Insider Trading in Focus: Cato Corporation (The) $CATO

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Cato Corporation (The) (NYSE:CATO) insider have most recently took part in a trading activity. On Aug 22, 2017 Stowe Daniel Harding, Director bought 7,000 shares having total worth of $99,890 at the price of $14.27 per share, following the transaction a total of 23,686 shares owned by Stowe Daniel Harding. Before this latest buy, Stowe Daniel Harding purchased CATO at 1 other times during the past twelve months, for a total investment of $34,275 at an average of $13.71 per share.

The stock has experienced a total of 3 insider trades in the past three months. These trades include 3 buy trades. Furthermore, over the past 12 months , the stock was traded 4 times by insiders. an employee of the company was the buyer in 4 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 3 0 -37.15%
12 Month 4 0 -62.88%

Shares of Cato Corporation (The) (NYSE:CATO) traded down 3.17% on Aug 22, 2017, hitting $13.74. 413,796 shares of the company’s stock traded hands. Cato Corporation (The) has a 52 week low of $13.07 and a 52 week high of $39.22. The company’s market cap is $917 million.

Cato Corporation (The) (NYSE:CATO) last announced its earnings results on Aug 17, 2017. The company reported -0.03 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.11 by $0.14. The company had revenue of $207 million for the quarter, compared to the consensus estimate of $210 million. During the same quarter in the previous year, the company posted 0.57 earnings per share. The company’s revenue for the quarter was down 13% on a year-over-year basis.

2017-08-17 2017-05-18 2017-03-16 2016-11-17 2016-08-18 2016-05-19 2015-11-19 2015-08-20 2015-05-21 2015-03-19
earnings per share -0.03 0.85 -0.48 0.30 0.57 1.29 0.24 0.56 1.11 0.33
Revenue(M) 206.96 239.74 220.45 209.26 238.89 287.97 225.47 251.27 283.9 240.11

Cato Corporation was founded in 1946. The Company is a fashion specialty retailer. It has two reportable segments, the operation of a fashion specialty stores segment (‘Retail Segment’) and a credit card segment (‘Credit Segment’). The Company operates 1,310 fashion specialty stores in 31 states, mainly in the southeastern United States, under the names ‘Cato,’ ‘Cato Fashions,’ ‘Cato Plus,’ ‘It’s Fashion,’ ‘It’s Fashion Metro’ and ‘Versona Accessories’. The Cato concept seeks to offer quality fashion apparel and accessories at low prices, every day in junior/missy, plus sizes and girl’s sizes 7 to 16. The Cato concept’s stores feature an assortment of apparel and accessories, including dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry and handbags. A portion of the Cato concept’s merchandise is sold under its private label and is produced by various vendors in accordance with the concept’s specifications. The It’s Fashion and It’s Fashion Metro concepts offer fashion with a focus on the latest trendy styles and nationally recognized urban brands for the entire family at low prices every day. In fiscal 2011, the Company introduced the Versona Accessories concept. These stores offer quality fashion jewelry and accessories accented by key apparel items at exceptional values every day. The Company’s stores range in size from 2,000 to 19,000 square feet and are located mainly in strip shopping centers anchored by national discounters or market-dominant grocery stores. The Company emphasizes friendly customer service and coordinated merchandise presentations in an appealing store environment. The Company offers its own credit card and layaway plan. The Company offers its own credit card and a layaway plan to make the purchase of its merchandise more convenient for its customers. The Company competes with retail chains that operate similar women’s apparel specialty stores and with mass merchandise chains, discount store chains and major department stores.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.