Cato (NYSE:CATO) Stock, Quote.Headers.trade-ideas

Cato

The Cato Corp operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. Its primary objective is to be the fashion specialty retailer for fashion and value in its markets. The company operates through the following business segments: Retail and Credit. The Retail segment which generates the majority of revenue offers fashion specialty stores. The Credit segment involves credit card services.

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CATO

Cato Corporation (NYSE: CATO) reported first-quarter 2024 earnings of 54 cents per share, which marks a significant increase from the prior-year quarter&#39;s figure of 22 cents per share.

CATO Q1 Earnings Improve Y/Y on Lower Costs, Sales Down

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Cato Corporation (The) Class A Common Stock

The Cato Corp

Cato Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cato#NYSE">CATO</a>) reported first-quarter 2024 earnings of 54 cents per share, which marks a significant increase from the prior-year quarter&#39;s figure of 22 cents per share.
The company&#39;s retail sales for the quarter were $175.3 million, down from $190.3 million in the prior-year quarter. The 6% decline in same-store sales was a significant contributor to this drop. Other revenues, mainly from finance charges and layaway fees, were $1.8 million compared to $1.7 million previously. Total revenues stood at $177.1 million, down from $192.1 million.
The reduction in selling, general and administrative (&quot;SG&amp;A&quot;) expenses played a crucial role in improving profitability. Effective cost controls, especially in areas like payroll and advertising, helped offset some of the adverse impacts of lower sales. The overall decline in sales highlights the ongoing pressure on consumer&#39;s discretionary spending as a result of the challenges posed by high interest rates and inflation.
<div class="chart_embed">
<h3>Cato Corporation Price, Consensus and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/CATO/price-consensus-eps-surprise-chart?icid=chart-CATO-price-consensus-eps-surprise-chart"><img alt="Cato Corporation (The) Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/07/1716557565.png" style="height:265px; width:530px" title="" /> </a>
Cato Corporation price-consensus-eps-surprise-chart | Cato Corporation Quote
</div>
<h3>A Look into the Business Metrics</h3>
<h3>Gross Margin</h3>
The gross margin, as a percentage of sales, was 35.8%, the same as the year-ago period. This stability suggests that Cato has been able to maintain its pricing strategy and manage its cost of goods sold effectively despite the reduction in sales volume.
<h3>SG&amp;A Expenses</h3>
SG&amp;A expenses decreased to $56.8 million from $61.9 million in the previous year, a reduction primarily attributed to lower equity compensation, advertising and store expenses, including payroll. This was partially offset by increased insurance expenses. As a percentage of sales, SG&amp;A expenses slightly decreased to 32.4% from 32.5%, demonstrating improved operational efficiency.
<h3>Interest and Other Income</h3>
Interest and other income rose significantly to $5.8 million from $0.9 million in the prior-year quarter. This significant increase was primarily due to a net gain of $3.2 million from the sale of land.
<h3>Net Income</h3>
Cato&#39;s net income more than doubled to $11 million from $4.4 million in the same quarter last year, reflecting improved profitability despite lower sales.
<h3>Balance Sheet Position (As of May 4, 2024)</h3>
Cato had $39.1 million in cash and cash equivalents, a significant increase from $23.9 million as of Feb 3, 2024.
Total assets of $477.1 million marked a slight decrease from $486.8 million at the end of the previous fiscal year.
The company reported stockholders&#39; equity of $196.9 million, up from $192.3 million as of Feb 3, 2024.
<h3>Share Repurchase Update</h3>
Cato bought back 431,415 shares during the first quarter of 2024, indicating the company&#39;s commitment to returning value to shareholders and confidence in its long-term prospects.
<h3>Management Outlook</h3>
Management&#39;s remarks suggest a cautious approach for the remainder of the year due to the ongoing economic pressures on consumer spending.
<h3>Other Developments</h3>
During the first quarter, Cato did not open any new stores but permanently closed seven stores. As of May 4, 2024, the company operated 1,171 stores in 31 states compared to 1,264 stores in 32 states as of Apr 29, 2023. This reduction in store count reflects a strategic consolidation in response to market conditions.
<a href="https://www.zacks.com/stock/news/2278912/cato-q1-earnings-improve-y-y-on-lower-costs-sales-down?cid=CS-BENZ-FT-analyst_blog|earnings_article-2278912">To read this article on Zacks.com click here.</a>

WIIM

Cato shares are trading higher after the company reported a year-over-year increase in Q1 EPS results.

<h3>Gainers</h3>
<ul>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) shares increased by 16.1% to $0.53 during Thursday's regular session. The company's market cap stands at $84.3 million. </li>
<li>Forza X1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRZA#NASDAQ">FRZA</a>) stock rose 14.99% to $0.46. The market value of their outstanding shares is at $7.2 million. </li>
<li>Raytech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAY#NASDAQ">RAY</a>) stock moved upwards by 13.61% to $4.0. The company's market cap stands at $69.9 million. </li>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) stock increased by 11.69% to $1.25. The company's market cap stands at $53.3 million. </li>
<li>Lulus Fashion Lounge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVLU#NASDAQ">LVLU</a>) stock increased by 10.45% to $1.96. The market value of their outstanding shares is at $80.7 million. </li>
<li>Cato (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CATO#NYSE">CATO</a>) shares increased by 10.4% to $5.73. The market value of their outstanding shares is at $117.8 million. As per the press release, Q1 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MGO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) shares decreased by 38.8% to $0.71 during Thursday's regular session. The market value of their outstanding shares is at $11.6 million. </li>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares fell 34.39% to $0.25. The market value of their outstanding shares is at $12.9 million. </li>
<li>Barnes &amp; Noble Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares declined by 33.47% to $0.75. The market value of their outstanding shares is at $39.9 million. </li>
<li>Naas Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) stock fell 12.57% to $0.38. The company's market cap stands at $98.3 million. </li>
<li>Mynd.ai (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MYND#AMEX">MYND</a>) stock fell 12.5% to $2.94. The company's market cap stands at $134.2 million. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) stock declined by 12.25% to $0.89. The market value of their outstanding shares is at $28.7 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Guidance

