Cato (NYSE:CATO) released its earnings results on Thursday. The specialty retailer reported ($0.13) EPS for the quarter, Bloomberg Earnings reports. The firm had revenue of $190.88 million during the quarter. Cato had a return on equity of 10.94% and a net margin of 4.34%.
CATO stock traded down $0.44 on Friday, reaching $11.40. 2,223 shares of the company’s stock were exchanged, compared to its average volume of 224,414. The stock has a fifty day moving average of $15.40 and a 200-day moving average of $16.93. Cato has a twelve month low of $9.66 and a twelve month high of $19.73. The firm has a market cap of $264.84 million, a PE ratio of 7.84 and a beta of 0.37. The company has a quick ratio of 1.39, a current ratio of 2.00 and a debt-to-equity ratio of 0.33.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Monday, March 9th will be paid a $0.33 dividend. The ex-dividend date is Friday, March 6th. This is an increase from Cato’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 11.58%.
The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce Websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants.
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