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. It operates its stores and e-commerce websites under the Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro, and Versona names. As of January 29, 2022, the company operated 1,311 stores in 32 states. It also provides credit card services to its customers, as well as layaway plans for customers who agree to make periodic payments. The company was incorporated in 1946 and is headquartered in Charlotte, North Carolina.
Analyst Ratings Changes
A number of research firms recently issued reports on CATO. TheStreet upgraded Cato from a "c+" rating to a "b" rating in a report on Thursday, May 19th. StockNews.com cut Cato from a "buy" rating to a "hold" rating in a report on Thursday, June 23rd.
Cato Price Performance
Shares of CATO Stock traded up $0.51 during mid-day trading on Tuesday, hitting $13.38. The stock had a trading volume of 93,191 shares, compared to its average volume of 118,894. Cato has a 12-month low of $10.93 and a 12-month high of $19.89. The firm has a market capitalization of $280.81 million, a P/E ratio of 11.44 and a beta of 0.87. The firm's 50-day moving average is $11.99 and its two-hundred day moving average is $13.96.
Cato (NYSE:CATO - Get Rating) last issued its earnings results on Thursday, May 19th. The specialty retailer reported $0.46 earnings per share for the quarter. Cato had a return on equity of 9.86% and a net margin of 3.39%. The business had revenue of $206.72 million during the quarter.
Cato Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 27th. Shareholders of record on Monday, June 13th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend was Friday, June 10th. Cato's dividend payout ratio is 58.12%.