Vanguard Group Inc. grew its stake in Cato Corp (NYSE:CATO) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,820,845 shares of the specialty retailer’s stock after buying an additional 61,154 shares during the period. Vanguard Group Inc. owned 7.38% of Cato worth $38,273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stone Ridge Asset Management LLC increased its stake in shares of Cato by 13.8% in the third quarter. Stone Ridge Asset Management LLC now owns 36,050 shares of the specialty retailer’s stock worth $758,000 after acquiring an additional 4,368 shares during the period. Legal & General Group Plc increased its stake in shares of Cato by 9.7% in the third quarter. Legal & General Group Plc now owns 49,383 shares of the specialty retailer’s stock worth $1,047,000 after acquiring an additional 4,383 shares during the period. Wells Fargo & Company MN increased its stake in shares of Cato by 12.3% in the third quarter. Wells Fargo & Company MN now owns 41,483 shares of the specialty retailer’s stock worth $872,000 after acquiring an additional 4,547 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Cato by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 617,118 shares of the specialty retailer’s stock worth $15,193,000 after acquiring an additional 5,249 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of Cato by 9.1% in the third quarter. GSA Capital Partners LLP now owns 65,827 shares of the specialty retailer’s stock worth $1,384,000 after acquiring an additional 5,492 shares during the period. 82.31% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine upgraded shares of Cato from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st.

CATO stock traded down $0.12 during midday trading on Monday, hitting $14.76. 282 shares of the stock traded hands, compared to its average volume of 201,006. The firm has a market cap of $366.15 million, a PE ratio of 12.20 and a beta of 0.39. Cato Corp has a 1-year low of $10.76 and a 1-year high of $26.88.

Cato (NYSE:CATO) last released its quarterly earnings results on Tuesday, November 20th. The specialty retailer reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.09. The company had revenue of $190.01 million for the quarter. Cato had a net margin of 2.14% and a return on equity of 9.20%.

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Cato Company Profile

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.

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Institutional Ownership by Quarter for Cato (NYSE:CATO)

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