Cato (NYSE:CATO) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Posted by ABMN Staff on May 29th, 2026

Shares of Cato Corporation (The) (NYSE:CATO – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.13 and traded as high as $3.33. Cato shares last traded at $3.2320, with a volume of 40,881 shares.

Cato Stock Up 4.6%

The company has a market cap of $63.80 million, a P/E ratio of -322.88 and a beta of 0.55. The business has a 50-day moving average price of $2.95 and a two-hundred day moving average price of $3.13.

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

Institutional Investors Weigh In On Cato

An institutional investor recently raised its position in Cato stock. Goldman Sachs Group Inc. lifted its position in shares of Cato Corporation (The) (NYSE:CATO – Free Report) by 76.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,437 shares of the specialty retailer’s stock after acquiring an additional 20,521 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.24% of Cato worth $158,000 at the end of the most recent reporting period. 61.10% of the stock is currently owned by hedge funds and other institutional investors.

Cato Company Profile

(Get Free Report)

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.