Cato Corp’s Same-Store Sales Numbers Miss Analysts’ Expectations (NYSE:CATO)

Cato’s (NYSE:CATO) same-store sales fell 6% in the month of January. Cato’s stock fell by 5.2% in the first full-day of trading following the report.

Several analysts have recently weighed in on CATO shares. BidaskClub raised Cato from a “strong sell” rating to a “sell” rating in a report on Saturday, November 11th. TheStreet raised Cato from a “d+” rating to a “c-” rating in a report on Wednesday, December 6th.

Shares of Cato (NYSE:CATO) opened at $11.17 on Friday. Cato has a fifty-two week low of $10.82 and a fifty-two week high of $27.07. The firm has a market capitalization of $279.61, a P/E ratio of 23.77 and a beta of 0.95.

Cato (NYSE:CATO) last posted its earnings results on Thursday, November 16th. The specialty retailer reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The business had revenue of $190.30 million during the quarter, compared to the consensus estimate of $188.00 million. Cato had a return on equity of 3.04% and a net margin of 1.31%. Cato’s revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. equities research analysts anticipate that Cato will post 0.35 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Cato by 1.4% during the 4th quarter. BlackRock Inc. now owns 3,161,301 shares of the specialty retailer’s stock worth $50,328,000 after buying an additional 42,599 shares during the period. State Street Corp lifted its position in shares of Cato by 11.3% during the 2nd quarter. State Street Corp now owns 880,952 shares of the specialty retailer’s stock worth $15,494,000 after buying an additional 89,475 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Cato by 14.7% during the 4th quarter. Bank of New York Mellon Corp now owns 619,227 shares of the specialty retailer’s stock worth $9,858,000 after buying an additional 79,259 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Cato by 8.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 378,148 shares of the specialty retailer’s stock worth $6,021,000 after buying an additional 29,221 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Cato by 17.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 271,666 shares of the specialty retailer’s stock worth $4,779,000 after buying an additional 41,038 shares during the period. Institutional investors and hedge funds own 87.40% 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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