How to Buy Cato Stock
Cato Corp
Cato is a apparel company located in North Carolina, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker CATO on the NYSE exchange.
Cato stock last closed at $8.29, up 4.41% from the previous day, and has decreased 33.84% in one year. It has underperformed other stocks in the Apparel Retail industry by 0.23 percentage points. Cato stock is currently +4.8% from its 52-week low of $7.91, and -39.53% from its 52-week high of $13.71.
As of Jun 2, 2023, there are 20.24M shares of CATO outstanding. The market cap of CATO is $167.82M. In the last 24 hours, 76,677 CATO shares were traded.
How to Buy Cato Stock
Wondering how to invest in Cato stock? Here's how.
- Choose where to buy Cato stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Cato stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your method of payment and add your info.
- Research Cato stock: The Cato ticker symbol is CATO. Is Cato stock a good investment? Should you buy shares of CATO? How do CATO's underlying business fundamentals look? Do top analysts think Cato is a good buy? Why has CATO's stock price moved recently? (Hint: Our stock research website can help you decide if CATO is a good stock to buy).
- Execute your CATO purchase: Decide if you will purchase CATO shares at the current market price or use a limit order to buy CATO shares at a specific price.
- Get updates on your investment in CATO: Create a watchlist to keep track of your position in Cato shares.
Step 1: Choose where to buy Cato stock
You will need a brokerage account to access the NYSE market and buy CATO shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best brokerage. eToro gives you:
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- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
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- Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by opening an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal info so you are able to invest in CATO stock today.
How to Create a New Investment Account on eToro
- Click here to get started.
- Enter your personal data to start your new trading account.
- Send your info by hitting the "Create Account" button.
Step 3: Fund your investment account
Now that you've opened your account on the best stock broker app, you need to deposit funds:
Check out the tutorial below if you need help depositing funds into your new investment account.
Step 4: Research Cato stock
Once you have selected the best place to buy Cato stock, it's crucial to analyze their stock before you buy, so you can comprehend the risk and opportunity.
Cato Metrics
CATO Fundamentals
WallStreetZen was built to help everyday investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CATO's stock page.
What is the fair value of CATO stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CATO's fair value.
Using relative valuations metrics:
- CATO may be undervalued based on its P/B ratio of 0.74x, relative to Apparel Retail industry P/B ratio of 8.18x
You can do additional valuation research on CATO's stock here.
CATO Financial Overview
Pros:
- There are more short-term assets than long-term liabilities on the CATO balance sheet.
- There are more short-term assets than short-term liabilities on the CATO balance sheet.
Cons:
- CATO has a relatively high debt to equity ratio of 1.36.
- CATO's operating cash flow of $24.03M allows it to safely service it's debt of $155.47M.
- CATO profit margin has gone down from 3.4% to -0.7% in the past year.
- CATO earnings of -$3.27M is not sufficient to cover its interest payments.
- Total CATO debt is higher than 5 years ago, relative to shareholder equity.
CATO Technicals
CATO Growth Numbers
Last year, CATO revenue was $744.59M. In the last 5 year, CATO's revenue has gone up by -2.58% per year. This was slower than the Apparel Retail industry average of 14.27%.
You can research CATO's earnings and revenue performance here.
Latest Insiders Trades at CATO
Over the last 12 months, insiders at CATO have sold more shares than they have bought.
Cathy Bailey, SVP GMM CATO DIV of CATO, was the latest CATO insider to sell. They sold $25,422.90 worth of CATO shares on May 1, 2023.
Dig into more about who owns CATO stock here.
Can I rely on CATO as an income stream?
Cato pays a dividend of 8.2%, compared to the Apparel Retail industry's average dividend yield of 4.44%. If you owned $1,000 of CATO stock, you would have received $82.03 in the past year.
Cato dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more analysis about Cato dividend yield and history here.
Get analysis from other investors
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your CATO purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact price, place a limit order.
Hit the Open button and eToro will execute your order.
If you require additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get updates on your investment in CATO
Now that you own some CATO shares, you'll want to stay up-to-date on your stock purchase.
Put CATO on a watchlist to track the most important metrics related to your CATO stock.
CATO Feed
How to Buy Stock in Cato
To summarize, here are the 6 steps you need to take to buy Cato stock right now:
- Choose where to buy Cato stock
- Create your brokerage account
- Fund your investment account
- Research Cato stock
- Execute your CATO purchase
- Get updates on your investment in CATO
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your new investment in Cato, create a watchlist today.
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