Cato’s (NYSE:CATO) same store sales fell 9% in the month of December. Cato’s stock rose by 0% in the first full-day of trading following the report.
Several research firms have recently issued reports on CATO. BidaskClub downgraded shares of Cato from a “sell” rating to a “strong sell” rating in a report on Thursday, October 5th. TheStreet upgraded shares of Cato from a “d+” rating to a “c-” rating in a report on Wednesday, December 6th.
Cato (NYSE CATO) traded down $0.96 during trading hours on Thursday, hitting $15.27. 312,800 shares of the stock traded hands, compared to its average volume of 235,000. Cato has a one year low of $12.20 and a one year high of $31.35. The company has a market cap of $377.77, a P/E ratio of 33.93 and a beta of 1.21.
Cato (NYSE:CATO) last posted its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. Cato had a net margin of 1.31% and a return on equity of 3.04%. The company had revenue of $190.30 million for the quarter, compared to the consensus estimate of $188.00 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The business’s revenue was down 9.1% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, December 8th. This represents a $1.32 annualized dividend and a dividend yield of 8.64%. Cato’s dividend payout ratio (DPR) is currently 293.33%.
Several institutional investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its position in shares of Cato by 4.7% during the 2nd quarter. Teachers Advisors LLC now owns 44,876 shares of the specialty retailer’s stock valued at $789,000 after acquiring an additional 2,006 shares in the last quarter. AMG National Trust Bank boosted its position in shares of Cato by 7.4% during the 2nd quarter. AMG National Trust Bank now owns 38,676 shares of the specialty retailer’s stock valued at $681,000 after acquiring an additional 2,674 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Cato by 20.1% during the 2nd quarter. Nationwide Fund Advisors now owns 21,618 shares of the specialty retailer’s stock valued at $380,000 after acquiring an additional 3,616 shares in the last quarter. Airain ltd boosted its position in shares of Cato by 15.3% during the 2nd quarter. Airain ltd now owns 31,598 shares of the specialty retailer’s stock valued at $556,000 after acquiring an additional 4,199 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its position in shares of Cato by 15.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 41,454 shares of the specialty retailer’s stock valued at $729,000 after acquiring an additional 5,553 shares in the last quarter. Institutional investors and hedge funds own 87.45% of the company’s stock.
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Cato 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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