Stock News in Focus: The Cato Corporation (NYSE:CATO)

 The Cato Corporation (NYSE:CATO) stock identified change of 39.75% away from 52-week low price and recently located move of -25.38% off 52-week high price. It has market worth of $417.64M and dividend yield of 7.97%. CATO stock has been recorded 18.00% away from 50 day moving average and 15.70% away from 200 day moving average. Moving closer, we can see that shares have been trading 10.90% off 20-day moving average.

On Sept. 05, 2019, The Cato Corporation (NYSE:CATO)  notified sales for the four weeks ended August 31,2019 of $56.7 million, up 1% compared to sales of $56.4 million for the four week period ended September 1, 2018.  Same-store sales in August were up 3% compared to the four weeks ended September 1, 2018.

Sales for the thirty weeks ended August 31, 2019 were $494.8 million, down 1% compared to sales of $499.3 million for the thirty weeks ended September 1, 2018. The Company’s year-to-date same-store sales increased 2%.

August same-store sales exceeded our expectations, commented John Cato, Chairman, President, and Chief Executive Officer.  We continue to be encouraged by our current trend; however, we remain cautiously optimistic about the rest of the year given the difficult retail environment and the impact of the new tariffs.

As of August 31, 2019, the Company operated 1,299 stores in 31 states, compared to 1,350 stores in 33 states as of September 1, 2018.

 The Services sector company, The Cato Corporation noticed change of 1.10% to $16.56 along volume of 239398 shares in recent session compared to an average volume of 226.11K. The stock observed return of -3.16% in 5 days trading activity. The stock was at 19.83% over one month performance. CATO’s shares are at 28.57% for the quarter and driving a -22.65% return over the course of the past year and is now at 16.05% since this point in 2018. 

 The average volatility for the week at 3.43% and for month was at 3.86%. There are 25.22M shares outstanding and 21.76M shares are floated in market. Right now the stock beta is 0.41. 

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