Cato Corp Same-Store Sales Decrease by 9% in December, Shares Climb by 0% (NYSE:CATO)

Cato’s (NYSE:CATO) same-store sales decreased by 9% in the month of December. Cato’s shares rose by 0% in the first day of trading following the report.

CATO has been the subject of a number of analyst reports. TheStreet raised Cato from a “d+” rating to a “c-” rating in a research note on Wednesday, December 6th. BidaskClub raised Cato from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th.

Cato (CATO) opened at $13.02 on Tuesday. Cato has a one year low of $12.20 and a one year high of $27.78. The stock has a market capitalization of $325.91, a P/E ratio of 27.70 and a beta of 1.21.

Cato (NYSE:CATO) last released its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. Cato had a return on equity of 3.04% and a net margin of 1.31%. The firm had revenue of $190.30 million during the quarter, compared to the consensus estimate of $188.00 million. During the same period last year, the business posted $0.30 EPS. Cato’s quarterly revenue was down 9.1% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.14%. The ex-dividend date of this dividend was Friday, December 8th. Cato’s payout ratio is currently 280.85%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL purchased a new position in Cato in the 2nd quarter valued at approximately $339,000. Nationwide Fund Advisors increased its stake in Cato by 20.1% in the 2nd quarter. Nationwide Fund Advisors now owns 21,618 shares of the specialty retailer’s stock valued at $380,000 after purchasing an additional 3,616 shares in the last quarter. Aperio Group LLC purchased a new position in Cato in the 3rd quarter valued at approximately $450,000. Airain ltd increased its stake in Cato by 15.3% in the 2nd quarter. Airain ltd now owns 31,598 shares of the specialty retailer’s stock valued at $556,000 after purchasing an additional 4,199 shares in the last quarter. Finally, AMG National Trust Bank increased its stake in Cato by 7.4% in the 2nd quarter. AMG National Trust Bank now owns 38,676 shares of the specialty retailer’s stock valued at $681,000 after purchasing an additional 2,674 shares in the last quarter. 87.45% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Cato Corp Same-Store Sales Decrease by 9% in December, Shares Climb by 0% (NYSE:CATO)” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.com-unik.info/2018/01/09/cato-corp-same-store-sales-decrease-by-9-in-december-shares-climb-by-0-nysecato.html.

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).

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit