TheStreet downgraded shares of Cato Corporation (The) (NYSE:CATO) from a b- rating to a c+ rating in a report published on Tuesday morning.
Cato Corporation (NYSE:CATO) traded down 2.37% during trading on Tuesday, hitting $25.91. The stock had a trading volume of 106,245 shares. Cato Corporation has a 12 month low of $24.89 and a 12 month high of $40.51. The firm has a 50 day moving average of $28.70 and a 200-day moving average of $31.86. The stock has a market cap of $680.84 million, a price-to-earnings ratio of 10.02 and a beta of 1.02.
Cato Corporation (The) (NYSE:CATO) last issued its quarterly earnings data on Thursday, November 17th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company had revenue of $209.26 million for the quarter, compared to analyst estimates of $210 million. Cato Corporation (The) had a net margin of 7.28% and a return on equity of 16.90%. Cato Corporation (The)’s revenue was down 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. Equities analysts predict that Cato Corporation will post $1.68 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 2nd. Shareholders of record on Monday, December 12th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.97%. The ex-dividend date was Thursday, December 8th. Cato Corporation (The)’s dividend payout ratio is currently 51.16%.
About Cato Corporation (The)
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. Its stores offer an assortment of on-trend apparel and accessory items in primarily junior/missy, plus sizes, girls’ sizes 7 to 16, men’s and kids sizes with a focus on color, product coordination and selection.