Cato (NYSE:CATO) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Cato (NYSE:CATO) to a sell rating in a report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings cut shares of Cato from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cato has a consensus rating of “Sell”.

Cato Trading Up 1.1%

Shares of CATO opened at $2.46 on Friday. The company’s fifty day simple moving average is $2.94 and its 200 day simple moving average is $3.02. Cato has a 1-year low of $2.30 and a 1-year high of $4.66. The company has a market cap of $48.90 million, a price-to-earnings ratio of -8.19 and a beta of 0.53.

Cato (NYSE:CATO) last announced its quarterly earnings results on Tuesday, August 25th. The specialty retailer reported $0.06 EPS for the quarter. Cato had a negative net margin of 0.87% and a negative return on equity of 3.39%. The firm had revenue of $165.50 million during the quarter.

Institutional Investors Weigh In On Cato

A hedge fund recently bought a new stake in Cato stock. NewEdge Advisors LLC acquired a new position in shares of Cato Corporation (The) (NYSE:CATO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 42,436 shares of the specialty retailer’s stock, valued at approximately $137,000. NewEdge Advisors LLC owned 0.21% of Cato at the end of the most recent reporting period. 61.10% of the stock is owned by institutional investors.

About Cato

The Cato Corporation is a specialty retailer of fashion apparel and accessories for women and children. Its merchandise includes dresses, tops, bottoms, outerwear, footwear, jewelry, handbags and other accessories, with products generally positioned for value-conscious shoppers.

The company operates several retail brands, including Cato, Versona and It’s Fashion. Cato stores offer women’s clothing and accessories, while Versona focuses primarily on women’s jewelry and accessories. The company also operates It’s Fashion locations, which offer apparel, footwear and accessories, and sells merchandise through its e-commerce channels.

Founded in 1946 and headquartered in Charlotte, North Carolina, The Cato Corporation serves customers primarily through stores located across the United States, with a concentration in the Southeast and other regional markets.