Notable Stock to Watch: The Cato Corporation (CATO)

The Cato Corporation (CATO) spotted trading -23.80% off 52-week high price. On the other end, the stock has been noted 42.70% away from the low price over the last 52-weeks. The stock changed -1.28% to recent value of $16.91. The stock transacted 152322 shares during most recent day however it has an average volume of 238.59K shares. The company has 25.22M of outstanding shares and 21.76M shares were floated in the market.  

The Board of Directors of The Cato Corporation (NYSE: CATO) declared a regular quarterly dividend of $0.33 per share.  The dividend will be payable on September 30, 2019 to shareholders of record on September 16, 2019.

The $0.33 dividend, or $1.32 on an annualized basis, represents an annualized yield of 7.6% at the closing market price on August 29, 2019.

The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, “Cato”, “Versona” and “It’s Fashion”.  The Company’s Cato stores offer exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day.

 Its earnings per share (EPS) expected to touch remained 46.10% for this year while earning per share for the next 5-years is expected to reach at 10.00%. CATO has a gross margin of 37.00% and an operating margin of 3.40% while its profit margin remained 3.60% for the last 12 months. 

 According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 15.56% from the mean of 20 days, 21.92% from mean of 50 days SMA and performed 18.00% from mean of 200 days price. Company’s performance for the week was 1.81%, 23.25% for month and YTD performance remained 18.50%.

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