Cato (NYSE:CATO) Posts Earnings Results

Cato (NYSE:CATO) released its earnings results on Thursday. The specialty retailer reported $0.06 EPS for the quarter, Zacks reports. Cato had a return on equity of 0.05% and a net margin of 0.01%.

Cato Stock Performance

NYSE:CATO opened at $3.72 on Thursday. The company has a market capitalization of $74.33 million, a price-to-earnings ratio of -372.03 and a beta of 0.57. Cato has a one year low of $2.59 and a one year high of $4.91. The stock has a 50-day simple moving average of $3.31 and a 200 day simple moving average of $3.12.

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 note on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cato has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Cato stock. Jacobs Levy Equity Management Inc. bought a new position in Cato Corporation (The) (NYSE:CATO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 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 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.