Cato’s (NYSE:CATO) same-store sales rose 16% during the month of April. Cato’s stock fell by 2.1% in the first full-day of trading following the report.
Shares of Cato stock traded down $0.58 during trading on Monday, hitting $13.80. 152,313 shares of the company were exchanged, compared to its average volume of 237,404. The firm has a market capitalization of $353.75 million, a P/E ratio of 11.63 and a beta of 0.41. Cato has a 1-year low of $13.04 and a 1-year high of $26.88.
Cato (NYSE:CATO) last released its quarterly earnings data on Thursday, March 21st. The specialty retailer reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.11). Cato had a net margin of 3.67% and a return on equity of 9.26%. The business had revenue of $192.44 million for the quarter.
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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.
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