Cato (NYSE:CATO) was upgraded by research analysts at TheStreet from a “d+” rating to a “c-” rating in a report released on Wednesday.

Separately, BidaskClub raised shares of Cato from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 11th.

Shares of Cato (NYSE CATO) opened at $15.74 on Wednesday. Cato has a 12 month low of $12.20 and a 12 month high of $31.89. The stock has a market cap of $374.05, a PE ratio of 35.71 and a beta of 1.21.

Cato (NYSE:CATO) last released its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. Cato had a net margin of 1.31% and a return on equity of 3.04%. The company had revenue of $190.30 million for the quarter, compared to analysts’ expectations of $188.00 million. During the same period last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in the company. Aperio Group LLC purchased a new position in shares of Cato during the 3rd quarter worth about $450,000. State Street Corp lifted its holdings in shares of Cato by 11.3% during the 2nd quarter. State Street Corp now owns 880,952 shares of the specialty retailer’s stock worth $15,494,000 after acquiring an additional 89,475 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Cato during the 2nd quarter worth about $339,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Cato by 13.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 78,168 shares of the specialty retailer’s stock worth $1,375,000 after acquiring an additional 9,434 shares during the period. Finally, Pinebridge Investments L.P. lifted its holdings in shares of Cato by 15.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 41,454 shares of the specialty retailer’s stock worth $729,000 after acquiring an additional 5,553 shares during the period. Institutional investors and hedge funds own 87.59% of the company’s stock.

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Cato Company Profile

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).

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