|Day's Range||21.23 - 22.13|
|52 Week Range||19.73 - 38.88|
|PE Ratio (TTM)||17.92|
|Earnings Date||May 17, 2017 - May 22, 2017|
|Dividend & Yield||1.32 (6.22%)|
|1y Target Est||23.00|
The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, "Cato", "Versona" and "It's Fashion". The Company's Cato stores offer exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day. The Company also offers exclusive merchandise found in its Cato stores at www.catofashions.com. Versona is a unique fashion destination offering apparel and accessories including jewelry, handbags and shoes at exceptional prices every day. Select Versona merchandise can also be found at www.shopversona.com. It's Fashion offers fashion with a focus on the latest trendy styles for the entire family at low prices every day.
CHARLOTTE, N.C., May 19, 2017 /PRNewswire/ -- The Cato Corporation (CATO) held its Annual Shareholders' Meeting on Friday, May 19, 2017 at its corporate offices in Charlotte, N.C. John Cato, Chairman, President, and Chief Executive Officer, began the meeting with a recap of three major initiatives undertaken by The Company in 2014 to address changes in customer buying habits. The initiatives were the launch of our e-commerce platform, opening our own overseas sourcing offices, and shifting to a new model of designing fashions internally. Mr. Cato indicated each of these initiatives has required adjustments to how the business operates and each will play a key role in The Company's future success. Mr. Cato stated The Company reported record earnings in 2015 and achieved over $1 billion in sales. Unfortunately, Mr. Cato said 2016 was more difficult, as it was for many retailers, but he was proud to highlight the year was still very profitable. He also indicated these challenges are continuing in 2017 and are primarily the result of changing consumer buying habits affecting the entire retail industry, as well as internal merchandising missteps.
The Charlotte, North Carolina-based company said it had profit of 85 cents per share. The clothing retailer posted revenue of $239.7 million in the period. Cato shares have dropped 30 percent since the ...