The Cato Co. (NYSE:CATO – Get Rating) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,340,000 shares, a growth of 6.3% from the August 15th total of 1,260,000 shares. Approximately 7.7% of the company's stock are short sold. Based on an average daily volume of 120,500 shares, the days-to-cover ratio is currently 11.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its stake in Cato by 3.6% in the 2nd quarter. Exchange Traded Concepts LLC now owns 47,043 shares of the specialty retailer's stock valued at $546,000 after purchasing an additional 1,650 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Cato by 11.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,419 shares of the specialty retailer's stock valued at $241,000 after purchasing an additional 1,658 shares during the period. Thrivent Financial for Lutherans grew its stake in Cato by 11.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 17,203 shares of the specialty retailer's stock valued at $200,000 after purchasing an additional 1,699 shares during the period. Koshinski Asset Management Inc. bought a new position in Cato in the 1st quarter valued at $26,000. Finally, Royce & Associates LP grew its stake in Cato by 8.5% in the 1st quarter. Royce & Associates LP now owns 33,138 shares of the specialty retailer's stock valued at $486,000 after purchasing an additional 2,604 shares during the period. Institutional investors own 70.73% of the company's stock.

Cato Trading Down 0.3 %

NYSE CATO opened at $9.40 on Thursday. The firm has a market capitalization of $199.10 million, a P/E ratio of 21.36 and a beta of 0.89. The business has a fifty day simple moving average of $11.48 and a 200 day simple moving average of $12.83. Cato has a 12 month low of $9.07 and a 12 month high of $19.89.

Cato Dividend Announcement

Wall Street Analysts Forecast Growth

CATO has been the topic of a number of research reports. TheStreet lowered Cato from a "b-" rating to a "c" rating in a research report on Thursday, August 18th. StockNews.com lowered Cato from a "buy" rating to a "hold" rating in a research report on Thursday, June 23rd.

Cato Company Profile

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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.

Further Reading

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