Breakout from pivotCATO has broken above the pivot and so far is holding nicely. The risk of 5% is a bit too much for me but it is holding nicely.
−1.10USD
−22.59 MUSD
708.06 MUSD
17.01 M
About Cato Corporation (The)
Sector
Industry
CEO
John P. Derham Cato
Website
Headquarters
Charlotte
Employees (FY)
7.3 K
Founded
1946
ISIN
US1492051065
FIGI
BBG000JX7SX1
The Cato Corp. engages in the operation of apparel and accessories specialty stores. It operates through the Retail and Credit segments. The Retail segment includes the retailing of women’s apparel, shoes, and accessories. The Credit segment offers credit card and credit authorization services. The company was founded in 1946 and is headquartered in Charlotte, NC.
Cato - targeting .328 and 0.5 fib on the DailyWe see bullish divergence on the RSI on a daily time frame.
The stock is facing resistance at 0.238 fibo level and if it breaks through we target 11.8 as the first Target (0.382 fib) and 12.9 as the second target (.5 fibo).
The latter also nicely aligns with a test of the 100 day moving average.
CATO CORP a long on breakoutA earnings surprise in September has lead to a nice rally which is now in a the process of forming a pennant\flag formation.
RSI is in a bullish trajectory.
MA 7&12 acting as support.
Possible 10% upside on break above resistance.
Stock is very fairly valued considering the yield and P/E ratio.
To Monitor: Breaking the channelIf/when the price exits the area, may go to close the gap. We are monitoring it.
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Frequently Asked Questions
The current price of CATO is 4.87 USD — it has decreased by 1.81% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NYSE exchange Cato Corporation (The) stocks are traded under the ticker CATO.
Cato Corporation (The) is going to release the next earnings report on May 16, 2024. Keep track of upcoming events with our Earnings Calendar.
Cato Corporation (The) revenue for the last quarter amounts to 191.52 M USD despite the estimated figure of 189.60 M USD. In the next quarter revenue is expected to reach 188.20 M USD.
Yes, you can track Cato Corporation (The) financials in yearly and quarterly reports right on TradingView.
Like other stocks, CATO shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Cato Corporation (The) stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 16, 2024, the company has 7.30 K employees. See our rating of the largest employees — is Cato Corporation (The) on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Cato Corporation (The) EBITDA is −9.00 M USD, and current EBITDA margin is −1.01%. See more stats in Cato Corporation (The) financial statements.