Cato Corp Same Store Sales Rise 16% in April, Shares Fall by 2.1% (NYSE:CATO)

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.



Large investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new position in shares of Cato during the 4th quarter valued at about $61,000. Bank of Montreal Can lifted its holdings in shares of Cato by 63.3% during the 4th quarter. Bank of Montreal Can now owns 4,973 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 1,928 shares in the last quarter. Investors Research Corp bought a new position in shares of Cato during the 1st quarter valued at about $85,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Cato by 449.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,507 shares of the specialty retailer’s stock valued at $121,000 after purchasing an additional 6,960 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Cato during the 4th quarter valued at about $124,000. Institutional investors and hedge funds own 80.52% of the company’s stock.

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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.

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