The Cato Corp (NYSE: CATO) has reported a loss for its third fiscal quarter (ending October 31) of $-0.79 versus a loss $-0.30 for the same period a year ago — an increase of 163%. For the latest four quarters through October 31, E.P.S. were $-1.38 compared to $-0.16 a year ago — an increase of 762%.
Recent Price Action
The Cato Corp (NYSE: CATO) stock closed at $4.96 on 11/21/24 after a major decline of -18.4%. Moreover, trading volume in this decline was exceptionally high at 263% of normal. The stock has been weak relative to the market over the last nine months and has declined -15.9% during the last week.
Current PriceTarget Research Rating
Cato has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Cato has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 43, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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