For its second fiscal quarter (ending July 31), The Cato Corp (NYSE: CATO) has reported E.P.S. of $0.01 compared to $0.06 a year ago. For the latest four quarters through July 31, E.P.S. were $-0.90 versus $-0.08 for the same period a year ago.
Recent Price Action
The Cato Corp (NYSE: CATO) stock closed at $4.91 on 8/22/24 after a decline of -2.6%. However, exceptionally low trading volume at 19% of normal accompanied the decline. The stock has risen 2.9% during the last week but has been extremely weak relative to the market over the last nine months.
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 C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Cato has a good Appreciation Score of 72 but a poor Power Rating of 19, resulting in the Low Neutral Value Trend Rating.
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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