Cato’s (CATO) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of Cato (NYSE:CATO) in a report published on Thursday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Cato to a “buy” rating in a research note on Saturday, October 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Cato Price Performance

Shares of Cato stock opened at $3.82 on Thursday. The business has a 50-day moving average of $4.26 and a 200-day moving average of $3.30. The company has a market capitalization of $75.27 million, a PE ratio of -3.78 and a beta of 0.85. Cato has a 1-year low of $2.19 and a 1-year high of $6.65.

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

Hedge Funds Weigh In On Cato

A number of hedge funds have recently bought and sold shares of the company. Peapod Lane Capital LLC grew its stake in Cato by 13.5% in the first quarter. Peapod Lane Capital LLC now owns 656,690 shares of the specialty retailer’s stock worth $2,187,000 after purchasing an additional 78,058 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its stake in Cato by 13.7% in 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 purchasing an additional 20,000 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Cato in the first quarter worth about $174,000. Finally, Goldman Sachs Group Inc. grew its stake in Cato by 76.2% in the first quarter. Goldman Sachs Group Inc. now owns 47,437 shares of the specialty retailer’s stock worth $158,000 after purchasing an additional 20,521 shares in the last quarter. 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.