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Stock News Buzz: The Cato Corporation (NYSE:CATO)

The Cato Corporation (NYSE:CATO) spotted trading -52.53% off 52-week high price. On the other end, the stock has been noted 7.68% away from the low price over the last 52-weeks. The stock changed -0.70% to recent value of $12.76. The stock transacted 211663 shares during most recent day however it has an average volume of 254.68K shares. The company has 24.26M of outstanding shares and 21.36M shares were floated in the market.  

The Cato Corporation (NYSE:CATO) reported sales of $76.1 million for the four weeks ended June 1, 2019, a 2% decrease from sales of $77.3 million for the four weeks ended June 2, 2018.  Same-store sales for the four weeks ended June 1, 2019 increased 1% from the four weeks ended June 2, 2018.

Sales for the seventeen weeks ended June 1, 2019 were $304.2 million, a 3% decrease from sales of $313.2 million for the seventeen weeks ended June 2, 2018.  The Company’s year-to-date same-store sales were flat compared to last year.

“May same-store sales were in-line with our expectations,” stated John Cato, Chairman, President, and Chief Executive Officer, “and we remain cautiously optimistic for the year.”   

As of June 1, 2019, the Company operated 1,302 stores in 31 states, compared to 1,351 stores in 33 states as of June 2, 2018.

 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 7.10% while its profit margin remained 6.70% for the last 12 months. 

 According to the most recent quarter its current ratio was 2.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.62% from the mean of 20 days, -9.93% from mean of 50 days SMA and performed -22.36% from mean of 200 days price. Company’s performance for the week was -5.90%, -13.73% for month and YTD performance remained -10.58%.

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