Alert: New Earnings Report (11/16/23)-The Cato Corp (NYSE: CATO).


The Cato Corp (NYSE: CATO) has reported a loss for its third fiscal quarter (ending October 31) of $-0.30 versus a loss $-0.21 for the same period a year ago. For the latest four quarters through October 31, E.P.S. were $-0.16 versus $-0.16 for the same period a year ago.


Recent Price Action

The Cato Corp (NYSE: CATO) stock closed at $7.01 on 11/16/23 after a large decline of -4.2%. The stock has declined -1.3% during the last week and has been weak relative to the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, CATO is expected to be Value Creation neutral.

Cato has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cato has a neutral Appreciation Score of 59 and a slightly negative Power Rating of 36, with the Low Neutral Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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