Cato Says Remain Cautious About Remainder Of The Year, With Pressure On Customers' Discretionary Spending Levels

Cato Q1 Same-Store Sales Decrease 6%

Cato Says Pressure On Customers' Discretionary Spending Levels Due To High Interest Rates And Inflation Continue To Negatively Impact Sales

Cato (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CATO#NYSE">CATO</a>) reported quarterly earnings of $0.54 per share. This is a 145.45 percent increase over earnings of $0.22 per share from the same period last year. The company reported $177.10 million in sales this quarter. This is a 7.78 percent decrease over sales of $192.05 million the same period last year.

Cato Q1 EPS $0.54 Up From $0.22 YoY, Sales $177.10M Down From $192.05M YoY

<h3>Gainers</h3>
<ul>
<li>Cato (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CATO#NYSE">CATO</a>) shares rose 8.6% to $5.79 during Monday's after-market session. The market value of their outstanding shares is at $119.1 million. As per the press release, Q4 earnings came out 2 days ago. </li>
<li>SunCar Tech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDA#NASDAQ">SDA</a>) stock increased by 8.08% to $7.22. The market value of their outstanding shares is at $636.1 million. </li>
<li>Noodles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDLS#NASDAQ">NDLS</a>) stock rose 4.86% to $1.94. The market value of their outstanding shares is at $87.2 million. </li>
<li>GreenTree Hospitality Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHG#NYSE">GHG</a>) shares moved upwards by 4.61% to $3.4. The company's market cap stands at $347.4 million. As per the press release, FY earnings came out today. </li>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares rose 4.52% to $0.18. The market value of their outstanding shares is at $9.1 million. </li>
<li>Purple Innovation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRPL#NASDAQ">PRPL</a>) shares increased by 4.16% to $1.5. The market value of their outstanding shares is at $160.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Linkage Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCB#NASDAQ">LGCB</a>) stock decreased by 7.7% to $3.0 during Monday's after-market session. The company's market cap stands at $64.5 million. </li>
<li>Cazoo Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZOO#NYSE">CZOO</a>) shares decreased by 7.22% to $3.6. The market value of their outstanding shares is at $17.6 million. </li>
<li>Barnes &amp; Noble Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) stock decreased by 5.81% to $0.61. The market value of their outstanding shares is at $32.4 million. </li>
<li>Smart Share Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EM#NASDAQ">EM</a>) shares decreased by 5.31% to $0.62. The company's market cap stands at $162.3 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares declined by 4.98% to $0.31. The market value of their outstanding shares is at $4.4 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXA#NASDAQ">CNXA</a>) stock decreased by 3.28% to $0.24. The market value of their outstanding shares is at $5.3 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>Kaival Brands Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares increased by 107.5% to $2.76 during Thursday's regular session. The market value of their outstanding shares is at $7.8 million. </li>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) stock increased by 42.18% to $0.13. The company's market cap stands at $5.5 million. </li>
<li>Cazoo Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZOO#NYSE">CZOO</a>) shares moved upwards by 30.37% to $4.55. The market value of their outstanding shares is at $22.2 million. </li>
<li>Canoo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) stock increased by 27.27% to $4.34. The company's market cap stands at $247.1 million. </li>
<li>Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) shares increased by 22.38% to $31.76. The company's market cap stands at $1.7 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Vroom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRM#NASDAQ">VRM</a>) stock rose 21.69% to $13.52. The market value of their outstanding shares is at $24.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lixiang Education Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) stock decreased by 87.1% to $0.67 during Thursday's regular session. The company's market cap stands at $4.4 million. </li>
<li>Lanvin Group Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LANV#NYSE">LANV</a>) stock declined by 17.58% to $1.36. The company's market cap stands at $178.6 million. </li>
<li>Baozun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZUN#NASDAQ">BZUN</a>) stock decreased by 16.32% to $2.41. The market value of their outstanding shares is at $145.6 million. As per the news, the Q4 earnings report came out today. </li>
<li>Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) shares fell 16.0% to $175.53. The market value of their outstanding shares is at $9.6 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Designer Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) stock decreased by 10.12% to $10.36. The market value of their outstanding shares is at $588.7 million. As per the press release, Q4 earnings came out today. </li>
<li>Cato (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CATO#NYSE">CATO</a>) stock fell 9.45% to $5.75. The market value of their outstanding shares is at $118.3 million. As per the press release, Q4 earnings came out today. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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During 2024, the Company plans to open up to 15 new stores and close up to 75&nbsp;underperforming stores as leases expire.

