Cato Reaches New 52-Week High (CATO)

NEW YORK (TheStreet) -- Cato Corp (NYSE:CATO) hit a new 52-week high Tuesday as it is currently trading at $29.97, above its previous 52-week high of $29.93 with 77,842 shares traded as of 12:46 p.m. ET. Average volume has been 152,900 shares over the past 30 days.

Cato has a market cap of $814.2 million and is part of the services sector and retail industry. Shares are up 7% year to date as of the close of trading on Friday.

The Cato Corporation operates as a specialty retailer of fashion apparel and accessories in the southeastern United States. The company has a P/E ratio of 13.6, below the average retail industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cato as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth, good cash flow from operations, attractive valuation levels and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Cato Ratings Report.

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