The Cato Corp (NYSE: CATO) has reported E.P.S. of $-1.14 for its fourth fiscal quarter (ending January 31) versus $-0.14 for the same period a year ago. For the latest four quarters through January 31, E.P.S. were $-1.17 compared to $0.00 a year ago.
Recent Price Action
The Cato Corp (NYSE: CATO) stock closed at $5.76 on 3/21/24 after a large decline of -9.3%. Moreover, trading volume in this decline was exceptionally high at 519% of normal. The stock has declined -11.9% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Cato has a slightly positive Appreciation Score of 69 but a poor Power Rating of 25, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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