Cato (NYSE:CATO) Announces Quarterly Earnings Results

Cato (NYSE:CATO) announced its quarterly earnings data on Thursday. The specialty retailer reported $0.47 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $171.10 million for the quarter. Cato had a net margin of 0.01% and a return on equity of 0.05%.

Cato Stock Performance

Shares of CATO opened at $3.32 on Friday. The stock has a market capitalization of $65.44 million, a P/E ratio of -331.17 and a beta of 0.55. The company’s fifty day moving average is $2.93 and its two-hundred day moving average is $3.15. Cato has a 1 year low of $2.49 and a 1 year high of $4.91.

Hedge Funds Weigh In On Cato

An institutional investor recently bought a new position in Cato stock. Jacobs Levy Equity Management Inc. bought a new position in shares of Cato Corporation (The) (NYSE:CATO) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 52,265 shares of the specialty retailer’s stock, valued at approximately $174,000. Jacobs Levy Equity Management Inc. owned approximately 0.26% of Cato as of its most recent filing with the SEC. Institutional investors own 61.10% of the company’s stock.

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.