CATO News and Press, Cato Corporation Class A From 07/23/20

A number of mall retailers are trading higher even with Ascena Retail ( ASNA -25.2% ) filing to reorganize under bankruptcy protection earlier today. More news on: G-III Apparel Group, Ltd., Genesco Inc., Designer Brands Inc., Consumer stocks news, Stocks on the move, Read more ....

We believe at current prices, there is value in The CATO Corporation (CATO). We like the strength of CATO's balance sheet, with only operating leases as its main contractual obligation and a recently withdrawn $30M from its revolving line of credit. Since we don't believe the company is going ...

CHARLOTTE, N.C. , May 22, 2020 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) held its Annual Shareholders' Meeting yesterday, reporting increases in net income and earnings per diluted share for 2019. Cato's net income in 2019 was $35.9 million – up 18 percent fr...

CHARLOTTE, N.C. , May 21, 2020 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net loss of $28.4 million or ($1.19) per diluted share for the first quarter ended May 2, 2020 , compared to net income of $21.3 million or $.87 per diluted share for the first qu...

The number of dividend cuts and suspensions announced by publicly traded firms in the United States has soared during April 2020 in one of the worst single months for dividend-paying firms in stock market history. The following chart shows the classic recessionary sign of the number of divid...

Cato (NYSE: CATO ) reopened a majority of its stores, consistent with local health and safety guidelines and regulations. More news on: The Cato Corporation, Consumer stocks news, Read more ...

CHARLOTTE, N.C. , May 1, 2020 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today announced it reopened a majority of its stores, consistent with local health and safety guidelines and regulations.  Company management will assess the guidance and local government m...

Current Situation The Covid-19 virus has spread rapidly in almost all areas of the U.S. Various levels of lock downs have been employed nationwide. Because of the 1-2 week latency of the virus, it will take another week or two to see if current efforts will slow the spread of the virus. ...

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Women's fashion retailer The Cato Corporation (NYSE: CATO) is keeping all its stores closed through at least April 16 due to the COVID-19 pandemic. The company operates 1,300 stores across the U.S. that are currently closed, but it had hoped to reopen by April 1. However, as the spread of th...