Cato (NYSE:CATO) Issues Quarterly Earnings Results

Cato (NYSE:CATO) posted its quarterly earnings results on Thursday. The specialty retailer reported $0.35 EPS for the quarter, Zacks reports. The firm had revenue of $176.51 million during the quarter. Cato had a negative return on equity of 11.29% and a negative net margin of 2.93%.

Cato Trading Down 3.3%

Shares of CATO opened at $3.6830 on Friday. Cato has a 1 year low of $2.19 and a 1 year high of $6.70. The stock has a 50 day simple moving average of $2.93 and a 200-day simple moving average of $2.89. The stock has a market cap of $72.70 million, a PE ratio of -3.65 and a beta of 0.85.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Cato from a “sell” rating to a “hold” rating in a report on Saturday, May 24th.

Hedge Funds Weigh In On Cato

An institutional investor recently raised its position in Cato stock. Goldman Sachs Group Inc. lifted its stake in Cato Corporation (The) (NYSE:CATO) by 76.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,437 shares of the specialty retailer’s stock after buying an additional 20,521 shares during the period. Goldman Sachs Group Inc. owned about 0.24% of Cato worth $158,000 at the end of the most recent reporting period. 61.10% of the stock is currently owned by institutional investors and hedge funds.

Cato Company Profile

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.