Wall Street Zen Upgrades Cato (NYSE:CATO) to “Sell”
by Tristan Rich · The Markets DailyCato (NYSE:CATO – Get Free Report) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings downgraded shares of Cato from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.
Cato Trading Up 0.2%
Shares of Cato stock opened at $2.46 on Friday. The company’s fifty day simple moving average is $2.94 and its two-hundred day simple moving average is $3.02. The company has a market cap of $48.90 million, a P/E ratio of -8.19 and a beta of 0.53. Cato has a 12-month low of $2.30 and a 12-month high of $4.66.
Cato (NYSE:CATO – Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The specialty retailer reported $0.06 EPS for the quarter. Cato had a negative net margin of 0.87% and a negative return on equity of 3.39%. The business had revenue of $165.50 million during the quarter.
Institutional Investors Weigh In On Cato
An institutional investor recently bought a new stake in Cato stock. NewEdge Advisors LLC acquired a new position in Cato Corporation (The) (NYSE:CATO – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 42,436 shares of the specialty retailer’s stock, valued at approximately $137,000. NewEdge Advisors LLC owned about 0.21% of Cato as of its most recent SEC filing. Institutional investors own 61.10% of the company’s stock.
Cato Company Profile
The Cato Corporation is a specialty retailer of fashion apparel and accessories for women and children. Its merchandise includes dresses, tops, bottoms, outerwear, footwear, jewelry, handbags and other accessories, with products generally positioned for value-conscious shoppers.
The company operates several retail brands, including Cato, Versona and It’s Fashion. Cato stores offer women’s clothing and accessories, while Versona focuses primarily on women’s jewelry and accessories. The company also operates It’s Fashion locations, which offer apparel, footwear and accessories, and sells merchandise through its e-commerce channels.
Founded in 1946 and headquartered in Charlotte, North Carolina, The Cato Corporation serves customers primarily through stores located across the United States, with a concentration in the Southeast and other regional markets.