Cato - CATO Stock Forecast, Price & News

Cato's stock was trading at $9.33 on January 1st, 2023. Since then, CATO stock has increased by 3.0% and is now trading at $9.61.
View the best growth stocks for 2023 here.

Cato saw a decline in short interest in the month of December. As of December 30th, there was short interest totaling 999,700 shares, a decline of 17.4% from the December 15th total of 1,210,000 shares. Based on an average daily trading volume, of 215,800 shares, the short-interest ratio is currently 4.6 days. Currently, 6.1% of the company's shares are sold short.
View Cato's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023.
View our CATO earnings forecast.

The Cato Co. (NYSE:CATO) announced its quarterly earnings results on Thursday, November, 17th. The specialty retailer reported ($0.21) earnings per share for the quarter. The specialty retailer earned $176.63 million during the quarter. Cato had a negative net margin of 0.46% and a negative trailing twelve-month return on equity of 1.40%.

Cato announced a quarterly dividend on Friday, November 18th. Investors of record on Friday, December 23rd will be paid a dividend of $0.17 per share on Tuesday, January 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend is Thursday, December 22nd.
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 6.69%. 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 a variety of institutional and retail investors. Top institutional shareholders include Janney Montgomery Scott LLC (0.09%), Marquette Asset Management LLC (0.07%), Newbridge Financial Services Group Inc. (0.03%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). 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 $9.61.

Cato (NYSE:CATO) has a market capitalization of $203.54 million and generates $769.27 million in revenue each year. The specialty retailer earns $36.84 million in net income (profit) each year or ($0.16) 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.