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

Shares of Cato Corporation (The) (NYSE:CATO) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.44 and traded as high as $3.60. Cato shares last traded at $3.4910, with a volume of 22,100 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CATO. Wall Street Zen upgraded Cato to a “buy” rating in a research note on Saturday, October 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cato in a report on Thursday, October 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Cato Stock Up 0.3%

The stock has a 50-day moving average of $3.94 and a 200 day moving average of $3.45. The stock has a market cap of $69.04 million, a PE ratio of -3.47 and a beta of 0.78.

Cato (NYSE:CATO) last released its quarterly earnings results on Monday, November 24th. The specialty retailer reported ($0.28) earnings per share (EPS) for the quarter. Cato had a negative net margin of 2.93% and a negative return on equity of 11.23%. The company had revenue of $155.40 million during the quarter.

Institutional Trading of Cato

A hedge fund recently bought a new stake in Cato stock. Jacobs Levy Equity Management Inc. purchased a new position in shares of Cato Corporation (The) (NYSE:CATO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,265 shares of the specialty retailer’s stock, valued at approximately $174,000. Jacobs Levy Equity Management Inc. owned approximately 0.26% of Cato at the end of the most recent quarter. 61.10% of the stock is owned by institutional investors.

About Cato

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants.