NYSE:CATO

Cato - CATO Stock Forecast, Price & News

$9.83

-0.07 (-0.71%)

(As of 09/8/2022 10:50 AM ET)

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Today's Range: $9.71
▼
$9.94
50-Day Range: $9.88
▼
$13.46
52-Week Range: $9.47
▼
$19.89

Volume: 21,369 shs
Average Volume: 82,160 shs
Market Capitalization: $208.20 million

P/E Ratio: 22.34
Dividend Yield: 6.88%
Price Target: N/A

Cato MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
7.28% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.35
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.89 out of 5 stars

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Cato.

1.0

Short Interest

Percentage of Shares Shorted
7.28% of the float of Cato has been sold short.
Short Interest Ratio / Days to Cover
Cato has a short interest ratio ("days to cover") of 10.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Cato has recently decreased by 2.33%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Leadership
Cato is a leading dividend payer. It pays a dividend yield of 6.88%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Cato does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Cato is 154.55%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CATO.

2.4

News and Social Media Coverage

News Sentiment
Cato has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Cato this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added Cato to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cato insiders have not sold or bought any company stock.
Percentage Held by Insiders
15.03% of the stock of Cato is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
70.73% of the stock of Cato is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Cato is 22.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cato is 22.50, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 32.31.
Price to Book Value per Share Ratio
Cato has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cato (NYSE:CATO) Stock

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants. It operates its stores and e-commerce websites under the Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro, and Versona names. As of January 29, 2022, the company operated 1,311 stores in 32 states. It also provides credit card services to its customers, as well as layaway plans for customers who agree to make periodic payments. The company was incorporated in 1946 and is headquartered in Charlotte, North Carolina.

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CATO Stock News Headlines

September 8, 2022 | nytimes.com

Watch live: Jerome Powell speaks on monetary policy. - The New York Times

September 8, 2022 | nytimes.com

Video: Watch Live: Fed Chair Speaks at Cato Institute Conference - The New York Times

September 8, 2022 | cnbc.com

Dollar resumes climb in Asia as Powell speech, ECB loom - CNBC

September 7, 2022 | forbes.com

Don’t Miss Cato’s 40th Annual Monetary Conference - Forbes

September 7, 2022 | americanbankingnews.com

The Cato Co. (CATO) to Issue Quarterly Dividend of $0.17 on September 26th

August 29, 2022 | americanbankingnews.com

Christopher & Banks (OTCMKTS:CBKCQ) & Cato (NYSE:CATO) Critical Comparison

August 29, 2022 | americanbankingnews.com

Comparing Cato (NYSE:CATO) and Christopher & Banks (OTCMKTS:CBKCQ)

August 26, 2022 | finance.yahoo.com

THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND - Yahoo Finance

August 26, 2022 | globenewswire.com

Regenerative Engineering Society Establishes Award in Honor of MIMEDX Board Member, Dr. Cato T. Laurencin - GlobeNewswire

August 20, 2022 | americanbankingnews.com

Cato (NYSE:CATO) Cut to C at TheStreet

August 19, 2022 | nasdaq.com

There's Reason For Concern Over The Cato Corporation's (NYSE:CATO) Price - Nasdaq

August 19, 2022 | nasdaq.com

There's Reason For Concern Over The Cato Corporation's (NYSE:CATO) Price - Nasdaq

August 11, 2022 | globenewswire.com

Climb Channel Solutions Announces Partnership with Cato Networks - GlobeNewswire

August 9, 2022 | finance.yahoo.com

Regenerative Engineering Society Establishes Award in Honor of Founder Cato T. Laurencin - Yahoo Finance

July 24, 2022 | nytimes.com

Patrick J. Michaels, Vocal Outlier on Climate Change, Dies at 72 - The New York Times

July 5, 2022 | finance.yahoo.com

What Is The Ownership Structure Like For The Cato Corporation (NYSE:CATO)?

June 21, 2022 | cnn.com

Morgan Cato becomes first woman of color to be hired by an NBA team as Assistant GM - CNN

June 20, 2022 | seekingalpha.com

Cato Stock: A Cheap Prospect That Bears Some Long-Term Risk (NYSE:CATO) - Seeking Alpha

June 17, 2022 | wsj.com

'Conspiracy on Cato Street' Review: A Bloody Plot in London - The Wall Street Journal

May 25, 2022 | finance.yahoo.com

Cato (NYSE:CATO) sheds US$36m, company earnings and investor returns have been trending downwards for past five years

May 21, 2022 | nypost.com

Too many children are at risk because of their parents’ mental illness - New York Post

May 20, 2022 | benzinga.com

THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND - Benzinga - Benzinga

May 20, 2022 | seekingalpha.com

Cato declares $0.17 dividend (NYSE:CATO) - Seeking Alpha

May 17, 2022 | nypost.com

Brooklyn mom ignored daughter's pleas of 'help me' after fatal beating: prosecutors - New York Post

May 16, 2022 | nytimes.com

Girl, 9, Found Dead in Brooklyn Home With Cuts to Her Head and Bite Marks - The New York Times

