Cato (NYSE:CATO) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Cato Corporation (The) (NYSE:CATO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.32 and traded as high as $4.04. Cato shares last traded at $3.85, with a volume of 25,253 shares trading hands.

Wall Street Analysts Forecast Growth

CATO has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Cato to a “buy” rating in a research report on Saturday, October 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cato in a research note on Thursday, October 30th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cato currently has an average rating of “Sell”.

Cato Stock Down 2.5%

The business’s 50 day moving average is $4.25 and its 200-day moving average is $3.32. The firm has a market capitalization of $75.95 million, a P/E ratio of -3.81 and a beta of 0.85.

Cato (NYSE:CATO) last announced its quarterly earnings data on Thursday, August 21st. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $176.51 million for the quarter. Cato had a negative net margin of 2.93% and a negative return on equity of 11.23%.

Institutional Trading of Cato

A number of hedge funds and other institutional investors have recently modified their holdings of CATO. Goldman Sachs Group Inc. grew its stake in shares of Cato by 76.2% during the first quarter. Goldman Sachs Group Inc. now owns 47,437 shares of the specialty retailer’s stock worth $158,000 after buying an additional 20,521 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Cato during the first quarter worth $174,000. Prescott Group Capital Management L.L.C. grew its stake in shares of Cato by 13.7% during the first quarter. Prescott Group Capital Management L.L.C. now owns 166,040 shares of the specialty retailer’s stock worth $553,000 after buying an additional 20,000 shares during the last quarter. Finally, Peapod Lane Capital LLC grew its stake in shares of Cato by 13.5% during the first quarter. Peapod Lane Capital LLC now owns 656,690 shares of the specialty retailer’s stock worth $2,187,000 after buying an additional 78,058 shares during the last quarter. Institutional investors own 61.10% of the company’s stock.

About Cato

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.