Cato (NYSE:CATO) Shares Pass Above 200 Day Moving Average – Should You Sell?

Cato Corporation (The) (NYSE:CATO) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.12 and traded as high as $3.51. Cato shares last traded at $3.2410, with a volume of 77,813 shares.

Cato Stock Down 1.2%

The company has a fifty day simple moving average of $2.98 and a 200-day simple moving average of $3.12. The firm has a market cap of $64.69 million, a P/E ratio of -323.78 and a beta of 0.59.

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

Institutional Investors Weigh In On Cato

A hedge fund recently raised its stake in Cato stock. Goldman Sachs Group Inc. grew its holdings in shares of Cato Corporation (The) (NYSE:CATO) by 76.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,437 shares of the specialty retailer’s stock after buying an additional 20,521 shares during the quarter. Goldman Sachs Group Inc. owned 0.24% of Cato worth $158,000 at the end of the most recent reporting period. Institutional investors own 61.10% of the company’s stock.

About Cato

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.