Looking Ahead To 2024, Cato Says It Remains Cautious In The Challenging Economic Environment

&quot;Our fiscal 2023 sales trend was negatively impacted by pressure on our customers&#39; discretionary spending levels primarily due to higher interest rates and inflation,&quot; said&nbsp;John Cato, Chairman, President and Chief Executive Officer.

Cato's Q4 Same-store Sales Decrease 5%

Cato (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CATO#NYSE">CATO</a>) reported quarterly losses of $(1.14) per share. This is a 714.29 percent decrease over losses of $(0.14) per share from the same period last year. The company reported $174.88 million in sales this quarter. This is a 2.33 percent decrease over sales of $179.05 million the same period last year.

Cato Q4 EPS $(1.14) Down From $(0.14) YoY, Sales $174.88M Down From $179.05M YoY

<h3>Gainers</h3>
<ul>
<li>Aterian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATER#NASDAQ">ATER</a>) shares rose 7.8% to $0.47 during Monday's after-market session. The market value of their outstanding shares is at $42.4 million. </li>
<li>Fossil Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOSL#NASDAQ">FOSL</a>) stock rose 5.0% to $1.05. The company's market cap stands at $55.1 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares moved upwards by 5.0% to $0.43. The company's market cap stands at $6.1 million. </li>
<li>Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) shares increased by 3.73% to $0.39. The market value of their outstanding shares is at $27.5 million. </li>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) stock rose 3.7% to $1.12. The market value of their outstanding shares is at $14.2 million. </li>
<li>Newegg Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) shares moved upwards by 3.0% to $1.03. The market value of their outstanding shares is at $391.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>ThredUp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>) stock declined by 19.4% to $1.9 during Monday's after-market session. The company's market cap stands at $204.0 million. As per the press release, Q4 earnings came out today. </li>
<li>Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) stock decreased by 14.33% to $2.81. The company's market cap stands at $331.2 million. As per the press release, Q2 earnings came out today. </li>
<li>BowFlex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFX#NYSE">BFX</a>) stock declined by 4.62% to $0.19. The company's market cap stands at $6.7 million. </li>
<li>BurgerFi International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFI#NASDAQ">BFI</a>) stock declined by 4.3% to $0.62. The market value of their outstanding shares is at $16.6 million. </li>
<li>Cato (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CATO#NYSE">CATO</a>) shares fell 3.94% to $6.34. The company's market cap stands at $130.5 million. </li>
<li>AMMO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWW#NASDAQ">POWW</a>) shares fell 3.45% to $2.35. The market value of their outstanding shares is at $278.4 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>EBET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBET#NASDAQ">EBET</a>) stock moved upwards by 16.5% to $0.08 during Thursday's regular session. EBET's stock is trading at a volume of 283.4 million shares as of 13:30 EST. This is 260.0% of its average full-day volume over the last 100 days. The company's market cap stands at $34.4 million. </li>
<li>RumbleON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBL#NASDAQ">RMBL</a>) shares moved upwards by 10.46% to $6.12. The current volume of 71.3K shares is 29.9% of RumbleON's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $102.3 million. </li>
<li>SRM Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRM#NASDAQ">SRM</a>) stock increased by 10.21% to $2.05. The current volume of 139.1K shares is 35.1% of SRM Entertainment's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $19.3 million. </li>
<li>Cato (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CATO#NYSE">CATO</a>) shares moved upwards by 9.64% to $8.07. As of 13:30 EST, this security is trading at a volume of 355.9K shares, making up 555.3% of its average full-day volume over the last 100 days. The company's market cap stands at $166.1 million. </li>
<li>Rave Restaurant Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAVE#NASDAQ">RAVE</a>) stock moved upwards by 8.97% to $1.81. As of 13:30 EST, this security is trading at a volume of 85.4K shares, making up 155.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $25.6 million. As per the press release, Q4 earnings came out today. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) stock rose 7.98% to $2.3. Trading volume for this security as of 13:30 EST is 100.0K, which is 25.1% of its average full-day volume over the last 100 days. The company's market cap stands at $369.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>QuantaSing Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSG#NASDAQ">QSG</a>) shares fell 29.7% to $2.39 during Thursday's regular session. Trading volume for this security as of 13:30 EST is 222.5K, which is 1373.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $131.9 million. As per the press release, Q4 earnings came out 4 days ago. </li>
<li>Cazoo Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZOO#NYSE">CZOO</a>) stock decreased by 25.33% to $0.59. Trading volume for Cazoo Gr's stock is 1.1 million as of 13:30 EST. This is 653.2% of its average full-day volume over the last 100 days. The company's market cap stands at $22.8 million. </li>
<li>Mondee Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOND#NASDAQ">MOND</a>) stock decreased by 20.99% to $3.97. Mondee Hldgs's stock is trading at a volume of 595.0K shares as of 13:30 EST. This is 194.5% of its average full-day volume over the last 100 days. The company's market cap stands at $340.1 million. </li>
<li>AYRO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AYRO#NASDAQ">AYRO</a>) shares fell 16.51% to $2.53. As of 13:30 EST, AYRO's stock is trading at a volume of 58.5K, which is 234.4% of its average full-day volume over the last 100 days. The company's market cap stands at $11.9 million. </li>
<li>WW International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WW#NASDAQ">WW</a>) stock decreased by 13.72% to $9.9. Trading volume for WW International's stock is 5.4 million as of 13:30 EST. This is 136.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $782.1 million. </li>
<li>PARTS iD (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ID#AMEX">ID</a>) stock fell 11.87% to $0.26. PARTS iD's stock is trading at a volume of 299.9K shares as of 13:30 EST. This is 140.2% of its average full-day volume over the last 100 days. The company's market cap stands at $9.1 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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RMBL

