Cato Corp (CATO) reported quarterly earnings results on Thursday, Aug-18-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.54. The company posted revenue of $236.70 million in the period, compared to analysts expectations of $244.30 million. The company’s revenue was down -5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on Cato Corp. Company shares were Reiterated by MKM Partners on May 23, 2016 to “Neutral”, Firm has raised the Price Target to $ 37 from a previous price target of $35 .
Cato Corp opened for trading at $34.82 and hit $35.12 on the upside on Wednesday, eventually ending the session at $34.93, with a gain of 0.17% or 0.06 points. The heightened volatility saw the trading volume jump to 1,51,401 shares. Company has a market cap of $966 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.