Cato (NYSE:CATO) Issues Quarterly Earnings Results

Cato (NYSE:CATO) announced its earnings results on Thursday. The specialty retailer reported ($0.28) earnings per share (EPS) for the quarter, Zacks reports. Cato had a negative return on equity of 11.23% and a negative net margin of 2.93%.The business had revenue of $155.40 million for the quarter.

Cato Stock Down 1.6%

CATO stock opened at $3.30 on Friday. The stock has a market capitalization of $65.00 million, a price-to-earnings ratio of -3.26 and a beta of 0.78. Cato has a 52-week low of $2.19 and a 52-week high of $4.91. The stock’s fifty day simple moving average is $4.06 and its 200-day simple moving average is $3.42.

Analyst Upgrades and Downgrades

CATO has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Cato in a research note on Thursday, October 30th. Wall Street Zen upgraded Cato to a “buy” rating in a report on Saturday, October 18th. 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 Trading of Cato

An institutional investor recently raised its position in Cato stock. Goldman Sachs Group Inc. raised its holdings in Cato Corporation (The) (NYSE:CATO) by 76.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,437 shares of the specialty retailer’s stock after buying an additional 20,521 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.24% of Cato worth $158,000 at the end of the most recent quarter. 61.10% of the stock is owned by institutional investors.

Cato Company Profile

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.