The Cato Corp (NYSE: CATO) has reported earnings for its first fiscal quarter (ending April 30) of $0.54 versus $0.22 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $-0.84 versus $-0.24 for the same period a year ago.
Recent Price Action
The Cato Corp (NYSE: CATO) stock enjoyed a major increase of 11.4% on 5/23/24. The shares closed at $5.78. Moreover, trading volume in this advance was unusually high at 178% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 11.8% during the last week.
Current PriceTarget Research Rating
CATO’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Cato has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Cato has a slightly positive Appreciation Score of 67 but a very low Power Rating of 12, and the Negative Value Trend Rating results.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment