Cato Corporation (The)’s (NYSE:CATO) same-store sales dropped 7% in the month of October. Cato Corporation (The)’s stock rose by 2.2% in the first full-day of trading following the news.
CATO has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Cato Corporation (The) from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. TheStreet lowered shares of Cato Corporation (The) from a “c” rating to a “d+” rating in a research report on Thursday, August 17th.
In related news, Director Daniel Harding Stowe acquired 7,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average cost of $14.27 per share, with a total value of $99,890.00. Following the acquisition, the director now owns 16,686 shares of the company’s stock, valued at approximately $238,109.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.58% of the company’s stock.
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Shares of Cato Corporation (NYSE:CATO) opened at $15.74 on Friday. Cato Corporation has a fifty-two week low of $12.20 and a fifty-two week high of $32.99. The stock has a market cap of $334.51, a price-to-earnings ratio of 20.55 and a beta of 1.12.
Cato Corporation (The) (NYSE:CATO) last posted its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Cato Corporation (The) had a net margin of 1.92% and a return on equity of 4.37%. The company had revenue of $190.30 million during the quarter, compared to the consensus estimate of $188.00 million. During the same period in the previous year, the firm posted $0.30 EPS. The firm’s revenue was down 9.1% compared to the same quarter last year.
A number of institutional investors have recently bought and sold shares of the business. Aperio Group LLC bought a new stake in Cato Corporation (The) in the third quarter worth $450,000. State Street Corp lifted its stake in Cato Corporation (The) by 11.3% in the second quarter. State Street Corp now owns 880,952 shares of the specialty retailer’s stock worth $15,494,000 after purchasing an additional 89,475 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Cato Corporation (The) in the second quarter worth $339,000. Parametric Portfolio Associates LLC lifted its stake in Cato Corporation (The) by 13.7% in the second quarter. Parametric Portfolio Associates LLC now owns 78,168 shares of the specialty retailer’s stock worth $1,375,000 after purchasing an additional 9,434 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its stake in Cato Corporation (The) by 15.5% in the second quarter. Pinebridge Investments L.P. now owns 41,454 shares of the specialty retailer’s stock worth $729,000 after purchasing an additional 5,553 shares during the last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.
Cato Corporation (The) Company Profile
The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).
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