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CATO Company Calendar

Last Earnings: 5/21/2020
Ex-Dividend for 6/27 Dividend: 6/10/2022
Dividend Payable: 6/27/2022
Today: 9/08/2022
Ex-Dividend for 9/26 Dividend: 9/09/2022
Dividend Payable: 9/26/2022
Next Earnings (Estimated): 11/16/2022
Fiscal Year End: 1/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Womens' clothing stores
Sub-Industry: Apparel Retail
Sector: Retail/Wholesale
Current Symbol: NYSE:CATO
CUSIP: 14920510
CIK: 18255
Web: www.catofashions.com
Phone: (704) 554-8510
Fax: 704-551-7594
Employees: 7,500
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.44
Trailing P/E Ratio: 22.34
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $36.84 million
Net Margins: 1.28%
Pretax Margin: 1.56%
Return on Equity: 3.76%
Return on Assets: 1.61%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.53
Quick Ratio: 0.95

Sales & Book Value

Annual Sales: $769.27 million
Price / Sales: 0.27
Cash Flow: $2.26 per share
Price / Cash Flow: 4.34
Book Value: $11.61 per share
Price / Book: 0.85

Miscellaneous

Outstanding Shares: 21,180,000
Free Float: 17,997,000
Market Cap: $208.20 million
Optionable: Optionable
Beta: 0.89

Key Executives

Mr. John P. Derham Cato (Age 72)
Chairman, Pres & CEO
Comp: $3.58M

Mr. Charles D. Knight (Age 57)
Exec. VP & CFO
Comp: $419.76k

Mr. Gordon D. Smith (Age 66)
Exec. VP and Chief Real Estate & Store Devel. Officer
Comp: $731.71k

J. Gregory Fagan
VP & Gen. Counsel

Mr. Stephen Headley
Sr. VP of Sourcing & MDSE Support

Mr. Woody Cozart
Sr. VP of GMM - Fashion Division

Mr. Shawn E. Smith
Sec.

Mr. Jeffrey R. Shock
Sr. VP & Controller

Ms. Christin J. Reische
Assistant Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CATO Stock - Frequently Asked Questions

How have CATO shares performed in 2022?: Cato's stock was trading at $17.16 at the start of the year. Since then, CATO shares have decreased by 42.7% and is now trading at $9.83.
View the best growth stocks for 2022 here.
When is Cato's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 16th 2022.
View our CATO earnings forecast.
How were Cato's earnings last quarter?: The Cato Co. (NYSE:CATO) announced its quarterly earnings data on Thursday, May, 21st. The specialty retailer reported ($1.19) EPS for the quarter. The specialty retailer earned $100.73 million during the quarter. Cato had a net margin of 1.28% and a trailing twelve-month return on equity of 3.76%.
How often does Cato pay dividends? What is the dividend yield for Cato?: Cato declared a quarterly dividend on Monday, August 29th. Shareholders of record on Monday, September 12th will be paid a dividend of $0.17 per share on Monday, September 26th. This represents a $0.68 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date is Friday, September 9th.
Read our dividend analysis for CATO.
Is Cato a good dividend stock?: Cato (NYSE:CATO) pays an annual dividend of $0.68 per share and currently has a dividend yield of 6.88%. CATO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 154.55%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CATO.
What is John P. Derham Cato's approval rating as Cato's CEO?: 229 employees have rated Cato Chief Executive Officer John P. Derham Cato on Glassdoor.com. John P. Derham Cato has an approval rating of 45% among the company's employees. This puts John P. Derham Cato in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Cato own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cato investors own include AT&T (T), Kohl's (KSS), Pfizer (PFE), Freeport-McMoRan (FCX), International Business Machines (IBM), Verizon Communications (VZ), Bed Bath & Beyond (BBBY), Bristol-Myers Squibb (BMY), CVS Health (CVS) and Ford Motor (F).
What is Cato's stock symbol?: Cato trades on the New York Stock Exchange (NYSE) under the ticker symbol "CATO."
Who are Cato's major shareholders?: Cato's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (3.19%), State Street Corp (2.99%), Northern Trust Corp (0.85%), Principal Financial Group Inc. (0.55%), Yacktman Asset Management LP (0.50%) and Prudential Financial Inc. (0.41%).
View institutional ownership trends.
How do I buy shares of Cato?: Shares of CATO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Cato's stock price today?: One share of CATO stock can currently be purchased for approximately $9.83.
How much money does Cato make?: Cato (NYSE:CATO) has a market capitalization of $208.20 million and generates $769.27 million in revenue each year. The specialty retailer earns $36.84 million in net income (profit) each year or $0.44 on an earnings per share basis.
How many employees does Cato have?: The company employs 7,500 workers across the globe.
How can I contact Cato?: Cato's mailing address is 8100 Denmark Road, Charlotte NC, 28273. The official website for the company is www.catofashions.com. The specialty retailer can be reached via phone at (704) 554-8510 or via fax at 704-551-7594.

This page (NYSE:CATO) was last updated on 9/8/2022 by MarketBeat.com Staff

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Cato - CATO Stock Forecast, Price & News

Cato MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows