Cato (NYSE:CATO) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Cato Corporation (The) (NYSE:CATO) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.37 and traded as high as $3.80. Cato shares last traded at $3.68, with a volume of 47,369 shares.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cato in a report on Thursday, October 30th. Wall Street Zen raised shares of Cato to a “buy” rating in a research report on Saturday, October 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Cato Trading Down 1.3%

The stock has a fifty day simple moving average of $4.21 and a two-hundred day simple moving average of $3.37. The firm has a market cap of $72.59 million, a PE ratio of -3.64 and a beta of 0.78.

Cato (NYSE:CATO) last announced its quarterly earnings results on Thursday, August 21st. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $176.51 million for the quarter. Cato had a negative net margin of 2.93% and a negative return on equity of 11.23%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of Cato by 76.2% in the first quarter. Goldman Sachs Group Inc. now owns 47,437 shares of the specialty retailer’s stock worth $158,000 after buying an additional 20,521 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Cato during the first quarter worth about $174,000. Finally, Prescott Group Capital Management L.L.C. increased its stake in Cato by 13.7% in the 1st quarter. Prescott Group Capital Management L.L.C. now owns 166,040 shares of the specialty retailer’s stock worth $553,000 after acquiring an additional 20,000 shares during the last quarter. 61.10% of the stock is currently owned by hedge funds and other institutional investors.

Cato Company Profile

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.