cato shares last traded at $3.7240, with a volume of 199,306 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings raised Cato from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Cato Price Performance

The company has a market cap of $58.48 million, a PE ratio of -292.71 and a beta of 0.57. The business’s fifty day simple moving average is $3.30 and its two-hundred day simple moving average is $3.12.

Cato (NYSE:CATO) last released its earnings results on Thursday, August 20th. The specialty retailer reported $0.06 EPS for the quarter. Cato had a net margin of 0.01% and a return on equity of 0.05%. The business had revenue of $165.50 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Cato stock. Jacobs Levy Equity Management Inc. acquired a new stake in Cato Corporation (The) (NYSE:CATO) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 52,265 shares of the specialty retailer’s stock, valued at approximately $174,000. Jacobs Levy Equity Management Inc. owned approximately 0.26% of Cato at the end of the most recent quarter. 61.10% of the stock is owned by hedge funds and other institutional investors.

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.