Cato Corporation (The) (CATO) Shares Bought by AMG National Trust Bank

AMG National Trust Bank boosted its holdings in shares of Cato Corporation (The) (NYSE:CATO) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,676 shares of the specialty retailer’s stock after buying an additional 2,674 shares during the period. AMG National Trust Bank owned approximately 0.15% of Cato Corporation (The) worth $681,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CATO. Denver Investment Advisors LLC boosted its stake in Cato Corporation (The) by 50.3% during the second quarter. Denver Investment Advisors LLC now owns 700,099 shares of the specialty retailer’s stock valued at $12,315,000 after buying an additional 234,436 shares during the period. Marshall Wace North America L.P. bought a new stake in Cato Corporation (The) during the second quarter valued at $2,633,000. Russell Investments Group Ltd. boosted its stake in Cato Corporation (The) by 45.8% during the second quarter. Russell Investments Group Ltd. now owns 38,779 shares of the specialty retailer’s stock valued at $682,000 after buying an additional 12,179 shares during the period. Airain ltd boosted its stake in Cato Corporation (The) by 15.3% during the second quarter. Airain ltd now owns 31,598 shares of the specialty retailer’s stock valued at $556,000 after buying an additional 4,199 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Cato Corporation (The) by 21.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 10,010 shares of the specialty retailer’s stock valued at $176,000 after buying an additional 1,770 shares during the period. 88.41% of the stock is owned by institutional investors.

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Shares of Cato Corporation (NYSE:CATO) opened at 13.11 on Friday. Cato Corporation has a 1-year low of $12.20 and a 1-year high of $36.64. The company’s 50-day moving average price is $15.08 and its 200 day moving average price is $19.34. The company has a market cap of $325.52 million, a price-to-earnings ratio of 20.71 and a beta of 1.13.

Cato Corporation (The) (NYSE:CATO) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.14. Cato Corporation (The) had a return on equity of 4.37% and a net margin of 1.92%. The business had revenue of $207 million during the quarter, compared to analysts’ expectations of $209.50 million. During the same quarter in the previous year, the company posted $0.57 EPS. The company’s quarterly revenue was down 13.4% on a year-over-year basis. On average, analysts predict that Cato Corporation will post $0.85 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be paid a $0.33 dividend. The ex-dividend date is Friday, September 8th. This represents a $1.32 dividend on an annualized basis and a yield of 9.82%. Cato Corporation (The)’s payout ratio is presently 206.25%.

In other news, Director Daniel Harding Stowe acquired 2,500 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was purchased at an average price of $13.71 per share, for a total transaction of $34,275.00. Following the completion of the transaction, the director now directly owns 16,686 shares in the company, valued at approximately $228,765.06. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Edward I. Weisiger, Jr. acquired 3,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were purchased at an average price of $17.20 per share, with a total value of $51,600.00. Following the transaction, the director now owns 23,084 shares of the company’s stock, valued at $397,044.80. The disclosure for this purchase can be found here. Insiders acquired a total of 13,500 shares of company stock valued at $202,525 in the last quarter. 8.98% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on the company. BidaskClub raised Cato Corporation (The) from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. TheStreet lowered Cato Corporation (The) from a “c” rating to a “d+” rating in a research note on Thursday, August 17th. Finally, MKM Partners reissued a “neutral” rating and set a $20.00 price objective (down previously from $23.00) on shares of Cato Corporation (The) in a research note on Friday, June 9th.

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).

Want to see what other hedge funds are holding CATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cato Corporation (The) (NYSE:CATO).

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

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