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Cato Stumbles Again, but I'm Not Jumping In Just Yet This Time

Jonathan Heller

It may be déjà vu all over again for fashion retailer Cato Corp. , which plunged in 2017 as same-store sales fell off a cliff and many in the specialty retail sector suffered. Between February and May, shares rose 150% to the $26.50 range and Cato continued paying its sizable 33-cent quarterly dividend.