Cato (NYSE:CATO) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Cato Corporation (The) (NYSE:CATO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.10 and traded as high as $3.43. Cato shares last traded at $3.2090, with a volume of 363,166 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Cato from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Cato Trading Down 3.9%

The firm’s 50 day moving average is $3.20 and its two-hundred day moving average is $3.10. The stock has a market cap of $64.05 million, a price-to-earnings ratio of -320.58 and a beta of 0.58.

Cato (NYSE:CATO) last released its earnings results on Tuesday, May 26th. The specialty retailer reported $0.47 earnings per share (EPS) for the quarter. Cato had a net margin of 0.01% and a return on equity of 0.05%. The company had revenue of $171.10 million for the quarter.

Institutional Trading of Cato

A hedge fund recently bought a new stake in Cato stock. Jacobs Levy Equity Management Inc. bought a new position in Cato Corporation (The) (NYSE:CATO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 52,265 shares of the specialty retailer’s stock, valued at approximately $174,000. Jacobs Levy Equity Management Inc. owned 0.26% of Cato as of its most recent filing with the Securities and Exchange Commission. 61.10% of the stock is owned by hedge funds and other institutional investors.

Cato Company Profile

Cato Corporation is a specialty apparel retailer headquartered in Charlotte, North Carolina. Founded in 1946 by Carl and Bernice Cato, the company operates two banner store concepts—Cato and Versona—and maintains an e-commerce platform to extend its reach beyond brick-and-mortar locations. Cato’s retail mission centers on providing fashionable women’s clothing and accessories at moderate price points.

With over 1,200 stores across more than 30 U.S. states, primarily concentrated in the Southeastern and Mid-Atlantic regions, Cato serves a broad customer base seeking everyday and occasion-driven wardrobe solutions.