6 Meridian boosted its holdings in shares of Cato Corp (NYSE:CATO) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,110 shares of the specialty retailer’s stock after acquiring an additional 2,604 shares during the quarter. 6 Meridian owned 0.24% of Cato worth $1,011,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Cato in the 2nd quarter worth $3,666,000. Pinebridge Investments L.P. purchased a new stake in shares of Cato in the 2nd quarter worth $1,000,000. BlackRock Inc. lifted its holdings in shares of Cato by 2.2% in the 2nd quarter. BlackRock Inc. now owns 3,536,647 shares of the specialty retailer’s stock worth $43,571,000 after buying an additional 75,959 shares during the period. Man Group plc purchased a new stake in shares of Cato in the 2nd quarter worth $874,000. Finally, Invesco Ltd. lifted its holdings in shares of Cato by 23.9% in the 2nd quarter. Invesco Ltd. now owns 306,404 shares of the specialty retailer’s stock worth $3,775,000 after buying an additional 59,075 shares during the period. Institutional investors own 73.47% of the company’s stock.
Separately, ValuEngine upgraded Cato from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th.
Shares of CATO stock opened at $16.02 on Wednesday. Cato Corp has a twelve month low of $11.85 and a twelve month high of $19.73. The stock has a market capitalization of $395.97 million, a price-to-earnings ratio of 11.02 and a beta of 0.43. The stock has a fifty day simple moving average of $17.80 and a two-hundred day simple moving average of $16.39. The company has a current ratio of 2.00, a quick ratio of 1.39 and a debt-to-equity ratio of 0.33.
Cato (NYSE:CATO) last issued its earnings results on Thursday, November 21st. The specialty retailer reported $0.24 earnings per share for the quarter. Cato had a return on equity of 10.94% and a net margin of 4.34%. The business had revenue of $191.52 million during the quarter.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend was Friday, December 13th.
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, as well as men's wear, and lines for kids and infants.
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