Cato (NYSE:CATO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cato (NYSE:CATO) to a buy rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cato in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Cato presently has a consensus rating of “Sell”.

Cato Stock Performance

NYSE:CATO opened at $4.09 on Friday. Cato has a 52 week low of $2.19 and a 52 week high of $6.70. The firm has a market cap of $80.70 million, a price-to-earnings ratio of -4.05 and a beta of 0.85. The firm’s 50-day simple moving average is $4.08 and its 200 day simple moving average is $3.20.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CATO. Prescott Group Capital Management L.L.C. increased its stake in Cato by 13.7% during the 1st quarter. Prescott Group Capital Management L.L.C. now owns 166,040 shares of the specialty retailer’s stock valued at $553,000 after purchasing an additional 20,000 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Cato by 76.2% in the first quarter. Goldman Sachs Group Inc. now owns 47,437 shares of the specialty retailer’s stock valued at $158,000 after purchasing an additional 20,521 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Cato in the first quarter valued at about $174,000. Finally, Peapod Lane Capital LLC raised its holdings in shares of Cato by 13.5% in the first quarter. Peapod Lane Capital LLC now owns 656,690 shares of the specialty retailer’s stock valued at $2,187,000 after purchasing an additional 78,058 shares during the last quarter. Institutional investors and hedge funds 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.