The Cato Corporation (CATO)
The Cato Corporation operates in the Apparel - Retail industry of the Consumer Cyclical sector, headquartered in Charlotte, NC, US. The stock last traded at $3.33, up 1.83% on the session, giving a market capitalisation of $60.6M. On trailing twelve-month figures it carries a trailing P/E of 333.00, a net margin of -0.0%. Its beta of 0.58 implies it has historically moved less than the broad market.
The Cato Corporation, encompassing its subsidiary entities, operates as a specialized vendor of fashionable clothing and accompanying accessories, with its primary market centered in the southeastern region of the United States. Its business model is structured into two principal divisions: retail sales and financial credit services. Through its network of brick-and-mortar stores and digital storefronts, the company offers a comprehensive assortment of apparel and adornments. This collection spans formal, professional, and everyday casual wear, along with dresses, outerwear, footwear, intimate apparel, imitation jewelry, and handbags. Additionally, it features specific product lines catering to male customers, children, and infants. These retail establishments and online platforms operate under several distinct brand identities, including Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro, and Versona. By January 29, 2022, the corporation managed 1,311 outlets distributed across 32 states. Beyond its merchandising activities, Cato Corporation extends credit card facilities to its clientele and offers layaway plans for those wishing to make scheduled installments. The firm was established in 1946 and maintains its corporate headquarters in Charlotte, North Carolina.
The Cato Corporation is most often compared with the following Consumer Cyclical names: