Dimensional Fund Advisors LP Has $5.64 Million Stock Position in The Cato Co. (NYSE:CATO)

Dimensional Fund Advisors LP lessened its holdings in shares of The Cato Co. (NYSE:CATO) by 8.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,018,339 shares of the specialty retailer’s stock after selling 93,645 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.95% of Cato worth $5,642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CATO. Acuitas Investments LLC increased its holdings in shares of Cato by 18.8% during the 2nd quarter. Acuitas Investments LLC now owns 492,629 shares of the specialty retailer’s stock worth $2,729,000 after acquiring an additional 78,041 shares during the last quarter. Marquette Asset Management LLC lifted its stake in shares of Cato by 86.1% during the 1st quarter. Marquette Asset Management LLC now owns 76,345 shares of the specialty retailer’s stock worth $441,000 after buying an additional 35,313 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Cato during the 2nd quarter worth about $88,000. State Board of Administration of Florida Retirement System acquired a new position in Cato in the 1st quarter valued at about $67,000. Finally, Vanguard Group Inc. raised its holdings in Cato by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 931,094 shares of the specialty retailer’s stock valued at $5,372,000 after acquiring an additional 7,072 shares during the period. Institutional investors own 61.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Cato from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd.

Cato Stock Performance

Shares of Cato stock opened at $5.58 on Wednesday. The Cato Co. has a 52-week low of $4.27 and a 52-week high of $7.80. The stock has a market cap of $114.70 million, a PE ratio of -6.64 and a beta of 1.13. The firm has a 50-day moving average of $4.83 and a 200-day moving average of $5.18.

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

Cato Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.68 dividend on an annualized basis and a yield of 12.19%. Cato’s dividend payout ratio (DPR) is presently -80.95%.

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.