The stock price of Cato Corp. (NYSE: CATO) has jumped by 12.10 compared to previous close of 4.71. Despite this, the company has seen a gain of 16.04% in its stock price over the last five trading days. prnewswire.com reported 2024-08-30 that CHARLOTTE, N.C., Aug. 30, 2024 /PRNewswire/ — The Board of Directors of The Cato Corporation (NYSE: CATO) declared a regular quarterly dividend of $0.17 per share.
Is It Worth Investing in Cato Corp. (NYSE: CATO) Right Now?
The 36-month beta value for CATO is at 1.15. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for CATO is 16.77M, and currently, shorts hold a 2.76% of that float. The average trading volume for CATO on September 30, 2024 was 118.28K shares.
CATO’s Market Performance
CATO stock saw an increase of 16.04% in the past week, with a monthly gain of 10.00% and a quarterly increase of -4.69%. The volatility ratio for the week is 3.86%, and the volatility levels for the last 30 days are 3.68% for Cato Corp. (CATO). The simple moving average for the past 20 days is 14.00% for CATO’s stock, with a -8.14% simple moving average for the past 200 days.
Analysts’ Opinion of CATO
Many brokerage firms have already submitted their reports for CATO stocks, with MKM Partners repeating the rating for CATO by listing it as a “Neutral.” The predicted price for CATO in the upcoming period, according to MKM Partners is $37 based on the research report published on May 23, 2016 of the previous year 2016.
MKM Partners, on the other hand, stated in their research note that they expect to see CATO reach a price target of $35, previously predicting the price at $36. The rating they have provided for CATO stocks is “Neutral” according to the report published on March 18th, 2016.
MKM Partners gave a rating of “Neutral” to CATO, setting the target price at $39 in the report published on November 23rd of the previous year.
CATO Trading at 9.05% from the 50-Day Moving Average
After a stumble in the market that brought CATO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.46% of loss for the given period.
Volatility was left at 3.68%, however, over the last 30 days, the volatility rate increased by 3.86%, as shares surge +8.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.93% upper at present.
During the last 5 trading sessions, CATO rose by +16.04%, which changed the moving average for the period of 200-days by -20.96% in comparison to the 20-day moving average, which settled at $4.65. In addition, Cato Corp. saw -26.05% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CATO starting from PATRICK BAILEY W, who sale 3,000 shares at the price of $6.85 back on Nov 17 ’23. After this action, PATRICK BAILEY W now owns 35,808 shares of Cato Corp., valued at $20,553 using the latest closing price.
Stock Fundamentals for CATO
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.33 for the gross margin
The net margin for Cato Corp. stands at -0.03. The total capital return value is set at -0.07. Equity return is now at value -8.24, with -3.60 for asset returns.
Based on Cato Corp. (CATO), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1.
Currently, EBITDA for the company is -7.18 million with net debt to EBITDA at -7.75. When we switch over and look at the enterprise to sales, we see a ratio of 0.28. The receivables turnover for the company is 22.8for trailing twelve months and the total asset turnover is 1.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
In conclusion, Cato Corp. (CATO) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
