Cato (NYSE:CATO) Posts Quarterly Earnings Results

Key Points

• Quarterly results: Cato reported an EPS loss of ($0.55) on revenue of $151.66 million and showed a negative return on equity (‑5.46%) and net margin (‑1.38%).
• Market snapshot: Shares opened around $2.90 with a market cap of $57.27 million, a negative P/E of ‑5.80, and a 52‑week range of $2.19–$4.91.
• Institutional activity: Goldman Sachs increased its position by 76.2% to 47,437 shares (about 0.24% of the company, ~$158k) and institutional investors now own 61.10% of the stock.

Cato (NYSE:CATO - Get Free Report) issued its quarterly earnings data on Thursday. The specialty retailer reported ($0.55) EPS for the quarter, Zacks reports. The company had revenue of $151.66 million for the quarter. Cato had a negative return on equity of 5.46% and a negative net margin of 1.38%.

Cato Stock Performance

CATO stock opened at $2.90 on Friday. The stock has a 50-day moving average price of $3.15 and a two-hundred day moving average price of $3.58. The stock has a market cap of $57.27 million, a PE ratio of -5.80 and a beta of 0.59. Cato has a 1 year low of $2.19 and a 1 year high of $4.91.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cato stock. Goldman Sachs Group Inc. increased its position in shares of Cato Corporation (The) (NYSE:CATO - Free Report) by 76.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 0.24% of Cato worth $158,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 61.10% of the company's stock.

Cato Company Profile

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.

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