Cato (CATO) Stock Forecast, Price & News

Cato's stock was trading at $9.33 at the beginning of the year. Since then, CATO stock has decreased by 8.0% and is now trading at $8.58.
View the best growth stocks for 2023 here.

Cato saw a increase in short interest in April. As of April 15th, there was short interest totaling 1,290,000 shares, an increase of 7.5% from the March 31st total of 1,200,000 shares. Based on an average daily trading volume, of 92,300 shares, the days-to-cover ratio is presently 14.0 days. Approximately 7.6% of the shares of the stock are sold short.
View Cato's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our CATO earnings forecast.

The Cato Co. (NYSE:CATO) announced its quarterly earnings results on Thursday, March, 16th. The specialty retailer reported ($0.14) earnings per share for the quarter. The specialty retailer earned $179.05 million during the quarter. Cato had a negative trailing twelve-month return on equity of 2.27% and a negative net margin of 0.71%.

Cato announced a quarterly dividend on Friday, May 19th. Stockholders of record on Monday, June 12th will be given a dividend of $0.17 per share on Monday, June 26th. This represents a $0.68 annualized dividend and a yield of 7.93%. The ex-dividend date of this dividend is Friday, June 9th.
Read our dividend analysis for CATO.

Cato (NYSE:CATO) pays an annual dividend of $0.68 per share and currently has a dividend yield of 7.93%. CATO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for CATO.

229 employees have rated Cato Chief Executive Officer John P. Derham Cato on Glassdoor.com. John P. Derham Cato has an approval rating of 45% among the company's employees. This puts John P. Derham Cato in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cato investors own include AT&T (T), Kohl's (KSS), Pfizer (PFE), Freeport-McMoRan (FCX), International Business Machines (IBM), Verizon Communications (VZ), Bed Bath & Beyond (BBBY), Bristol-Myers Squibb (BMY), CVS Health (CVS) and Ford Motor (F).

Cato trades on the New York Stock Exchange (NYSE) under the ticker symbol "CATO."

Cato's stock is owned by many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.76%), BlackRock Inc. (6.45%), Aldebaran Capital LLC (3.09%), Renaissance Technologies LLC (3.02%), Hotchkis & Wiley Capital Management LLC (2.13%) and Geode Capital Management LLC (1.69%). Insiders that own company stock include Bailey W Patrick and John P D Cato.
View institutional ownership trends.

Shares of CATO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CATO stock can currently be purchased for approximately $8.58.

Cato (NYSE:CATO) has a market capitalization of $175.80 million and generates $759.26 million in revenue each year. The specialty retailer earns $30,000.00 in net income (profit) each year or ($0.24) on an earnings per share basis.

The company employs 7,600 workers across the globe.

Cato's mailing address is 8100 Denmark Road, Charlotte NC, 28273. The official website for the company is www.catofashions.com. The specialty retailer can be reached via phone at (704) 554-8510 or via fax at 704-551-7594.