Is Selling The Cato Corporation (CATO) Here a Winning Strategy?

February 10, 2018 - By Michael Collier

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.24, from 1.4 in 2017Q2. It dived, as 14 investors sold The Cato Corporation shares while 44 reduced holdings. 25 funds opened positions while 42 raised stakes. 19.76 million shares or 4.48% less from 20.68 million shares in 2017Q2 were reported.
Utd Automobile Association invested in 0.01% or 231,652 shares. First Interstate Natl Bank owns 0.01% invested in The Cato Corporation (NYSE:CATO) for 4,500 shares. Jacobs Levy Equity Mngmt holds 0.01% or 34,896 shares in its portfolio. Hsbc Hldgs Public Limited Co owns 0% invested in The Cato Corporation (NYSE:CATO) for 10,944 shares. California Pub Employees Retirement holds 0% or 154,050 shares. State Of Alaska Department Of Revenue stated it has 6,852 shares or 0% of all its holdings. Deutsche National Bank Ag accumulated 0% or 327,733 shares. Morgan Stanley accumulated 610,207 shares or 0% of the stock. Schroder Inv Mngmt Group holds 0.01% or 220,093 shares in its portfolio. Cubist Systematic Strategies Limited Liability invested 0.01% of its portfolio in The Cato Corporation (NYSE:CATO). Tiaa Cref Invest Management Ltd Liability Corporation has 0% invested in The Cato Corporation (NYSE:CATO). New York State Common Retirement Fund holds 26,300 shares. Dimensional Fund Advisors Lp invested 0.01% of its portfolio in The Cato Corporation (NYSE:CATO). Meeder Asset Mngmt stated it has 952 shares or 0% of all its holdings. Millennium Management Llc holds 0.01% in The Cato Corporation (NYSE:CATO) or 590,088 shares.

The stock of The Cato Corporation (NYSE:CATO) hit a new 52-week low and has $11.02 target or 3.00 % below today’s $11.36 share price. The 5 months bearish chart indicates high risk for the $274.94 million company. The 1-year low was reported on Feb, 10 by Barchart.com. If the $11.02 price target is reached, the company will be worth $8.25M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 2.90% or $0.32 during the last trading session, reaching $11.36. About 288,674 shares traded or 6.45% up from the average. The Cato Corporation (NYSE:CATO) has declined 41.89% since February 10, 2017 and is downtrending. It has underperformed by 58.59% the S&P500.

More notable recent The Cato Corporation (NYSE:CATO) news were published by: Seekingalpha.com which released: “Huge Inventory Levels At CATO: Earnings Outlook Appears Bleak” on June 05, 2017, also Charlotteobserver.com with their article: “‘All white men’: Charlotte women’s retailer criticized over board makeup” published on May 18, 2017, Seekingalpha.com published: “No, Cato Isn’t Cheap Enough” on March 20, 2017. More interesting news about The Cato Corporation (NYSE:CATO) were released by: Streetinsider.com and their article: “Cato Corp. (CATO) Jan. Comps Decline 6%, Updates Guidance” published on February 08, 2018 as well as Realmoney.Thestreet.com‘s news article titled: “Fashion Retailer Cato Corp. Isn’t Dressed for Success” with publication date: January 05, 2018.

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories in the southeastern United States. The company has market cap of $274.94 million. It operates through two divisions, Retail and Credit. It has a 26.54 P/E ratio. The companyÂ’s stores and e-commerce Website offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags for women.

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