Cato (NYSE:CATO – Get Free Report) announced its quarterly earnings data on Thursday. The specialty retailer reported ($0.55) earnings per share for the quarter, Zacks reports. Cato had a negative net margin of 1.38% and a negative return on equity of 5.46%. The business had revenue of $151.66 million during the quarter.
Cato Price Performance
Shares of Cato stock traded up $0.08 on Friday, hitting $2.98. 1,548 shares of the company’s stock traded hands, compared to its average volume of 54,289. The firm’s 50-day moving average price is $3.15 and its two-hundred day moving average price is $3.58. The stock has a market capitalization of $58.77 million, a PE ratio of -5.89 and a beta of 0.59. Cato has a one year low of $2.19 and a one year high of $4.91.
Institutional Investors Weigh In On Cato
An institutional investor recently raised its position in Cato stock. Goldman Sachs Group Inc. increased its stake in shares of Cato Corporation (The) (NYSE:CATO – Free Report) by 76.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,437 shares of the specialty retailer’s stock after acquiring an additional 20,521 shares during the period. Goldman Sachs Group Inc. owned about 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.
About Cato
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.
Further Reading
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