Cato Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CATO#NYSE">CATO</a>) will pay the dividend to&nbsp;shareholders of record on&nbsp;September 11, 2023.&nbsp;

Dividends

Cato Corporation Declares A Regular Quarterly Dividend of $0.17 Per Share, Payable On September 25, 2023

Cato Says Planning Cautiously For 2023, In An Effort To Remain Nimble In This Challenging Economic Environment

Cato (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CATO#NYSE">CATO</a>) reported quarterly losses of $(0.14) per share. This is a 53.33 percent increase over losses of $(0.30) per share from the same period last year. The company reported $179.05 million in sales this quarter. This is a 1.60 percent increase over sales of $176.23 million the same period last year.

Cato Q4 EPS $(0.14) Up From $(0.30) YoY, Sales $179.05M Up From $176.23M YoY

Friday marks the last chance for investors to receive the next dividend payout from Cato (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CATO#NYSE">CATO</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a quarterly dividend of 17 cents per share. On Monday, Cato will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 17 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own CATO as of the end of Friday's session are eligible to receive the 17 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on April 03, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Friday Is Your Last Chance To Buy Cato Before The Dividend Payout

Prior to this authorization, the Company had approximately 135,000 shares remaining in open authorizations.&nbsp;

Buybacks

Cato Board Authorizes 1M Share Increase In Share Repurchase Program

Agiliti Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agti#NYSE">AGTI</a>) shares are trading higher by 14.01% to $19.69 Monday afternoon after it was announced on Friday the company will join the S&amp;P SmallCap 600.
What Else?
Per&nbsp;S&amp;P Dow Jones Indices, Agiliti,&nbsp;SJW Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sjw#NYSE">SJW</a>) and Cushman &amp; Wakefield plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwk#NYSE">CWK</a>)&nbsp;will replace LL Flooring Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ll#NYSE">LL</a>), The Cato Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cato#NYSE">CATO</a>)&nbsp;and Diebold Nixdorf Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dbd#NYSE">DBD</a>)&nbsp;respectively in the S&amp;P SmallCap 600.
S&amp;P Dow Jones Indices says the changes are being made to ensure each index is more representative of its market capitalization range. All companies moving to the S&amp;P MidCap 400 are more representative of the mid-cap market space, and all companies moving to the S&amp;P SmallCap 600 are more representative of the small-cap market space. The companies being discretionarily removed from the S&amp;P SmallCap 600 are no longer representative of the small-cap market space.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/22/12/29959973/why-science-applications-international-shares-hit-a-new-52-week-high-today" title="Why Science Applications International Shares Hit A New 52-Week High Today">Why Science Applications International Shares Hit A New 52-Week High Today</a>
According to data from <a href="https://benzinga.grsm.io/movers399">Benzinga Pro</a>, AGTI has a 52-week high of $23.65 and a 52-week low of $14.15.

The market has been down on Cato Corp (CATO)  stock recently. CATO gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. Cato Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CATO!See Full CATO ReportWhat is Stock Sentiment?Sentiment is a very short

Do Traders Think Cato Corp (CATO) Can Turn Around Tuesday?

REAL and PNST among Consumer Discretionary movers

Cato GAAP EPS of $0.54, revenue of $177.09M

NIO and WOOF among Consumer Discretionary movers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Cato (NYSE:<a href="https://investorplace.com/stock-quotes/cato-stock-quote/">CATO</a>) just reported results for the first quarter of 2024.<ul><li>Cato reported earnings per share of 54 cents.</li><li>The company reported revenue of $177.10 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/cato-stock-earnings-cato-for-q1-of-2024/">CATO Stock Earnings: Cato Reported Results for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

CATO Stock Earnings: Cato Reported Results for Q1 2024

Cato declares $0.17 dividend

Russell 3000 rejig: Consumer discretionary stocks GOEV, GCT among added; LOGC, VUZI out

Don't Get Fooled By Cato's Dividend

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
There are many <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a> that make for great long-term investments, but conversely, there are many dividend stocks to sell before they wreak havoc on your portfolio.



The prospect of steady, cash-based returns is one of the main areas of appeal with dividend stocks, particularly high-yield dividend stocks. However, these payouts can be outweighed by the poor performance of the underlying stock.



Poor fiscal performance and/or insurmountable headwinds can lead to price declines for shares, which even when coupled with the payouts, can result in lackluster or worse, negative, returns. Not only that, keep in mind that dividend payouts are not set in stone.



They can be subject to change. Low-quality high-yield dividend stocks are typically at greater risk of dividend reductions or suspensions. The announcement of a dividend cut or suspension can lead to tremendous price declines. With these risks in mind, it&rsquo;s clear why you should exit any positions in the following seven dividend stocks to sell.



