Cato’s (NYSE:CATO) same-store sales rose 16% during the month of April. Cato’s shares fell by 2.1% in the first day of trading following the report.
CATO stock traded down $0.58 during midday trading on Monday, hitting $13.80. The stock had a trading volume of 152,313 shares, compared to its average volume of 237,404. The stock has a market cap of $353.75 million, a P/E ratio of 11.63 and a beta of 0.41. Cato has a 52 week low of $13.04 and a 52 week high of $26.88.
Cato (NYSE:CATO) last issued its quarterly earnings data on Thursday, March 21st. The specialty retailer reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.11). The company had revenue of $192.44 million for the quarter. Cato had a net margin of 3.67% and a return on equity of 9.26%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC bought a new position in shares of Cato during the fourth quarter valued at $61,000. Bank of Montreal Can raised its holdings in shares of Cato by 63.3% in the fourth quarter. Bank of Montreal Can now owns 4,973 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 1,928 shares during the last quarter. Investors Research Corp bought a new position in shares of Cato in the first quarter valued at about $85,000. Metropolitan Life Insurance Co. NY raised its holdings in shares of Cato by 449.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,507 shares of the specialty retailer’s stock valued at $121,000 after buying an additional 6,960 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Cato in the fourth quarter valued at about $124,000. 80.52% of the stock is owned by institutional investors.
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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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