Cato (NYSE:CATO) Releases Earnings Results

Cato (NYSE:CATO) posted its earnings results on Thursday. The specialty retailer reported ($0.74) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $155.29 million during the quarter. Cato had a negative net margin of 4.11% and a negative return on equity of 14.41%.

Cato Stock Performance

Shares of CATO opened at $3.50 on Friday. The company has a market capitalization of $71.88 million, a price-to-earnings ratio of -2.54 and a beta of 0.91. Cato has a 1 year low of $2.64 and a 1 year high of $6.70. The company’s 50 day simple moving average is $3.31 and its 200 day simple moving average is $4.22.

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.