Cato Corp (CATO) was Reiterated by MKM Partners to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 37 from a previous price target of $35 . MKM Partners advised their investors in a research report released on May 23, 2016.
Many Wall Street Analysts have commented on Cato Corp. Shares were Reiterated by MKM Partners on Mar 18, 2016 to “Neutral” and Lowered the Price Target to $ 35 from a previous price target of $36 .
On the company’s financial health, Cato Corp reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 19, 2016. Analyst had a consensus of $1.25. The company had revenue of $285.50 million for the quarter, compared to analysts expectations of $257.30 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.
Cato Corp opened for trading at $36.73 and hit $38.33 on the upside on Friday, eventually ending the session at $37.66, with a gain of 3.18% or 1.16 points. The heightened volatility saw the trading volume jump to 1,61,177 shares. Company has a market cap of $1,050 M.
In a different news, on Aug 24, 2015, Thomas B Henson (director) purchased 3,000 shares at $32.70 per share price. According to the SEC, on Jun 9, 2015, Jr Edward I Weisiger, (director) purchased 2,000 shares at $37.00 per share price.
The Cato Corporation (Cato) is an operator of women’s fashion specialty retail stores. The Company operates through four segments: Cato It’s Fashion Versona and Credit. Its stores offer an assortment of apparel and accessory items in primarily junior/missy plus sizes girls sizes ( Seven to 16) men’s and kids sizes (newborn to seven). Its merchandise lines include dressy career and casual sportswear dresses coats shoes lingerie costume jewelry handbags men’s wear and lines for kids and newborns. As of January 31 2015 it operated 1346 fashion specialty stores in 32 states principally in the southeastern United States under the names Cato Cato Fashions Cato Plus It’s Fashion It’s Fashion Metro and Versona. The Company offers its own credit card and layaway plan. Its stores range in size from 2000 to 19000 square feet and are located primarily in strip shopping centers anchored by national discounters or grocery stores.