Russell Investments Group Ltd. grew its stake in shares of Cato Corp (NYSE:CATO) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,805 shares of the specialty retailer’s stock after acquiring an additional 8,080 shares during the period. Russell Investments Group Ltd. owned about 0.33% of Cato worth $1,729,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Advisors Preferred LLC raised its position in shares of Cato by 511.1% during the 2nd quarter. Advisors Preferred LLC now owns 4,956 shares of the specialty retailer’s stock worth $122,000 after purchasing an additional 4,145 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Cato during the 2nd quarter worth approximately $123,000. Point72 Hong Kong Ltd acquired a new position in shares of Cato during the 2nd quarter worth approximately $131,000. Piedmont Investment Advisors LLC acquired a new position in shares of Cato during the 2nd quarter worth approximately $132,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Cato during the 2nd quarter worth approximately $204,000. Institutional investors own 80.85% of the company’s stock.

Separately, ValuEngine downgraded Cato from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd.

CATO stock opened at $15.08 on Thursday. The company has a market capitalization of $372.05 million, a price-to-earnings ratio of 12.36 and a beta of 0.45. Cato Corp has a one year low of $10.76 and a one year high of $26.88.

Cato (NYSE:CATO) last released its earnings results on Tuesday, November 20th. The specialty retailer reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.09. The firm had revenue of $190.01 million during the quarter. Cato had a net margin of 2.14% and a return on equity of 9.20%.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 10th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $1.32 annualized dividend and a yield of 8.75%.

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About Cato

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce Websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags.

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Institutional Ownership by Quarter for Cato (NYSE:CATO)

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