<h2>B&amp;G Foods (BGS)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2019/07/greengiantmsn-300x165.jpg" alt=""><div>Source: <a href="http://www.growersexpress.com/voluntaryrecall/">Growers Express</a></div></div>B&amp;G Foods (NYSE:<a href="https://investorplace.com/stock-quotes/bgs-stock-quote/">BGS</a>) makes and sells a variety of branded baking and food products. Famous brands in its portfolio include Cream of Wheat, Crisco, Green Giant and Ortega. Among investors, BGS may be best known for its high dividend.



At current prices, BGS stock has a forward dividend yield of 9.05%. However, B&amp;G Foods has a history of dividend cuts. In late 2022, the company slashed its quarterly payout by 60.4%, from 48 cents to <a href="https://seekingalpha.com/news/3904905-b-and-g-foods-inc-declares-c-0_19-dividend?source=content_type%3Areact%7Csection%3Asummary%7Csection_asset%3Anews_news%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A34">19 cents per share</a>. If that&rsquo;s not bad enough, this stock has also experienced a sharp price decline, even after the announcement of this dividend reduction. During this time frame, BGS has fallen by around 40%, from $14 to around $8.40 per share. 



High debt and inflationary pressures keep weighing on B&amp;G&rsquo;s fiscal performance. With a payout ratio of around 84.5%, even the current dividend rate may not be sustainable. Although <a href="https://www.fooddive.com/news/bg-foods-sale-green-giant-frozen-canned-vegetable-businesses/715605/">plans to sell its frozen vegetable business</a> could help reduce debt and provide capital for new acquisitions, helping to secure the dividend, err on the side of caution. Sell BGS, before another dividend cut or dismal quarterly earnings release sinks it further.



<h2>Cato (CATO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/cato-stock-300x169.jpg" alt="Cato storefront and logo"><div>Source: Nolichuckyjake / Shutterstock.com</div></div>Right off the bat, you can tell that plenty of investors have already declared that Cato (NYSE:<a href="https://investorplace.com/stock-quotes/cato-stock-quote/">CATO</a>) is one of the dividend stocks to sell. Shares in the specialty apparel retailer currently sports a forward dividend yield of 12.45%. Make no mistake, this isn&rsquo;t a bargain opportunity among dividend stocks.



Rather, it&rsquo;s a sign that a dividend cut for CATO stock is likely forthcoming. As Seeking Alpha commentator Caffital Research argued earlier this month, the company is currently <a href="https://seekingalpha.com/article/4698294-cato-stock-dont-get-fooled-by-its-dividend?source=content_type%3Areact%7Csection%3Asummary%7Csection_asset%3Aall_analysis%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1">funding its dividend from cash on its balance sheet</a>, not from cash flow. While Cato did report positive earnings last quarter, if results fail to improve further, and its cash position runs low, Cato will likely cut or suspend this rich payout.



Although CATO trades at a 46.5% discount to its tangible book value, don&rsquo;t view this as a margin of safety. In the event that the company decides to cut or suspend its high payout, investors could exit positions in droves, leading to a tremendous price decline. Put simply, steer clear of this value trap. Sell existing positions, and make sure not to enter a new one.



<h2>NextEra Energy Partners (NEP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/ai-green-energy1600-300x169.png" alt="Environmental conservation technology and approaching global sustainable ESG by clean energy and power from renewable natural resources. AI and green energy."><div>Source: Blue Planet Studio / Shutterstock.com</div></div>NextEra Energy Partners (NYSE:<a href="https://investorplace.com/stock-quotes/nep-stock-quote/">NEP</a>) is a master limited partnership (<a href="https://investorplace.com/stock-quotes/mlp-stock-quote/">MLP</a>) that owns renewable electricity generation assets. Given recent clean energy and energy usage trends, one may think that NEP is a high-yield stock with growth potential.



Unfortunately, much suggests this is not the case. Although true that NEP stock currently makes large distributions to its unitholders, NextEra doesn&rsquo;t necessarily have strong growth prospects. As I recently argued, when discussing <a href="https://investorplace.com/industries/energy/utility/">utility stocks</a> to sell, I pointed out how analysts and investors have become increasingly concerned about whether NEP <a href="https://investorplace.com/2024/06/3-sorry-utilities-stocks-to-sell-now-while-you-still-can-summer-edition/">stands to benefit from the current industry tailwinds</a>.



Even worse, there are growing concerns about the sustainability of NEP&rsquo;s 12.77% distribution yield as well. Like with the other dividend stocks to avoid discussed above and below, as investors are largely in this stock for the yield. Any reduction of this yield will undoubtedly lead to big losses. Whether you&rsquo;ve held NEP for some time, or bought in after <a href="https://seekingalpha.com/news/4018696-nextera-sinks-below-50-for-first-time-since-march-2020-keybanc-downgrades?source=content_type%3Areact%7Csection%3Asummary%7Csection_asset%3Anews_news%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A34">its massive plunge last October</a>, ahead of the next big potential plunge, head for the exits.



<h2>Walgreens Boots Alliance (WBA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/wba-stock-300x169.jpg" alt="Walgreens (WBA) store exterior and sign in Pompano Beach, Florida"><div>Source: saaton / Shutterstock.com</div></div>Walgreens Boots Alliance (NASDAQ:<a href="https://investorplace.com/stock-quotes/wba-stock-quote/">WBA</a>) shares have cratered in price since the peak of the Covid-19 pandemic in 2021. A variety of factors, including a worsening of its fiscal performance, <a href="https://apnews.com/article/walgreens-drugstore-dividend-cut-2263d6ea2b8bf944e7bd5729d66fe458">a dividend cut</a>, and its <a href="https://www.reuters.com/business/healthcare-pharmaceuticals/walgreens-shares-fall-after-losing-spot-blue-chip-dow-index-2024-02-21/">removal from the Dow Jones Industrial Average</a> have knocked this pharmacy stock down to multi-decade lows. Nevertheless, I wouldn&rsquo;t jump to the conclusion that things can only get better from here. 



