Cato Corporation (The) (NYSE:CATO) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Thursday.

Other analysts have also issued research reports about the stock. TheStreet lowered shares of Cato Corporation (The) from a “c” rating to a “d+” rating in a report on Thursday, August 17th. MKM Partners reaffirmed a “neutral” rating and set a $20.00 target price (down previously from $23.00) on shares of Cato Corporation (The) in a report on Friday, June 9th.

Shares of Cato Corporation (NYSE CATO) opened at 13.02 on Thursday. The company has a market capitalization of $323.29 million, a price-to-earnings ratio of 20.57 and a beta of 1.13. The stock’s 50 day moving average price is $13.44 and its 200 day moving average price is $17.89. Cato Corporation has a 1-year low of $12.20 and a 1-year high of $36.64.

Cato Corporation (The) (NYSE:CATO) last released its earnings results on Thursday, August 17th. The specialty retailer reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). Cato Corporation (The) had a return on equity of 4.37% and a net margin of 1.92%. The business had revenue of $207.00 million for the quarter, compared to analyst estimates of $209.50 million. During the same period in the prior year, the firm posted $0.57 EPS. Cato Corporation (The)’s revenue was down 13.4% on a year-over-year basis. Analysts expect that Cato Corporation will post $0.85 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/bidaskclub-lowers-cato-corporation-the-cato-to-strong-sell/1608735.html.

In other Cato Corporation (The) news, Director Daniel Harding Stowe bought 7,000 shares of the stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average price of $14.27 per share, with a total value of $99,890.00. Following the acquisition, the director now owns 16,686 shares of the company’s stock, valued at $238,109.22. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 8.98% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan grew its holdings in Cato Corporation (The) by 21.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,010 shares of the specialty retailer’s stock worth $176,000 after acquiring an additional 1,770 shares during the period. Teachers Advisors LLC grew its holdings in Cato Corporation (The) by 4.7% during the 2nd quarter. Teachers Advisors LLC now owns 44,876 shares of the specialty retailer’s stock worth $789,000 after acquiring an additional 2,006 shares during the period. AMG National Trust Bank grew its holdings in Cato Corporation (The) by 7.4% during the 2nd quarter. AMG National Trust Bank now owns 38,676 shares of the specialty retailer’s stock worth $681,000 after acquiring an additional 2,674 shares during the period. Nationwide Fund Advisors grew its holdings in Cato Corporation (The) by 20.1% during the 2nd quarter. Nationwide Fund Advisors now owns 21,618 shares of the specialty retailer’s stock worth $380,000 after acquiring an additional 3,616 shares during the period. Finally, Airain ltd grew its holdings in Cato Corporation (The) by 15.3% during the 2nd quarter. Airain ltd now owns 31,598 shares of the specialty retailer’s stock worth $556,000 after acquiring an additional 4,199 shares during the period. 88.41% of the stock is owned by hedge funds and other institutional investors.

About Cato Corporation (The)

The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).

Receive News & Ratings for Cato Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cato Corporation (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.