Cato Corporation (The) (CATO) Earns Daily Coverage Optimism Score of 0.02
News coverage about Cato Corporation (The) (NYSE:CATO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cato Corporation (The) earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave news headlines about the specialty retailer an impact score of 47.4058755174775 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Cato Reports August Same-Store Sales Down 10% (finance.yahoo.com)
- Retailers on Track for Solid Gain in Back-to-School Sales (247wallst.com)
- The Cato Corp. :CATO-US: Earnings Analysis: Q2, 2018 By the Numbers : August 29, 2017 (finance.yahoo.com)
- Planalytics issues initial estimate on lost retail sales due to Hurricane Harvey (chainstoreage.com)
- Cato: Covering The Short, And Hoping For Another Shot (seekingalpha.com)
Shares of Cato Corporation (CATO) traded down 0.68% during midday trading on Thursday, reaching $13.16. 395,408 shares of the company’s stock traded hands. The company has a market capitalization of $326.76 million, a PE ratio of 20.79 and a beta of 1.10. The stock’s 50 day moving average is $15.85 and its 200-day moving average is $20.12. Cato Corporation has a 52 week low of $12.20 and a 52 week high of $36.64.
Cato Corporation (The) (NYSE:CATO) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.14. The business had revenue of $207 million during the quarter, compared to analysts’ expectations of $209.50 million. Cato Corporation (The) had a return on equity of 4.37% and a net margin of 1.92%. The company’s revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. On average, analysts forecast that Cato Corporation will post $0.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.03%. The ex-dividend date of this dividend is Friday, September 8th. Cato Corporation (The)’s payout ratio is 206.25%.
A number of equities research analysts recently issued reports on CATO shares. MKM Partners reissued a “neutral” rating and issued a $20.00 price target (down previously from $23.00) on shares of Cato Corporation (The) in a research note on Friday, June 9th. TheStreet cut shares of Cato Corporation (The) from a “c” rating to a “d+” rating in a research note on Thursday, August 17th. Finally, BidaskClub cut shares of Cato Corporation (The) from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th.
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In other news, Director Edward I. Weisiger, Jr. bought 3,000 shares of the stock in a transaction on Friday, June 23rd. The shares were bought at an average price of $17.20 per share, with a total value of $51,600.00. Following the completion of the acquisition, the director now owns 23,084 shares of the company’s stock, valued at $397,044.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel Harding Stowe bought 7,000 shares of the stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average cost of $14.27 per share, for a total transaction of $99,890.00. Following the acquisition, the director now directly owns 16,686 shares of the company’s stock, valued at approximately $238,109.22. The disclosure for this purchase can be found here. Insiders acquired 13,500 shares of company stock worth $202,525 in the last three months. 8.98% of the stock is owned by corporate insiders.
Cato Corporation (The) Company Profile
The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).
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