Although a Walgreens turnaround is in motion, <a href="https://www.fiercehealthcare.com/retail/walgreens-plans-strategic-review-business-including-role-its-retail-stores-healthcare-assets">it may take years</a> for the company to regain its financial health. Moreover, it&rsquo;s not a lock that WBA stock will hold steady, allowing contrarian investors to collect its 6.43% dividend while they wait for the comeback. While reduced, WBA&rsquo;s dividend still represents around 47.9% of the company&rsquo;s annual earnings. This may be cutting it thin, given Walgreens&rsquo; need to reduce debt and finance its restructuring. 



Right now, there&rsquo;s renewed expectation that Walgreen is <a href="https://www.investopedia.com/walgreens-stock-jumps-on-report-it-s-looking-to-boot-boots-8647579">going to sell its U.K.-based Boots division</a>, enabling it to bolster dividend sustainability. However, if this latest effort to sell Boots fails like the first attempt in 2022, concerns about a dividend cut could return. At risk of another sell-off, WBA remains one of the dividend stocks to sell.



<h2>Wendy&rsquo;s (WEN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/wendys-1600-300x169.jpg" alt="A photo of a Wendy's chicken sandwich and chicken nuggets."><div>Source: Deutschlandreform / Shutterstock.com</div></div>Wendy&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/wen-stock-quote/">WEN</a>) doesn&rsquo;t have the &ldquo;dividend aristocrat&rdquo; respectability of its larger rival McDonald&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/mcd-stock-quote/">MCD</a>), but it does beat out shares in the &ldquo;Golden Arches&rdquo; when it comes to yield.



WEN stock is a high-yielder, with a forward dividend yield of 6%. MCD stock has a forward dividend yield of only 2.63%. However, even as MCD has been struggling lately, calling into question any argument that poor price performance makes it a better burger stock to buy, it&rsquo;s not as if WEN has been a stellar performer during this same time frame. Just like with Mickey D&rsquo;s, Wendy&rsquo;s is also facing growth challenges, as rising prices have turned customers away from fast food.



With <a href="https://www.barrons.com/articles/fast-food-fight-intensifies-consumers-dont-expect-prices-to-drop-2f023285?mod=md_stockoverview_news">a &ldquo;fast food fight&rdquo; on price emerging</a>, investors are now concerned that even as sales stabilize, lower margins and profitability are now on the menu. As WEN&rsquo;s payout ratio now stands at a staggering 101%, barring a rapid rebound in profitability, a dividend cut may be imminent. Even if the payout rate stays as-is, stagnation could still lead to more share price declines. While cheaper than MCD, at 16.7 times forward earnings, other struggling <a href="https://investorplace.com/industries/consumer-discretionary/retail/restaurant/">restaurant stocks</a> trade at far lower valuations.



<h2>Whirlpool (WHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/whr-stock-300x169.jpg" alt="The Whirlpool (WHR) logo on a corporate building. Whirlpool layoffs."><div>Source: Grand Warszawski / Shutterstock.com</div></div>Whirlpool (NYSE:<a href="https://investorplace.com/stock-quotes/whr-stock-quote/">WHR</a>) is another situation among high-yield dividend stocks where it&rsquo;s still questionable whether the dust has truly settled. Yes, after several years of declining revenue and profitability, sell-side forecasts call for the appliance maker&rsquo;s earnings to start bouncing back after this year.



However, this bull case may hinge too highly on a sudden rebound in the U.S. residential real estate market. As InvestorPlace&rsquo;s Larry Ramer recently discussed, Wall Street remains very bearish on WHR stock,<a href="https://investorplace.com/2024/06/3-stocks-to-sell-or-short-before-the-housing-market-cracks/"> due to the continued challenges in the housing market</a>. The Federal Reserve&rsquo;s continued &ldquo;higher for longer&rdquo; stance on interest rates calls into question whether improved demand for housing, and hence, household capital goods like appliances, is just around the corner.



If Whirlpool&rsquo;s profitability challenges continue, watch out. Even if Whirlpool&rsquo;s 7.71% dividend is sustainable, further earnings weakness could lead to further price declines that outweigh this rich payout. There has been speculation lately about Whirlpool <a href="https://seekingalpha.com/news/4115340-whirlpool-gains-amid-some-takeover-speculation?source=content_type%3Areact%7Csection%3Asummary%7Csection_asset%3Aall_news%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1">being a takeover target</a>, but until this starts to move beyond the rumor stage, consider it best to keep playing it safe. Stick to stronger dividend value plays, and steer clear of WHR.



