Cato (NYSE:CATO) Upgraded by StockNews.com to “Buy”

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

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

Cato Price Performance

Shares of NYSE CATO opened at $5.22 on Wednesday. The business has a 50-day moving average of $5.48 and a 200-day moving average of $6.10. The stock has a market capitalization of $107.22 million, a price-to-earnings ratio of -6.21 and a beta of 1.09. Cato has a fifty-two week low of $4.56 and a fifty-two week high of $8.78.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Cato by 0.8% in the first quarter. Vanguard Group Inc. now owns 931,094 shares of the specialty retailer’s stock valued at $5,372,000 after purchasing an additional 7,072 shares during the period. GSA Capital Partners LLP grew its stake 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. Marquette Asset Management LLC raised its holdings 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 acquiring an additional 35,313 shares during the period. Trexquant Investment LP lifted its position in Cato by 11.5% during the fourth quarter. Trexquant Investment LP now owns 62,732 shares of the specialty retailer’s stock worth $448,000 after acquiring an additional 6,453 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Cato during the third quarter worth approximately $310,000. 61.10% of the stock is owned by institutional investors and hedge funds.

Cato Company Profile

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.