Cato (NYSE:CATO) Downgraded by ValuEngine

Share on StockTwits

ValuEngine cut shares of Cato (NYSE:CATO) from a hold rating to a sell rating in a research report released on Tuesday, ValuEngine reports.

NYSE:CATO traded up $0.57 during trading hours on Tuesday, hitting $18.81. 5,217 shares of the company’s stock traded hands, compared to its average volume of 128,901. The firm has a market cap of $443.29 million, a P/E ratio of 12.97 and a beta of 0.44. Cato has a 52 week low of $11.85 and a 52 week high of $18.84. The business’s fifty day simple moving average is $17.65 and its two-hundred day simple moving average is $15.15. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 0.36.

Cato (NYSE:CATO) last issued its quarterly earnings results on Thursday, November 21st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter. Cato had a return on equity of 10.32% and a net margin of 4.08%. The firm had revenue of $191.52 million during the quarter.

A number of hedge funds have recently modified their holdings of CATO. WINTON GROUP Ltd bought a new stake in Cato during the second quarter worth about $268,000. Dalton Greiner Hartman Maher & Co. purchased a new position in Cato during the 2nd quarter valued at about $3,591,000. Nisa Investment Advisors LLC increased its holdings in Cato by 32.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,400 shares of the specialty retailer’s stock valued at $387,000 after purchasing an additional 7,620 shares during the period. 6 Meridian increased its holdings in Cato by 3.0% during the 2nd quarter. 6 Meridian now owns 47,229 shares of the specialty retailer’s stock valued at $582,000 after purchasing an additional 1,388 shares during the period. Finally, Strs Ohio increased its holdings in Cato by 4.1% during the 2nd quarter. Strs Ohio now owns 48,800 shares of the specialty retailer’s stock valued at $601,000 after purchasing an additional 1,900 shares during the period. 74.88% of the stock is owned by hedge funds and other institutional investors.

Cato Company Profile

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.

Read More: What are the benefits of investing in REITs?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Cato Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cato and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.