<h2>Xerox Holdings (XRX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/xrx_xerox_1600-300x169.png" alt="A photo of the Xerox logo on a storefront."><div>Source: Jonathan Weiss/ShutterStock.com</div></div>This isn&rsquo;t the first time I&rsquo;ve called Xerox Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/xrx-stock-quote/">XRX</a>) one of the dividend stocks to sell. Last November, I cited the prospect of continued price declines, and the questionability of its turnaround plans, as factors that made it a <a href="https://investorplace.com/2023/11/7-doomed-dividend-stocks-to-sell-in-december/">&ldquo;doomed dividend stock.&rdquo;</a>



Flash forward to now. XRX stock has surged and sank, yet remains near where it was when I last laid out the bear case. Still, shares still give off serious &ldquo;dividend trap&rdquo; vibes. While another serious price decline still hasn&rsquo;t taken shape, don&rsquo;t rule it out. XRX&rsquo;s payout ratio currently stands at nearly 72%. To a greater extent than before, Xerox may not be able to sustain its 25 cent per share quarterly dividend.



Again, like with other &ldquo;dividend traps,&rdquo; chances are the announcement of a dividend cut would likely lead to a severe reversal in price for XRX. Even before the company possibly decides to trim its dividend, concerns about a cut could re-emerge. Per InvestorPlace Earnings, <a href="https://investorplace.com/earning-results/2024/04/xrx-stock-earnings-xerox-holdings-for-q1-of-2024/">XRX missed on earnings last quarter</a>. If that happens again, when Xerox releases Q2 results next month, this may elicit a strongly negative response from the market.



On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/7-dividend-stocks-to-sell-in-june-before-they-crash-and-burn/">7 Dividend Stocks to Sell in June Before They Crash &amp; Burn</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Dividend Stocks to Sell in June Before They Crash & Burn

