State Street Corp boosted its position in shares of Cato Corporation (The) (NYSE:CATO) by 11.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 880,952 shares of the specialty retailer’s stock after acquiring an additional 89,475 shares during the quarter. State Street Corp owned 3.49% of Cato Corporation (The) worth $15,494,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan boosted its holdings in Cato Corporation (The) by 21.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,010 shares of the specialty retailer’s stock valued at $176,000 after acquiring an additional 1,770 shares during the period. Teachers Advisors LLC boosted its holdings in Cato Corporation (The) by 4.7% during the 2nd quarter. Teachers Advisors LLC now owns 44,876 shares of the specialty retailer’s stock valued at $789,000 after acquiring an additional 2,006 shares during the period. AMG National Trust Bank raised its position in Cato Corporation (The) by 7.4% in the 2nd quarter. AMG National Trust Bank now owns 38,676 shares of the specialty retailer’s stock valued at $681,000 after purchasing an additional 2,674 shares in the last quarter. Nationwide Fund Advisors raised its position in Cato Corporation (The) by 20.1% in the 2nd quarter. Nationwide Fund Advisors now owns 21,618 shares of the specialty retailer’s stock valued at $380,000 after purchasing an additional 3,616 shares in the last quarter. Finally, Airain ltd raised its position in Cato Corporation (The) by 15.3% in the 2nd quarter. Airain ltd now owns 31,598 shares of the specialty retailer’s stock valued at $556,000 after purchasing an additional 4,199 shares in the last quarter. Institutional investors own 77.65% of the company’s stock.

A number of equities research analysts have issued reports on CATO shares. TheStreet lowered Cato Corporation (The) from a “c” rating to a “d+” rating in a research report on Thursday, August 17th. BidaskClub raised Cato Corporation (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th.

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Shares of Cato Corporation (NYSE CATO) opened at $16.06 on Wednesday. The stock has a market capitalization of $423.29, a PE ratio of 36.98 and a beta of 1.12. Cato Corporation has a 12-month low of $12.20 and a 12-month high of $32.99.

Cato Corporation (The) (NYSE:CATO) last posted its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Cato Corporation (The) had a return on equity of 3.04% and a net margin of 1.31%. The company had revenue of $190.30 million for the quarter, compared to analyst estimates of $188.00 million. During the same quarter last year, the company earned $0.30 EPS. Cato Corporation (The)’s revenue for the quarter was down 9.1% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 8.22%. The ex-dividend date of this dividend is Friday, December 8th. Cato Corporation (The)’s dividend payout ratio (DPR) is presently 293.33%.

Cato Corporation (The) 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).

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

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