Bailey Patrick - Cato Independent Director
| CATO Stock | USD 4.96 1.12 18.42% |
Director
Mr. Bailey W. Patrick is an Independent Director of the Company. He was a director of the Company since May 2009. Since October 2010, Mr. Patrick was a Managing Partner of MPV Properties LLC, formerly Merrifield Patrick Vermillion, LLC, a privately held company specializing in real estate brokerage and development services since 2009.
| Age | 58 |
| Tenure | 15 years |
| Address | 8100 Denmark Road, Charlotte, NC, United States, 28273-5975 |
| Phone | 704 554 8510 |
| Web | https://www.catofashions.com |
Cato Management Efficiency
The company has return on total asset (ROA) of (0.0271) % which means that it has lost $0.0271 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0876) %, meaning that it created substantial loss on money invested by shareholders. Cato's management efficiency ratios could be used to measure how well Cato manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of November 2024, Return On Tangible Assets is likely to grow to 0.1. Also, Return On Capital Employed is likely to grow to 0.21. At this time, Cato's Fixed Asset Turnover is very stable compared to the past year. As of the 22nd of November 2024, Return On Assets is likely to grow to 0.1, while Total Assets are likely to drop about 413.9 M.Similar Executives
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Management Performance
| Return On Equity | -0.0876 | ||||
| Return On Asset | -0.0271 |
Cato Leadership Team
Elected by the shareholders, the Cato's board of directors comprises two types of representatives: Cato inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cato. The board's role is to monitor Cato's management team and ensure that shareholders' interests are well served. Cato's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cato's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Cato, Chairman of the Board, President, Chief Executive Officer | ||
| Shawn Smith, Sec | ||
| John Howe, Chief Financial Officer and Executive Vice President | ||
| Christin Reische, Assistant Secretary | ||
| Thomas Henson, Independent Director | ||
| Daniel Stowe, Independent Director | ||
| Pamela Davies, Independent Director | ||
| Bailey Patrick, Independent Director | ||
| Gordon Smith, Executive Vice President, Chief Real Estate and Store Development Officer | ||
| Woody Cozart, VP Division | ||
| J Fagan, VP Counsel | ||
| Jeffrey Shock, Senior Controller | ||
| Thomas Meckley, Independent Director | ||
| Stephen Headley, Senior Support | ||
| Stevens Staes, Secretary | ||
| Charles Knight, Chief Financial Officer, Executive Vice President | ||
| Theresa Drew, Independent Director | ||
| Bryan Kennedy, Lead Independent Director |
Cato Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Cato a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.0876 | ||||
| Return On Asset | -0.0271 | ||||
| Profit Margin | (0.03) % | ||||
| Operating Margin | (0.01) % | ||||
| Current Valuation | 145.88 M | ||||
| Shares Outstanding | 18.8 M | ||||
| Shares Owned By Insiders | 9.81 % | ||||
| Shares Owned By Institutions | 43.10 % | ||||
| Number Of Shares Shorted | 516.1 K | ||||
| Price To Earning | 24.87 X |
Pair Trading with Cato
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cato position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cato will appreciate offsetting losses from the drop in the long position's value.Moving together with Cato Stock
Moving against Cato Stock
| 0.74 | DIT | AMCON Distributing | PairCorr |
| 0.68 | ASO | Academy Sports Outdoors Earnings Call This Week | PairCorr |
| 0.66 | DKS | Dicks Sporting Goods | PairCorr |
| 0.64 | DBI | Designer Brands | PairCorr |
| 0.6 | BGI | Birks Group | PairCorr |
The ability to find closely correlated positions to Cato could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cato when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cato - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cato Corporation to buy it.
The correlation of Cato is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cato moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cato moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cato can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cato Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Specialty Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cato. If investors know Cato will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cato listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.90) | Dividend Share 0.68 | Earnings Share (0.89) | Revenue Per Share 35.031 | Quarterly Revenue Growth (0.08) |
The market value of Cato is measured differently than its book value, which is the value of Cato that is recorded on the company's balance sheet. Investors also form their own opinion of Cato's value that differs from its market value or its book value, called intrinsic value, which is Cato's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cato's market value can be influenced by many factors that don't directly affect Cato's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cato's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cato is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cato's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.