Headlines about Cato (NYSE:CATO) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cato earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 47.6268795577078 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s analysis:
CATO has been the subject of several analyst reports. BidaskClub raised shares of Cato from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. TheStreet downgraded Cato from a “c” rating to a “d+” rating in a research note on Thursday, August 17th.
Cato (NYSE:CATO) traded up $0.24 during mid-day trading on Monday, reaching $16.11. The company’s stock had a trading volume of 272,179 shares, compared to its average volume of 302,139. Cato has a 1-year low of $12.20 and a 1-year high of $31.89. The company has a market cap of $369.39, a P/E ratio of 35.27 and a beta of 1.21.
Cato (NYSE:CATO) last posted its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. Cato had a return on equity of 3.04% and a net margin of 1.31%. The business had revenue of $190.30 million during the quarter, compared to the consensus estimate of $188.00 million. During the same period in the prior year, the company posted $0.30 EPS. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be paid a $0.33 dividend. The ex-dividend date is Friday, December 8th. This represents a $1.32 annualized dividend and a yield of 8.19%. Cato’s payout ratio is 293.33%.
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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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