Cato (NYSE:CATO) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Cato Corporation (The) (NYSE:CATO) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.09 and traded as high as $3.62. Cato shares last traded at $3.2930, with a volume of 10,519 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings raised Cato from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Cato Stock Performance

The company has a market cap of $65.73 million, a P/E ratio of -328.97 and a beta of 0.58. The business’s 50-day moving average price is $3.11 and its 200 day moving average price is $3.09.

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

Institutional Trading of 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) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 52,265 shares of the specialty retailer’s stock, valued at approximately $174,000. Jacobs Levy Equity Management Inc. owned about 0.26% of Cato as of its most recent SEC filing. 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.