Cato Corp. (CATO) Posts Quarterly Results
Cato Corp. (NASDAQ:CATO) posted its quarterly earnings results on Tuesday. The company reported $1.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.04, American Banking and Market News reports. The company had revenue of $282.50 million for the quarter, compared to the consensus estimate of $284.90 million. During the same quarter in the previous year, the company posted $1.05 earnings per share.
CATO has been the subject of a number of recent research reports. Analysts at MKM Partners cut their price target on shares of Cato Corp. from $31.00 to $29.00 in a research note on Thursday, March 20th. They now have a “neutral” rating on the stock. Analysts at TheStreet downgraded shares of Cato Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.
Cato Corp. (NASDAQ:CATO) opened at 30.41 on Tuesday. Cato Corp. has a 52 week low of $23.88 and a 52 week high of $34.75. The stock’s 50-day moving average is $28. and its 200-day moving average is $29.53. The company has a market cap of $873.9 million and a P/E ratio of 16.43.
The Cato Corporation (NASDAQ:CATO) is a women’s fashion specialty retailer.
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