Cato (NYSE:CATO) Stock Rating Lowered by StockNews.com

Cato (NYSE:CATO) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Separately, TheStreet cut Cato from a “c-” rating to a “d+” rating in a research report on Monday, March 18th.

Cato Stock Down 1.6 %

CATO stock opened at $5.99 on Tuesday. The company has a market cap of $123.15 million, a PE ratio of -7.13 and a beta of 1.08. The business has a 50-day simple moving average of $5.45 and a 200 day simple moving average of $6.14. Cato has a 52 week low of $4.56 and a 52 week high of $8.78.

Cato (NYSE:CATO) last posted its quarterly earnings results on Thursday, May 23rd. The specialty retailer reported $0.54 EPS for the quarter. Cato had a negative return on equity of 8.36% and a negative net margin of 2.51%. The business had revenue of $177.10 million during the quarter.

Institutional Trading of Cato

Several institutional investors have recently added to or reduced their stakes in CATO. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Cato in the 3rd quarter valued at $310,000. Marquette Asset Management LLC raised its position in Cato by 86.1% in the 1st quarter. Marquette Asset Management LLC now owns 76,345 shares of the specialty retailer’s stock valued at $441,000 after buying an additional 35,313 shares during the last quarter. Trexquant Investment LP raised its position in Cato by 101.8% in the 3rd quarter. Trexquant Investment LP now owns 56,279 shares of the specialty retailer’s stock valued at $431,000 after buying an additional 28,394 shares during the last quarter. GSA Capital Partners LLP raised its position in Cato by 19.8% in the 3rd quarter. GSA Capital Partners LLP now owns 114,939 shares of the specialty retailer’s stock valued at $880,000 after buying an additional 19,026 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in Cato in the 1st quarter valued at $67,000. 61.10% of the stock is currently 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.