Wall Street Zen upgraded shares of Cato (NYSE:CATO - Free Report) from a sell rating to a hold rating in a report published on Saturday.
Cato Trading Up 1.2%
NYSE:CATO traded up $0.03 during midday trading on Friday, hitting $2.58. 42,253 shares of the company were exchanged, compared to its average volume of 110,118. Cato has a fifty-two week low of $2.19 and a fifty-two week high of $6.70. The company has a market capitalization of $51.80 million, a PE ratio of -1.87 and a beta of 0.71. The company has a fifty day simple moving average of $2.68 and a 200 day simple moving average of $3.30.
Cato (NYSE:CATO - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter. Cato had a negative net margin of 4.11% and a negative return on equity of 14.41%. The company had revenue of $170.24 million for the quarter.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Peapod Lane Capital LLC purchased a new position in Cato during the 4th quarter worth $2,257,000. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Cato in the fourth quarter valued at about $570,000. Barclays PLC boosted its holdings in shares of Cato by 130.9% in the third quarter. Barclays PLC now owns 5,155 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 2,922 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Cato by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 85,621 shares of the specialty retailer's stock valued at $427,000 after acquiring an additional 24,522 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cato in the fourth quarter valued at about $26,000. 61.10% of the stock is owned by hedge funds and other institutional investors.
About Cato
(
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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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