Cato Corporation (The) (CATO) Position Boosted by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC increased its position in shares of Cato Corporation (The) (NYSE:CATO) by 13.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,168 shares of the specialty retailer’s stock after buying an additional 9,434 shares during the period. Parametric Portfolio Associates LLC owned 0.31% of Cato Corporation (The) worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CATO. Russell Investments Group Ltd. increased its holdings in Cato Corporation (The) by 45.8% during the second quarter. Russell Investments Group Ltd. now owns 38,779 shares of the specialty retailer’s stock worth $682,000 after buying an additional 12,179 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Cato Corporation (The) by 21.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 10,010 shares of the specialty retailer’s stock worth $176,000 after buying an additional 1,770 shares during the last quarter. Denver Investment Advisors LLC increased its holdings in Cato Corporation (The) by 50.3% during the second quarter. Denver Investment Advisors LLC now owns 700,099 shares of the specialty retailer’s stock worth $12,315,000 after buying an additional 234,436 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Cato Corporation (The) during the second quarter worth $2,633,000. Finally, Airain ltd boosted its position in Cato Corporation (The) by 15.3% during the second quarter. Airain ltd now owns 31,598 shares of the specialty retailer’s stock worth $556,000 after purchasing an additional 4,199 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.

Cato Corporation (NYSE CATO) opened at $13.15 on Wednesday. Cato Corporation has a 52-week low of $12.20 and a 52-week high of $36.01. The company has a market cap of $335.02, a price-to-earnings ratio of 20.58 and a beta of 1.12.

Cato Corporation (The) (NYSE:CATO) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.14). Cato Corporation (The) had a return on equity of 4.37% and a net margin of 1.92%. The company had revenue of $207.00 million for the quarter, compared to the consensus estimate of $209.50 million. During the same period last year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year.

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CATO has been the subject of a number of research analyst reports. BidaskClub raised shares of Cato Corporation (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. TheStreet cut shares of Cato Corporation (The) from a “c” rating to a “d+” rating in a research report on Thursday, August 17th.

In related news, Director Daniel Harding Stowe acquired 7,000 shares of Cato Corporation (The) stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average cost of $14.27 per share, with a total value of $99,890.00. Following the completion of the transaction, the director now directly owns 16,686 shares in the company, valued at approximately $238,109.22. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 9.58% of the company’s stock.

Cato Corporation (The) Company Profile

The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).

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Institutional Ownership by Quarter for Cato Corporation (The) (NYSE:CATO)

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