Revenue Update on Cato Corp(NYSE:CATO)

Cato Corp(NYSE:CATO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 18, 2016. Company reported revenue of $238.89M. Analysts estimated a revenue of $244.30M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.50.

Cato Corp (CATO) made into the market gainers list on Mondays trading session with the shares advancing 0.06% or 0.02 points. Due to strong positive momentum, the stock ended at $35.02, which is also near the day’s high of $35.18. The stock began the session at $35.08 and the volume stood at 81,484 shares. The 52-week high of the shares is $40.51 and the 52 week low is $32.03. The company has a current market capitalization of $969 M and it has 2,76,55,702 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 24, 2015, Thomas B Henson (director) purchased 3,000 shares at $32.70 per share price.Also, On Jun 9, 2015, Jr Edward I Weisiger, (director) purchased 2,000 shares at $37.00 per share price.

The Cato Corporation (Cato) is an operator of women’s fashion specialty retail stores. The Company operates through four segments: Cato It’s Fashion Versona and Credit. Its stores offer an assortment of apparel and accessory items in primarily junior/missy plus sizes girls sizes ( Seven to 16) men’s and kids sizes (newborn to seven). Its merchandise lines include dressy career and casual sportswear dresses coats shoes lingerie costume jewelry handbags men’s wear and lines for kids and newborns. As of January 31 2015 it operated 1346 fashion specialty stores in 32 states principally in the southeastern United States under the names Cato Cato Fashions Cato Plus It’s Fashion It’s Fashion Metro and Versona. The Company offers its own credit card and layaway plan. Its stores range in size from 2000 to 19000 square feet and are located primarily in strip shopping centers anchored by national discounters or grocery stores.

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