Cato (NYSE:CATO) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Cato Corporation (The) (NYSE:CATO)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.11 and traded as high as $3.40. Cato shares last traded at $3.23, with a volume of 79,123 shares.

Cato Stock Performance

The firm has a market cap of $64.47 million, a PE ratio of -322.68 and a beta of 0.59. The firm’s 50-day moving average price is $3.04 and its two-hundred day moving average price is $3.11.

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

Hedge Funds Weigh In On Cato

An institutional investor recently bought a new position in Cato stock. Jacobs Levy Equity Management Inc. acquired a new stake in Cato Corporation (The) (NYSE:CATO) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 52,265 shares of the specialty retailer’s stock, valued at approximately $174,000. Jacobs Levy Equity Management Inc. owned 0.26% of Cato as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 61.10% of the company’s stock.

Cato Company Profile

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.