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Cato Corp (NYSE:CATO) Declares 4Q Income Dropped 22 Percent, Similar-Store Sales – CATO, KORS, ANN, HOTT, CHS

A Charlotte-based fashion retailer Cato Corp (NYSE:CATO) declared a decrease in net income and similar-store sales for the Q4 of its fiscal 2012.

The Cato Corp. declares its net income plunged 22% to $7.9M, or 27 cents a diluted share, for the Q4 of fiscal 2012. That is dropped from net income of $10.1M, or 35 cents a diluted share, in the previous quarter of 2011.

The firm declared sales for newest quarter were $232M, a surged of 5% from $221.5M for fiscal 2011’s Q4. Same-store sales plunged 7% in that time.

The net income dropped 5% to $61.7 million for fiscal 2012, or $2.11 per diluted share. That’s dropped from $64.8M, or $2.11 a diluted share, in the previous year.

Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Michael Kors Holdings Ltd (NYSE:KORS) lost -2.36%, Ann Inc (NYSE:ANN) edged down -2.68%, Hot Topic, Inc. (NASDAQ:HOTT) which also decreased -0.07% and Chico’s FAS, Inc. (NYSE:CHS) closed down -0.28%.

Cato Corp (NYSE:CATO) stock’s trade at beginning with a price of $25.43 and throughout the trading session climbed at a high of $25.49 other than when day-trade ended the stock finally advanced -5.64% to $24.27.

The stock is going forward its 52 week low with 2.39% and lagging behind from its 52 week high price with -17.86%. CATO last month stock price volatility remained 2.20%.

CATO stock institutional ownership remained 89.01% while insider ownership included 0.12%. In its share capital CATO has 29.28 million outstanding shares among them 27.03 million shares have been floated in market exchange.

Company’s beta coefficient included 0.74. Beta factors measures the amount of market risk associated with market trade.


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