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Cato Corp. (NASDAQ:CATO) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a report released on Thursday, Analyst Ratings Network reports.

The analysts wrote, “Cato Corporation (CATO) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company’s earnings per share.”

Shares of Cato Corp. (NASDAQ:CATO) traded down 0.04% on Thursday, hitting $28.24. 91,078 shares of the company’s stock traded hands. Cato Corp. has a 1-year low of $22.16 and a 1-year high of $34.75. The stock’s 50-day moving average is $28.15 and its 200-day moving average is $29.25. The company has a market cap of $812.0 million and a price-to-earnings ratio of 14.13.

The Cato Corporation (NASDAQ:CATO) is a women’s fashion specialty retailer.

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