How Analysts Feel About Cato Corporation (NYSE:CATO) After Decrease in Sellers?

September 17, 2017 - By Darrin Black

 How Analysts Feel About Cato Corporation (NYSE:CATO) After Decrease in Sellers?

Investors sentiment decreased to 1.11 in 2016 Q4. Its down 0.35, from 1.46 in 2016Q3. It worsened, as 15 investors sold Cato Corp shares while 47 reduced holdings. 26 funds opened positions while 43 raised stakes. 20.03 million shares or 2.38% less from 20.52 million shares in 2016Q3 were reported.
Carroll Fincl Assoc Inc invested in 775 shares or 0% of the stock. Utd Service Automobile Association reported 225,704 shares stake. State Board Of Administration Of Florida Retirement holds 0% or 15,975 shares. California Pub Employees Retirement Systems reported 113,200 shares stake. Bnp Paribas Arbitrage invested in 0% or 4,792 shares. Susquehanna International Gp Limited Liability Partnership has invested 0% of its portfolio in Cato Corp (NYSE:CATO). Envestnet Asset Mngmt Inc has invested 0% in Cato Corp (NYSE:CATO). Barrow Hanley Mewhinney And Strauss Ltd holds 25,645 shares or 0% of its portfolio. State Street Corporation holds 696,005 shares. 101,577 are held by Prudential Fincl Inc. 100 are held by Salem Counselors. Us National Bank De has invested 0% of its portfolio in Cato Corp (NYSE:CATO). Moreover, Federated Pa has 0% invested in Cato Corp (NYSE:CATO). Geode Capital Management Limited Liability Company reported 0% in Cato Corp (NYSE:CATO). Blackrock Fund Advsrs holds 2.04M shares or 0.01% of its portfolio.

Since March 17, 2017, it had 1 buy, and 0 selling transactions for $16,760 activity. 3,100 shares valued at $67,503 were bought by WEISIGER – JR EDWARD I on Friday, March 17. The insider PATRICK BAILEY W bought $16,760.

The stock of Cato Corporation (NYSE:CATO) registered a decrease of 9.21% in short interest. CATO’s total short interest was 2.22 million shares in September as published by FINRA. Its down 9.21% from 2.45M shares, reported previously. With 494,500 shares average volume, it will take short sellers 5 days to cover their CATO’s short positions. The short interest to Cato Corporation’s float is 9.47%.

The stock increased 0.97% or $0.13 on September 15, reaching $13.58. About 532,805 shares traded or 43.74% up from the average. Cato Corp (NYSE:CATO) has declined 41.89% since September 17, 2016 and is downtrending. It has underperformed by 58.59% the S&P500.

The Cato Corporation is a fashion specialty retailer. The company has market cap of $345.46 million. 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. It has a 20.91 P/E ratio. The Firm has two divisions: the operation of a fashion specialty stores segment and a credit card segment (Credit Segment).

More important recent Cato Corp (NYSE:CATO) news were published by: Seekingalpha.com which released: “Cato: Covering The Short, And Hoping For Another Shot” on August 28, 2017, also Streetinsider.com published article titled: “Cato Corp. (CATO) August Same-Store Sales Decline 10%”, Charlotteobserver.com published: “‘All white men’: Charlotte women’s retailer criticized over board makeup” on May 18, 2017. More interesting news about Cato Corp (NYSE:CATO) was released by: Nasdaq.com and their article: “Cato Corporation (CATO) Ex-Dividend Date Scheduled for September 08, 2017” with publication date: September 07, 2017.

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