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Last $38.51 USD
Change Today +0.49 / 1.29%
Volume 139.0K
CATO On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

cato corp-class a (CATO) Key Developments

The Cato Corp. Plans to Open 45 New Stores and Close 13 Stores in 2015

The Cato Corp. plans to open 45 new stores and close 13 stores in 2015.

Cato Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2015; Provides Earnings Guidance for the First Quarter and Full Year 2015

Cato reported unaudited consolidated earnings results for the fourth quarter and full year ended January 31, 2015. For the quarter, the company reported total revenues of $240,113,000 compared to $217,574,000 a year ago. Income before income taxes was $11,379,000 compared to $5,867,000 a year ago. Net Income was $9,151,000 compared to $3,823,000 a year ago. Basic and diluted earnings per share was $0.33 compared to $0.13 a year ago. For the full year, the company reported total revenues of $986,914,000 compared to $920,033,000 a year ago. Income before income taxes was $91,473,000 compared to $84,286,000 a year ago. Net Income was $60,502,000 compared to $54,322,000 a year ago. Basic and diluted earnings per share was $2.15 compared to $1.86 a year ago. The company expects first quarter 2015 net income to be in a range of $28.8 million to $27.9 million, a decrease of 4% to 7% compared to $30.0 million in first quarter 2014. The company estimates earnings per diluted share will be in a range of $1.03 to $1.00, a decrease of 1% to 4% compared to $1.04 in first quarter 2014. The company estimates first quarter same-store sales to be down 3% to 4% based upon February same-store sales being down 10% and adverse weather continuing into March. For 2015, the company estimates same-store sales will be in a range of flat to down 2% and its gross margin rate will decrease to 38.0% to 37.8% from 38.6% in 2014, resulting in net income in a range of $61.2 million to $56.7 million, an increase of 1% to a decrease of 6% compared to $60.5 million in 2014. The company estimates earnings per diluted share will be in a range of $2.19 to $2.03, an increase of 2% to a decrease of 6% compared to $2.15 in 2014. Capital expenditures are projected to be approximately $38 million, including $21 million for store development, $8 million for home office renovation and additional investment in the Company's e-commerce platform as well as continued investment to enhance and upgrade existing. The effective tax rate is expected to be approximately 36.2%. Depreciation is expected to be approximately $24 million for the year.

The Cato Corporation Reports Sales for the Four Weeks Ended February 28, 2015

The Cato Corporation reported sales for the four weeks ended February 28, 2015. For the period, the company reported sales of $80.5 million, a 7% decrease over sales of $87.0 million for the four week period ended March 1, 2014. Same-store sales for the month decreased 10% from the prior year.

The Cato Corporation Declares Regular Quarterly Dividend, Payable on March 25, 2015

The Board of Directors of The Cato Corporation declared a regular quarterly dividend of $0.30 per share. The dividend will be payable on March 25, 2015 to shareholders of record on March 9, 2015.

The Cato Corporation Reports Sales Results for the Four Weeks, Fourth Quarter and Year Ended January 31, 2015; Reaffirms Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2015

The Cato Corporation reported sales results for the four weeks, fourth quarter and year ended January 31, 2015. For the four weeks, the company reported sales of $54.9 million, an increase of 14% from sales of $48.1 million for the four weeks ended February 1, 2014. Same-store sales were increased 14% from last year. For the fourth quarter, the company reported sales of $237.8 million, an increase of 10% from sales of $215.5 million for the fourth quarter ended February 1, 2014. Same-store sales were increased 8% from last year. For the year, the company reported sales increased 7% to $977.9 million from 2013 sales of $910.8 million. Same-store sales were increased 4% from 2013. The company reaffirmed earnings guidance for the fourth quarter and full year of fiscal 2015. For the quarter, the company continue to expect fourth quarter EPS results will be within previous range of $0.25 to $0.29 versus $0.13 last year. For the year, the company continue to expect diluted earnings per share will be within the range of $2.07 to $2.11 versus $1.86 last year.

 

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CATO

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Price/Earnings 17.7x
Price/Sales 1.1x
Price/Book 2.8x
Price/Cash Flow 12.9x
TEV/Sales 0.8x
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