Cato (NYSE:CATO) Shares Cross Above 200-Day Moving Average – Should You Sell?

Cato Corporation (The) (NYSE:CATO) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.12 and traded as high as $3.51. Cato shares last traded at $3.2410, with a volume of 77,813 shares trading hands.

Cato Stock Performance

The stock’s fifty day moving average price is $2.98 and its 200-day moving average price is $3.12. The firm has a market cap of $64.69 million, a PE ratio of -323.78 and a beta of 0.59.

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

Institutional Investors Weigh In On Cato

A hedge fund recently raised its stake in Cato stock. Goldman Sachs Group Inc. boosted its holdings in Cato Corporation (The) (NYSE:CATO) by 76.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 0.24% of Cato worth $158,000 as of its most recent filing with the Securities and Exchange Commission. 61.10% of the stock is 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.