Cato (CATO) Receiving Somewhat Positive Press Coverage, Study Finds

News stories about Cato (NYSE:CATO) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cato earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 46.8018307836217 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

CATO has been the topic of a number of recent analyst reports. BidaskClub raised Cato from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. TheStreet raised Cato from a “d+” rating to a “c-” rating in a research note on Wednesday.

Cato (NYSE CATO) opened at $15.47 on Friday. The company has a market capitalization of $366.37, a P/E ratio of 34.98 and a beta of 1.21. Cato has a 12 month low of $12.20 and a 12 month high of $31.89.

Cato (NYSE:CATO) last posted its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. The company had revenue of $190.30 million for the quarter, compared to analyst estimates of $188.00 million. Cato had a return on equity of 3.04% and a net margin of 1.31%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date is Friday, December 8th. Cato’s dividend payout ratio is currently 293.33%.

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About Cato

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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