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Shares of Cato Corporation (The) (NYSE:CATO) have been assigned a consensus broker rating score of 0.00 () from the zero analysts that cover the stock, Zacks Investment Research reports.
Zacks has also given Cato Corporation (The) an industry rank of 32 out of 265 based on the ratings given to related companies.
Several research analysts recently issued reports on CATO shares. BidaskClub raised Cato Corporation (The) from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. MKM Partners reaffirmed a “neutral” rating and set a $20.00 target price (down previously from $23.00) on shares of Cato Corporation (The) in a research report on Friday, June 9th. Finally, TheStreet cut Cato Corporation (The) from a “c” rating to a “d+” rating in a research report on Thursday, August 17th.
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In other news, Director Daniel Harding Stowe bought 2,500 shares of Cato Corporation (The) stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average price of $13.71 per share, for a total transaction of $34,275.00. Following the purchase, the director now directly owns 16,686 shares of the company’s stock, valued at approximately $228,765.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward I. Weisiger, Jr. bought 3,000 shares of Cato Corporation (The) stock in a transaction that occurred on Friday, June 23rd. The stock was purchased at an average price of $17.20 per share, with a total value of $51,600.00. Following the purchase, the director now directly owns 23,084 shares in the company, valued at $397,044.80. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,500 shares of company stock worth $202,525 in the last ninety days. Insiders own 8.98% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its position in shares of Cato Corporation (The) by 21.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,010 shares of the specialty retailer’s stock worth $176,000 after buying an additional 1,770 shares during the period. Teachers Advisors LLC raised its position in shares of Cato Corporation (The) by 4.7% in the second quarter. Teachers Advisors LLC now owns 44,876 shares of the specialty retailer’s stock worth $789,000 after buying an additional 2,006 shares during the period. AMG National Trust Bank raised its position in shares of Cato Corporation (The) by 7.4% in the second quarter. AMG National Trust Bank now owns 38,676 shares of the specialty retailer’s stock worth $681,000 after buying an additional 2,674 shares during the period. Nationwide Fund Advisors raised its position in shares of Cato Corporation (The) by 20.1% in the second quarter. Nationwide Fund Advisors now owns 21,618 shares of the specialty retailer’s stock worth $380,000 after buying an additional 3,616 shares during the period. Finally, Airain ltd raised its position in shares of Cato Corporation (The) by 15.3% in the second quarter. Airain ltd now owns 31,598 shares of the specialty retailer’s stock worth $556,000 after buying an additional 4,199 shares during the period. Institutional investors own 85.35% of the company’s stock.
Shares of Cato Corporation (NYSE:CATO) traded up 2.76% during mid-day trading on Friday, reaching $13.77. The company had a trading volume of 543,665 shares. The stock has a 50 day moving average price of $15.85 and a 200 day moving average price of $20.12. Cato Corporation has a 12-month low of $12.20 and a 12-month high of $36.64. The firm has a market capitalization of $404.37 million, a PE ratio of 22.69 and a beta of 1.10.
Cato Corporation (The) (NYSE:CATO) last announced its quarterly earnings data on Thursday, August 17th. The specialty retailer reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.14. Cato Corporation (The) had a return on equity of 4.37% and a net margin of 1.92%. The firm had revenue of $207 million during the quarter, compared to the consensus estimate of $209.50 million. During the same period last year, the company earned $0.57 EPS. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. On average, equities analysts forecast that Cato Corporation will post $1.35 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $1.32 annualized dividend and a yield of 9.59%. Cato Corporation (The)’s dividend payout ratio (DPR) is presently 206.25%.
Cato Corporation (The) Company Profile
The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).
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