Strs Ohio Lowers Stock Position in The Cato Co. (NYSE:CATO)

Strs Ohio lowered its position in shares of The Cato Co. (NYSE:CATOGet Rating) by 39.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,900 shares of the specialty retailer’s stock after selling 9,000 shares during the period. Strs Ohio’s holdings in Cato were worth $132,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CATO. Bank of New York Mellon Corp lifted its position in Cato by 4.3% during the first quarter. Bank of New York Mellon Corp now owns 377,029 shares of the specialty retailer’s stock valued at $5,528,000 after buying an additional 15,438 shares during the period. American Century Companies Inc. raised its position in shares of Cato by 43.4% in the 1st quarter. American Century Companies Inc. now owns 40,916 shares of the specialty retailer’s stock worth $600,000 after purchasing an additional 12,391 shares during the last quarter. Citigroup Inc. raised its position in shares of Cato by 18.4% in the 1st quarter. Citigroup Inc. now owns 17,134 shares of the specialty retailer’s stock worth $251,000 after purchasing an additional 2,662 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Cato by 52.0% in the 1st quarter. MetLife Investment Management LLC now owns 11,692 shares of the specialty retailer’s stock worth $171,000 after purchasing an additional 3,998 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Cato by 11.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,419 shares of the specialty retailer’s stock worth $241,000 after purchasing an additional 1,658 shares during the last quarter. Hedge funds and other institutional investors own 52.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TheStreet lowered Cato from a “c” rating to a “d+” rating in a research report on Thursday, November 17th. StockNews.com assumed coverage on Cato in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

Insider Buying and Selling

In other news, CEO John P. D. Cato purchased 3,000 shares of the business’s stock in a transaction on Friday, November 25th. The stock was acquired at an average cost of $10.38 per share, for a total transaction of $31,140.00. Following the purchase, the chief executive officer now directly owns 1,049,145 shares in the company, valued at approximately $10,890,125.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 15.03% of the stock is owned by corporate insiders.

Cato Stock Performance

NYSE CATO opened at $10.23 on Friday. The Cato Co. has a one year low of $8.40 and a one year high of $18.00. The stock has a 50-day moving average of $9.80 and a 200 day moving average of $10.66. The company has a market capitalization of $216.68 million, a price-to-earnings ratio of -63.94 and a beta of 0.92.

Cato (NYSE:CATOGet Rating) last released its quarterly earnings data on Thursday, November 17th. The specialty retailer reported ($0.21) EPS for the quarter. Cato had a negative return on equity of 1.40% and a negative net margin of 0.46%. The business had revenue of $176.63 million during the quarter.

Cato Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Friday, December 23rd were issued a $0.17 dividend. The ex-dividend date was Thursday, December 22nd. This represents a $0.68 annualized dividend and a yield of 6.65%. Cato’s payout ratio is -425.00%.

About Cato

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The Cato Corp. engages in the operation of apparel and accessories specialty stores. It operates through the following segments: Retail and Credit. The Retail segment includes the retailing of women’s apparel, shoes, and accessories. The Credit segment offers credit card and credit authorization services.

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Institutional Ownership by Quarter for Cato (NYSE:CATO)

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