6,447 Shares in The Cato Co. (NYSE:CATO) Purchased by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new stake in The Cato Co. (NYSE:CATO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,447 shares of the specialty retailer’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its stake in shares of Cato by 8.1% in the first quarter. Empowered Funds LLC now owns 39,666 shares of the specialty retailer’s stock valued at $229,000 after purchasing an additional 2,975 shares during the period. BNP Paribas Financial Markets increased its position in Cato by 64.6% in the 1st quarter. BNP Paribas Financial Markets now owns 7,995 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 3,139 shares during the period. Trexquant Investment LP raised its stake in Cato by 11.5% during the 4th quarter. Trexquant Investment LP now owns 62,732 shares of the specialty retailer’s stock valued at $448,000 after acquiring an additional 6,453 shares in the last quarter. Vanguard Group Inc. boosted its position in Cato by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 931,094 shares of the specialty retailer’s stock worth $5,372,000 after acquiring an additional 7,072 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Cato by 1.4% in the second quarter. Renaissance Technologies LLC now owns 580,202 shares of the specialty retailer’s stock worth $3,214,000 after purchasing an additional 8,000 shares in the last quarter. 61.10% of the stock is owned by institutional investors and hedge funds.

Cato Price Performance

Cato stock opened at $5.28 on Monday. The Cato Co. has a 12-month low of $4.27 and a 12-month high of $8.58. The stock has a market capitalization of $108.53 million, a PE ratio of -6.29 and a beta of 1.13. The firm has a 50 day simple moving average of $4.84 and a 200-day simple moving average of $5.23.

Cato (NYSE:CATO) last issued its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. Cato had a negative return on equity of 9.19% and a negative net margin of 2.71%. The firm had revenue of $168.63 million during the quarter.

Cato Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 12.88%. The ex-dividend date of this dividend is Monday, September 16th. Cato’s payout ratio is currently -80.95%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Cato from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd.

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, as well as men's wear, and lines for kids and infants.