53,472 Shares in The Cato Co. (NYSE:CATO) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new stake in The Cato Co. (NYSE:CATO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 53,472 shares of the specialty retailer’s stock, valued at approximately $296,000. Cubist Systematic Strategies LLC owned 0.26% of Cato at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CATO. Point72 DIFC Ltd acquired a new stake in Cato in the second quarter worth about $36,000. BNP Paribas Financial Markets lifted its stake in shares of Cato by 64.6% in the 1st quarter. BNP Paribas Financial Markets now owns 7,995 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 3,139 shares during the period. State Board of Administration of Florida Retirement System bought a new position in shares of Cato in the first quarter valued at approximately $67,000. Assenagon Asset Management S.A. acquired a new position in shares of Cato during the second quarter valued at approximately $88,000. Finally, AQR Capital Management LLC bought a new stake in Cato during the second quarter worth approximately $102,000. Institutional investors own 61.10% of the company’s stock.

Cato Price Performance

CATO stock opened at $5.52 on Tuesday. The firm has a market cap of $113.46 million, a PE ratio of -6.57 and a beta of 1.13. The Cato Co. has a 12 month low of $4.27 and a 12 month high of $7.80. The firm has a 50 day simple moving average of $4.88 and a 200 day simple moving average of $5.18.

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

Cato Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 12.32%. The ex-dividend date of this dividend was Monday, September 16th. Cato’s payout ratio is -80.95%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Cato from a “buy” rating to a “hold” rating in a research report 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.