The Cato Co. (NYSE:CATO) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of The Cato Co. (NYSE:CATO) by 40.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,621 shares of the specialty retailer’s stock after acquiring an additional 24,522 shares during the period. JPMorgan Chase & Co. owned about 0.42% of Cato worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its position in Cato by 130.9% during the third quarter. Barclays PLC now owns 5,155 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 2,922 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Cato during the 2nd quarter valued at about $36,000. AQR Capital Management LLC purchased a new position in shares of Cato in the 2nd quarter valued at about $102,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cato in the 2nd quarter valued at about $144,000. Finally, Verum Partners LLC boosted its position in Cato by 19.6% during the third quarter. Verum Partners LLC now owns 32,508 shares of the specialty retailer’s stock worth $162,000 after purchasing an additional 5,335 shares in the last quarter. 61.10% of the stock is currently owned by hedge funds and other institutional investors.

Cato Price Performance

Cato stock opened at $3.62 on Thursday. The stock has a market capitalization of $74.38 million, a PE ratio of -2.62 and a beta of 0.86. The business has a 50 day simple moving average of $3.63 and a 200-day simple moving average of $4.68. The Cato Co. has a 12 month low of $3.02 and a 12 month high of $7.11.

Cato (NYSE:CATO) last issued its quarterly earnings results on Thursday, November 21st. The specialty retailer reported ($0.79) EPS for the quarter. Cato had a negative return on equity of 14.41% and a negative net margin of 4.11%.

Cato 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, as well as men's wear, and lines for kids and infants.