The retail industry has been able to keep up with changing consumer patterns and rising technological advancements. Driven by rising consumer disposable income, the industry is expected to thrive in the near term. Therefore, investors could consider adding quality retail stocks Casey's General Stores (CASY), Upbound Group (UPBD), and Cato Corporation (CATO) to their watchlist for high growth this year. Read on… The retail industry has tremendous growth potential as retailers continue to innovate and adapt to changing consumer habits. By staying ahead of trends, embracing technology, and prioritizing sustainability, retailers can position themselves for long-term success in the evolving retail landscape.
Amid this backdrop, investors could consider adding fundamentally strong retail stocks such as Casey's General Stores, Inc. (<a href="https://stocknews.com/stock/CASY/">CASY</a>), Upbound Group, Inc. (<a href="https://stocknews.com/stock/UPBD/">UPBD</a>), and The Cato Corporation (<a href="https://stocknews.com/stock/CATO/">CATO</a>) to their watchlist for high growth this year.
The retail industry has shown high growth potential in recent years as consumer habits continue to evolve in response to technological advancements and changing preferences. With the rise of e-commerce and the increasing popularity of online shopping, traditional retailers have adapted to meet their customers' demands.
The shift toward omnichannel retailing, where consumers expect a seamless shopping experience across multiple online, mobile, and in-store platforms, has encouraged retailers to invest in technology and innovation to enhance their digital capabilities and provide personalized, convenient shopping experiences. For instance, the global food and grocery retail market is projected to reach $14.78 trillion by 2030, <a href="https://www.grandviewresearch.com/industry-analysis/food-grocery-retail-market">growing at a 3.2% CAGR</a>.
Furthermore, the accelerated adoption of online shopping and contactless payment options has prompted retailers to rethink their business strategies and rapidly embrace digital transformation.
Many retailers have shifted their focus to e-commerce and invested in improving their online platforms to meet the surge in online shopping demand. The increasing consumer demand and rising disposable income have led the global specialty retailers market to reach $42.70 billion by 2031, <a href="https://growthmarketreports.com/report/specialty-retailers-market-global-industry-analysis">exhibiting a 4% CAGR</a>. 
Considering these conducive trends, let's examine the fundamentals of the three retail stock picks.
Casey's General Stores, Inc. (<a href="https://stocknews.com/stock/CASY/">CASY</a>)
CASY operates convenience stores under the names Casey's and Casey's General Store. Its stores offer pizza, donuts, breakfast items, sandwiches, and tobacco and nicotine products. 
On May 15, 2024, CASY launched a new BBQ Pulled Pork Pizza with slow-smoked pulled pork for summer. The pizza starts with CASY's made-from-scratch dough and is then topped with Sweet Baby Ray's barbecue sauce, real mozzarella, slow-smoked pulled pork, bacon, cheddar cheese, red onion, and thick-cut pickles. This launch might bode well for the company.
Over the past three and five years, CASY's revenue grew at CAGRs of 19.5% and 12.2%, respectively. Its net income grew at a CAGR of 17.1% over the past three years.
CASY's total revenue for the fiscal fourth quarter that ended April 30, 2024, increased 8.2% year-over-year to $3.60 billion. Its <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> stood at $224.55 million, up 34.5% from the prior-year quarter. In addition, its net income rose 55.1% from the year-ago quarter to $87.02 million. Also, its net income per common share grew 57% year-over-year to $2.34.
Analysts expect CASY's revenue and EPS for the quarter ending July 31, 2024, to increase 7.2% and 1.5% year-over-year to $4.15 billion and $4.59, respectively. The company surpassed Street EPS estimates in each of the trailing four quarters, which is impressive. Over the past year, the stock has gained 68.1%, closing the last trading session at $382.87.
CASY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this positive outlook. It has an overall rating of B, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
CASY has an A grade for Sentiment and a B for Growth and Quality. It is ranked #10 out of 36 stocks in the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry. <a href="https://stocknews.com/stock/CASY/">Click here</a> to see CASY's Value, Momentum, and Stability ratings.
Upbound Group, Inc. (<a href="https://stocknews.com/stock/UPBD/">UPBD</a>)
UPBD leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center; Acima; Mexico; and Franchising. 
On June 18, 2024, UPBD's Acima Leasing announced its newest partnership with the "Top 30" furniture retailer, Slumberland Furniture. This agreement will make Acima Leasing available at Slumberland corporate stores in Iowa, Illinois, Kansas, South Dakota, and Nebraska. Acima Leasing will also be the preferred LTO provider for Slumberland's franchise locations.
On June 6, 2024, UPBD announced the opening of a new Rent-A-Center store in Dania Beach, Florida. The store offers a flexible lease-to-own option for high-quality furniture, appliances, electronics, computers, and a wide range of other durable goods.
Over the past three and five years, UPBD's revenue grew at CAGRs of 9% and 8.9%, respectively. Its EBITDA grew at a CAGR of 1.5% over the past three years.
For the first quarter that ended March 31, 2024, UPBD's total revenues and gross profit stood at $1.10 billion and $529.07 million, up 7.9% and 4.5% year-over-year, respectively. For the same quarter, its non-GAAP net earnings and earnings per share came to $43.94 million and $0.79, respectively.
Street expects UPBD's EPS for the quarter ending September 30, 2024, to increase 20.4% year-over-year to $0.95. Its revenue for the quarter ending June 30, 2024, is expected to rise 5.8% year-over-year to $1.04 billion. The company surpassed consensus EPS and revenue estimates in each of the trailing four quarters. UPBD has gained 2.4% over the past nine months, closing the last trading session at $30.13.
UPBD's strong fundamentals are reflected in its POWR Ratings. Its overall rating is B, equating to Buy in our proprietary rating system.
It has a B grade for Growth and Quality. It is ranked #4 out of 42 stocks in the <a href="https://stocknews.com/category/specialty-retailers/">Specialty Retailers</a> industry. Get UPBD's Value, Momentum, Stability, and Sentiment ratings <a href="https://stocknews.com/stock/UPBD/">here</a>.
The Cato Corporation (<a href="https://stocknews.com/stock/CATO/">CATO</a>)
CATO is a specialty retailer of fashion apparel and accessories, primarily in the southeastern United States. It operates through two segments: Retail and Credit.
In May, CATO declared a regular quarterly dividend of $0.17 per share, which was payable to shareholders on June 24, 2024. This cumulates to $0.68 on an annualized basis, representing an annualized yield of 11.7%.
Over the past three years, CATO's revenue grew marginally. CATO's total revenues for the fiscal first quarter that ended May 4, 2024, amounted to $177.10 million. Its gross margin came to $62.77 million. The company's net income stood at $10.97 million and $0.54 per share, up 147.8% and 145.5% from the year-ago quarter.
The stock has declined 2.2% over the past month to close the last trading session at $5.89.
CATO's POWR Ratings reflect its robust prospects. It has an overall B rating, equating to Buy in our proprietary rating system.
CATO has a B grade for Growth and Value. Within the Specialty Retailers industry, it is ranked #10. <a href="https://stocknews.com/stock/CATO/">Click here</a> for the additional POWR Ratings of CATO (Momentum, Stability, Sentiment, and Quality).
What To Do Next?
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CASY shares were trading at $378.66 per share on Friday afternoon, down $4.21 (-1.10%). Year-to-date, CASY has gained 38.22%, versus a 15.34% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Neha Panjwani</h2> <img src='https:/wp-content/uploads/2024/01/Neha-Panjwani_Headshot-1.jpeg' style="float:left; padding:5px;width:125px;">From her school days, Neha harbored a profound fascination for finance, a passion that steered her toward a career as an investment analyst following the completion of her bachelor's degree in commerce. Currently enrolled in the CFA program, Neha is dedicated to further enriching her comprehension of investment fundamentals.

Neha's primary objective is to aid retail investors in discerning optimal investment opportunities by diligently evaluating crucial aspects of financial instruments, with a primary focus on stocks and ETFs. Her commitment lies in empowering individuals to make informed and strategic investment decisions in the dynamic world of finance.<a href="https://stocknews.com/authors/?author=neha-panjwani">More...</a>The post <a href=https://stocknews.com/news/casy-upbd-cato-3-high-growth-retail-stocks-to-watch-this-year/>3 High-Growth Retail Stocks to Watch This Year</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Growth Retail Stocks to Watch This Year

APEI

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AUVI

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DESP

DLTH

FLXS

FLYX

GMGI

GORV

LCUT

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PLCE

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REAL

RERE

RRGB

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TWOU

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Press Releases

CATO REPORTS 2Q RESULTS

THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND

CATO REPORTS 3Q RESULTS

CATO REPORTS 4Q AND FULL YEAR LOSS

CATO REPORTS 1Q EARNINGS

a.k.a. Brands Holding

Birks Group

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Genesco

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Lulus Fashion Lounge

MYT Netherlands Parent B.V. American Depositary Shares, each representing one Ordinary Share

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Cato

Cato (CATO) Forecast

Cato (NYSE:CATO) Stock, Quote.Headers.trade-ideas