Cato - CATO Stock Forecast, Price & News

Cato's stock was trading at $17.16 at the beginning of 2022. Since then, CATO shares have decreased by 44.1% and is now trading at $9.60.
View the best growth stocks for 2022 here.

Cato saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,340,000 shares, an increase of 6.3% from the August 15th total of 1,260,000 shares. Based on an average daily trading volume, of 120,500 shares, the short-interest ratio is presently 11.1 days. Approximately 7.7% of the company's stock are sold short.
View Cato's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 16th 2022.
View our CATO earnings forecast.

The Cato Co. (NYSE:CATO) announced its quarterly earnings data on Thursday, May, 21st. The specialty retailer reported ($1.19) earnings per share (EPS) for the quarter. The specialty retailer earned $100.73 million during the quarter. Cato had a trailing twelve-month return on equity of 3.76% and a net margin of 1.28%.

Cato announced a quarterly dividend on Monday, August 29th. Investors of record on Monday, September 12th will be given a dividend of $0.17 per share on Monday, September 26th. This represents a $0.68 annualized dividend and a yield of 7.08%. The ex-dividend date is Friday, September 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 7.08%. CATO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 154.55%. Payout ratios above 75% are not desirable because they may not be sustainable.
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 investors include Renaissance Technologies LLC (3.19%), State Street Corp (2.99%), Northern Trust Corp (0.85%), Principal Financial Group Inc. (0.55%), Yacktman Asset Management LP (0.50%) and Prudential Financial Inc. (0.41%).
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 $9.60.

Cato (NYSE:CATO) has a market capitalization of $203.33 million and generates $769.27 million in revenue each year. The specialty retailer earns $36.84 million in net income (profit) each year or $0.44 on an earnings per share basis.

The company employs 7,500 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.