The Cato Co. (NYSE:CATO - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.32 and traded as high as $6.15. Cato shares last traded at $5.91, with a volume of 29,216 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Cato from a "buy" rating to a "hold" rating in a research note on Friday, August 23rd.
Check Out Our Latest Report on Cato
Cato Price Performance
The company's fifty day simple moving average is $5.39 and its 200-day simple moving average is $5.32. The firm has a market capitalization of $124.04 million, a PE ratio of -6.78 and a beta of 1.08.
Cato (NYSE:CATO - Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $0.01 EPS for the quarter. The company had revenue of $168.63 million for the quarter. Cato had a negative net margin of 2.71% and a negative return on equity of 9.19%.
Cato Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, September 16th. This represents a $0.68 annualized dividend and a yield of 11.28%. Cato's dividend payout ratio is presently -76.40%.
Institutional Investors Weigh In On Cato
A number of hedge funds have recently added to or reduced their stakes in CATO. Point72 DIFC Ltd purchased a new stake in shares of Cato in the second quarter valued at about $36,000. BNP Paribas Financial Markets lifted its stake in shares of Cato by 64.6% during the first quarter. BNP Paribas Financial Markets now owns 7,995 shares of the specialty retailer's stock valued at $46,000 after buying an additional 3,139 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of Cato during the first quarter valued at approximately $67,000. Assenagon Asset Management S.A. acquired a new position in Cato during the second quarter worth approximately $88,000. Finally, AQR Capital Management LLC bought a new position in Cato during the 2nd quarter valued at $102,000. 61.10% of the stock is currently owned by institutional investors and hedge funds.
About Cato
(
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The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants.
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