Cato Corp (CATO) saw an uptrend of 4.58% in the recent trading with $4.11 being its most recent. The current price level -38.66% lower than the highest price of $6.70 marked by the stock while trading over the past 52-weeks, whereas it is 87.67% higher than the lowest price of $2.19 the company dropped to over past 52-weeks. The latest news story on CATO appeared in (Zacks) under the title “Cato’s Q2 Earnings Jump Y/Y on Same-Store Sales Growth”.
Squeezing the time span to 30 day period shows us the stock is currently trading -2.14% below one month high and is +51.10% above of the lowest during that time. Looking into the simple moving average, Cato Corp (CATO)’s stock stands at a SMA-50 of $3.04 while that of 5-day is reading $3.99.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CATO’s SMA-200 as of now is $3.22.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent perfor mance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperfor m, the score of 3 means hold, and the score of 4 indicates underperfor m. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.
Cato Corp Earnings – What Happened With CATO
Coming around sales and income figures on CATO Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
CATO – Cato Corp Stock Earnings Estimates
Company’s EPS for the last quarter was 0.39.
Cato Corp – Insider Activity and Holdings
Investors get the exact data about the key infor mation of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 17.96 million. CATO does have institutional investors; and they hold 30.88% of the stock.
As on 2024-06-30, DIMENSIONAL FUND ADVISORS LP was the top most holder in Cato Corp (NYSE:CATO) with an ownership of 1.02 million shares of the company or 5.7767 of the stake worth $5.64 million. The filing also reveals ALDEBARAN CAPITAL, LLC as the second largest holder in the company with a control over 5.2411 of the outstanding shares. Its stake is worth $5.12 million for having 0.92 million shares in hand.
VANGUARD GROUP INC also came holding a key position in the company during the recent quarter and it now holds 4.7928 of the outstanding shares. With this there are now 59.0 institutions which have possession in CATO’s shares.
Key Metrics for CATO
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors befor e start trading into a stock. In recently reported quarter, Cato Corp has a debt to equity ratio of 0.75.
Technical Analysis of Cato Corp (NYSE:CATO) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Cato Corp (CATO), we notice that the stock’s 20-day average volume is at 177,345 shares and 75% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 95,664 shares. And to end, CATO’s 100-day average volume is 67,965 shares with 50% of the long-term indicators pointing towards Buy for the stock.
