Noteworthy Short Interest Filing: Time to Reconsider Cato Corporation (NYSE:CATO) After Less Short Sellers?

November 28, 2016 - By Richard Conner   ·   0 Comments

Noteworthy Short Interest Filing: Time to Reconsider Cato Corporation (NYSE:CATO) After Less Short Sellers?

The stock of Cato Corporation (NYSE:CATO) registered a decrease of 4.69% in short interest. CATO’s total short interest was 478,000 shares in November as published by FINRA. Its down 4.69% from 501,500 shares, reported previously. With 128,700 shares average volume, it will take short sellers 4 days to cover their CATO’s short positions. The short interest to Cato Corporation’s float is 2.11%. About 95,981 shares traded hands. Cato Corp (NYSE:CATO) has declined 17.02% since April 25, 2016 and is downtrending. It has underperformed by 23.03% the S&P500.

The Cato Corporation is a fashion specialty retailer. The company has a market cap of $813.59 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 11.81 P/E ratio. The Company’s stores offer an assortment of on-trend apparel and accessory items in primarily junior/missy, plus sizes, girls’ sizes 7 to 16, men’s and kids sizes with a focus on color, product coordination and selection.

Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.36, from 1.1 in 2016Q1. The ratio is positive, as 11 funds sold all Cato Corp shares owned while 49 reduced positions. 19 funds bought stakes while 47 increased positions. They now own 19.46 million shares or 10.98% less from 21.86 million shares in 2016Q1.
Prudential Financial reported 127,347 shares or 0.01% of all its holdings. Jpmorgan Chase And Com holds 424,439 shares or 0% of its portfolio. California Employees Retirement reported 115,300 shares or 0.01% of all its holdings. State Of Tennessee Treasury Department owns 20,585 shares or 0% of their US portfolio. Gotham Asset Mgmt Limited Liability Corp accumulated 22,603 shares or 0.01% of the stock. The California-based Clarivest Asset Mngmt Lc has invested 0.11% in Cato Corp (NYSE:CATO). Ubs Asset Mgmt Americas holds 11,599 shares or 0% of its portfolio. The Massachusetts-based Grantham Mayo Van Otterloo Ltd Liability has invested 0% in Cato Corp (NYSE:CATO). Paradigm Asset Mngmt Limited Liability Company holds 9,200 shares or 0% of its portfolio. Blackrock Invest Limited Liability accumulated 114,587 shares or 0.01% of the stock. Lucus Advsr Limited Liability Company, a New York-based fund reported 9,221 shares. Sei reported 8 shares or 0% of all its holdings. Moreover, New York State Teachers Retirement System has 0.01% invested in Cato Corp (NYSE:CATO) for 81,306 shares. The New York-based Renaissance Technologies Ltd Liability has invested 0.01% in Cato Corp (NYSE:CATO). Walleye Trading Limited Liability Company accumulated 2,700 shares or 0% of the stock.

CATO Company Profile

The Cato Corporation, incorporated on March 28, 1946, 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’s stores offer an assortment of on-trend apparel and accessory items in primarily junior/missy, plus sizes, girls’ sizes 7 to 16, men’s and kids sizes with a focus on color, product coordination and selection. The Firm operates through two divisions: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment). The Company’s apparel specialty stores operate under the names Cato, Cato Fashions, Cato Plus, It’s Fashion, It’s Fashion Metro and Versona, including e-commerce Websites. The Company’s stores are located primarily in strip shopping centers principally in the southeastern United States. The Firm operates its women’s fashion specialty retail stores in over 30 states. The Firm offers its own credit card to its clients and all credit authorizations, payment processing, and collection efforts are performed by a separate subsidiary of the Company.

More notable recent Cato Corp (NYSE:CATO) news were published by: Charlotteobserver.com which released: “UNCC gets $5 million donation from Charlotte-based Cato Corp” on November 11, 2016, also Bizjournals.com with their article: “Lincoln Harris and Cato Corp. partnering on huge mixed-use project in Fort Mill” published on November 06, 2015, Zacks.com published: “Cato Corp Repeats Dismal Trend, September Comps Fall 8%” on October 10, 2016. More interesting news about Cato Corp (NYSE:CATO) were released by: Streetinsider.com and their article: “Cato Corp. (CATO) Declares $0.33 Quarterly Dividend; Increases Stock Buyback …” published on November 18, 2016 as well as Bizjournals.com‘s news article titled: “Cato buys former Bobcats’ training facility for mixed-use project in Fort Mill” with publication date: September 09, 2015.

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By Richard Conner


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