Cato (NYSE:CATO - Get Free Report) released its earnings results on Thursday. The specialty retailer reported $0.17 EPS for the quarter, Zacks reports. Cato had a negative net margin of 4.11% and a negative return on equity of 14.41%.
Cato Stock Performance
Shares of NYSE CATO traded up $0.10 during midday trading on Thursday, reaching $2.53. The stock had a trading volume of 4,437 shares, compared to its average volume of 112,081. The company has a market capitalization of $50.80 million, a price-to-earnings ratio of -1.83 and a beta of 0.71. Cato has a 12-month low of $2.19 and a 12-month high of $6.70. The stock has a 50-day moving average of $2.73 and a 200-day moving average of $3.45.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Cato stock. Jacobs Levy Equity Management Inc. acquired a new stake in shares of The Cato Co. (NYSE:CATO - Free Report) during the 1st quarter, according to the company in 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 about 0.26% of Cato at the end of the most recent reporting period. 61.10% of the stock is currently owned by institutional investors.
Cato Company Profile
(
Get Free Report)
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.
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