Cato traded at $2.96 this Thursday February 12th, decreasing $0.06 or 1.99 percent since the previous trading session. Looking back, over the last four weeks, Cato lost 14.94 percent. Over the last 12 months, its price fell by 15.91 percent. Looking ahead, we forecast Cato to be priced at 5.04 by the end of this quarter and at 4.59 in one year, according to Trading Economics global macro models projections and analysts expectations.
The Cato Corporation is a fashion specialty retailer. The Company has two segments: the operation of a fashion specialty store segment (Retail Segment) and a credit card segment (Credit Segment). Its merchandise lines include dressy, career and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear, and lines for kids and infants. The apparel specialty stores operate under the names Cato, Cato Fashions, Cato Plus, It’s Fashion, It’s Fashion Metro and Versona, including e-commerce Websites. The Company offers its own credit card to its customers and all credit authorizations, payment processing and collection efforts are performed by a separate subsidiary of the Company. It operates approximately 1,330 fashion specialty stores in over 33 states, principally in the southeastern United States.