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 $5.01, down 1.76% from the previous day, and has decreased 40.29% in one year. It has underperformed other stocks in the Apparel Retail industry by 0.47 percentage points. Cato stock is currently +6.26% from its 52-week low of $4.72, and -43.77% from its 52-week high of $8.91.
There are currently 20.57M shares of CATO outstanding. The market cap of CATO is $103.04M. In the last 24 hours, 92,164 CATO shares were traded.
How to Buy Cato Stock
Not sure how to invest in Cato stock? Here's how.
- Choose where to buy Cato stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out 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: Pick your method of payment and add your details.
- 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 evaluate 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 stock at a specific price.
- Get updates on your investment in CATO: Create a watchlist to the latest updates on your position in Cato shares.
Step 1: Choose where to buy Cato stock
You need a brokerage account in order to access the NYSE market and buy CATO shares.
Our recommended brokerage: eToro
Based on our experience, eToro is the best stock brokerage. eToro gives you:
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Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, you need to fill out some personal details so you are able to invest in CATO today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new brokerage account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have filled out your info on the greatest app to buy stocks, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of transferring funds into your brokerage account.
Step 4: Research Cato stock
After you have chosen the best place to buy Cato stock, it's crucial to analyze their stock before you invest, so you actually understand the risk as well as the opportunity.
Cato Metrics
CATO Due Diligence Checks
WallStreetZen was designed to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CATO's stock page.
How is CATO stock valued?
You can use many financial metrics, analyses, models, and charts to gauge CATO's fair value.
Using relative valuations methods:
- CATO may be undervalued based on its P/B ratio of 0.54x, relative to Apparel Retail industry P/B ratio of 7.12x
You can access more valuation analysis on CATO's stock here.
CATO Financial Summary
Pros:
- There are more short-term assets than short-term liabilities on the CATO balance sheet.
- There are more short-term assets than long-term liabilities on the CATO balance sheet.
- CATO has cash burn of 12055000. It has sufficient cash and short-term investments to cover this for at least one year.
- CATO has $106.93M in cash and short term investments. This is enough to cover its annual cash burn of $12.06M.
Cons:
- Total CATO debt is higher than 5 years ago, relative to shareholder equity.
- CATO has a relatively high debt to equity ratio of 1.53.
- CATO profit margin has gone down from 0% to -3.4% in the past year.
CATO Momentum
Is CATO Making Money?
Last year, CATO revenue was $708.06M. During the past 5 year, CATO's revenue has increased by -3.12% per year. This was slower than the Apparel Retail industry average of 9.19%.
Find out more about CATO's earnings and revenue performance here.
Who is buying/selling CATO?
Over the past 12 months, executives and large shareholders at CATO have sold more shares than they have bought.
Bailey W. Patrick, Director of CATO, was the latest CATO insider to sell. They sold $19,180.00 worth of CATO shares on Nov 17, 2023.
Dig into more about who owns CATO shares here.
Can I rely on CATO as an income stream?
Cato pays a dividend of 13.57%, compared to the Apparel Retail industry's average dividend yield of 4.59%. If you owned $1,000 of CATO stock, you would have been paid $135.73 in the past 12 months.
Cato dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more data about Cato dividend yield and history here.
What do other investors have to say about CATO?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your CATO purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount limit, use a limit order.
Hit the Open button and your broker will execute your order.
If you want additional help with investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your investment in CATO
Now that you own some shares in CATO, you'll want to keep up with your new shares.
Put CATO on a watchlist to get the latest updates about your CATO stock.
CATO Feed
How to Buy Stock in Cato
To reiterate, here are the 6 steps to buy stock in Cato:
- 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 are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Cato, get started below.
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