Cato (NYSE:CATO) Posts Quarterly Earnings Results

Cato (NYSE:CATO) issued its quarterly earnings data on Thursday. The specialty retailer reported $0.06 earnings per share for the quarter, Zacks reports. Cato had a return on equity of 0.05% and a net margin of 0.01%.The firm had revenue of $165.50 million during the quarter.

Cato Trading Down 18.9%

NYSE:CATO opened at $3.04 on Friday. The company has a market capitalization of $60.68 million, a P/E ratio of -303.70 and a beta of 0.57. Cato has a 12 month low of $2.59 and a 12 month high of $4.91. The firm has a fifty day simple moving average of $3.30 and a 200-day simple moving average of $3.12.

Analyst Upgrades and Downgrades

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

Institutional Trading of Cato

A hedge fund recently raised its stake in Cato stock. Goldman Sachs Group Inc. boosted its position in Cato Corporation (The) (NYSE:CATO) by 76.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,437 shares of the specialty retailer’s stock after buying an additional 20,521 shares during the period. Goldman Sachs Group Inc. owned approximately 0.24% of Cato worth $158,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 61.10% of the company’s stock.

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.