Headlines about Cato Corporation (The) (NYSE:CATO) have been trending somewhat negative on Wednesday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cato Corporation (The) earned a coverage optimism score of -0.02 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 46.86952367453 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
- The Cato Corp. – Value Analysis (NYSE:CATO) : November 14, 2017 (finance.yahoo.com)
- The Cato Corp. breached its 50 day moving average in a Bullish Manner : CATO-US : November 13, 2017 (finance.yahoo.com)
- Cato Corporation (The) (CATO) Upgraded to “Sell” at BidaskClub (americanbankingnews.com)
- Building New Districts, Fairly and Cheaply (cato-unbound.org)
- Britain tries to water down EU anti-tax haven measures days after Paradise Papers revelations (independent.co.uk)
CATO has been the topic of several recent analyst reports. BidaskClub upgraded Cato Corporation (The) from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. TheStreet cut Cato Corporation (The) from a “c” rating to a “d+” rating in a research report on Thursday, August 17th.
Cato Corporation (NYSE:CATO) traded down $0.02 on Wednesday, hitting $13.15. The company had a trading volume of 160,200 shares, compared to its average volume of 303,281. The firm has a market cap of $335.02, a PE ratio of 20.58 and a beta of 1.12. Cato Corporation has a 1-year low of $12.20 and a 1-year high of $36.01.
Cato Corporation (The) (NYSE:CATO) last released its quarterly earnings results on Thursday, August 17th. The specialty retailer reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). The firm had revenue of $207.00 million during the quarter, compared to analyst estimates of $209.50 million. Cato Corporation (The) had a return on equity of 4.37% and a net margin of 1.92%. The business’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS.
In related news, Director Daniel Harding Stowe bought 7,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of $14.27 per share, for a total transaction of $99,890.00. Following the acquisition, the director now owns 16,686 shares in the company, valued at $238,109.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.58% of the company’s stock.
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About Cato Corporation (The)
The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).
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