Cato (NYSE:CATO) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Cato Corporation (The) (NYSE:CATO)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.11 and traded as high as $3.40. Cato shares last traded at $3.23, with a volume of 79,123 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Cato from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Cato has a consensus rating of “Sell”.

Cato Stock Performance

The stock has a 50 day moving average price of $3.05 and a two-hundred day moving average price of $3.11. The company has a market capitalization of $65.35 million, a PE ratio of -327.07 and a beta of 0.59.

Cato (NYSE:CATO) last posted its quarterly earnings results on Tuesday, May 26th. The specialty retailer reported $0.47 earnings per share for the quarter. Cato had a return on equity of 0.05% and a net margin of 0.01%.The company had revenue of $171.10 million during the quarter.

Institutional Investors Weigh In On Cato

An institutional investor recently raised its position in Cato stock. Goldman Sachs Group Inc. raised its position in shares of Cato Corporation (The) (NYSE:CATO) by 76.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,437 shares of the specialty retailer’s stock after purchasing an additional 20,521 shares during the period. Goldman Sachs Group Inc. owned 0.24% of Cato worth $158,000 as of its most recent SEC filing. 61.10% of the stock is currently owned by institutional investors.

Cato Company Profile

Cato Corporation is a specialty apparel retailer headquartered in Charlotte, North Carolina. Founded in 1946 by Carl and Bernice Cato, the company operates two banner store concepts—Cato and Versona—and maintains an e-commerce platform to extend its reach beyond brick-and-mortar locations. Cato’s retail mission centers on providing fashionable women’s clothing and accessories at moderate price points.

With over 1,200 stores across more than 30 U.S. states, primarily concentrated in the Southeastern and Mid-Atlantic regions, Cato serves a broad customer base seeking everyday and occasion-driven wardrobe solutions.