The stock of Cato Corp (NYSE:CATO) is a huge mover today! About 288,820 shares traded hands or 121.53% up from the average. Cato Corp (NYSE:CATO) has declined 9.33% since March 3, 2016 and is downtrending. It has underperformed by 17.67% the S&P500.
The move comes after 7 months negative chart setup for the $827.83 million company. It was reported on Oct, 6 by Barchart.com. We have $27.97 PT which if reached, will make NYSE:CATO worth $41.39 million less.
According to Zacks Investment Research, “The Cato Corporation operates as a specialty retailer of women’s fashions and accessories in the United States. Its apparel and accessories, includes dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry and handbags. The Cato Corporation is based in Charlotte, North Carolina.”
Insitutional Activity: The institutional sentiment increased to 1.1 in Q2 2016. Its up 0.24, from 0.86 in 2016Q1. The ratio increased, 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.
Natl Bank Of America De has invested 0% of its portfolio in Cato Corp (NYSE:CATO). Sit Incorporated accumulated 1,400 shares or 0% of the stock. Alps Advsr Incorporated accumulated 10,859 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Cato Corp (NYSE:CATO). Schwab Charles Investment Mngmt has invested 0.01% of its portfolio in Cato Corp (NYSE:CATO). Moreover, Voya Invest Mngmt Ltd has 0% invested in Cato Corp (NYSE:CATO) for 13,019 shares. Rhumbline Advisers has invested 0.01% of its portfolio in Cato Corp (NYSE:CATO). Hancock Hldg Comm holds 0.04% of its portfolio in Cato Corp (NYSE:CATO) for 23,000 shares. The New York-based Financial Bank Of New York Mellon Corp has invested 0% in Cato Corp (NYSE:CATO). Great West Life Assurance Company Can accumulated 0% or 3,688 shares. Brown Advisory Incorporated, a Maryland-based fund reported 640,870 shares. The Arizona-based Tci Wealth has invested 0.01% in Cato Corp (NYSE:CATO). Prudential Fincl accumulated 0.01% or 127,347 shares. Aqr Capital Mngmt Limited Liability Company accumulated 0% or 49,191 shares. Art Advsr Ltd Llc last reported 7,282 shares in the company.
More notable recent Cato Corp (NYSE:CATO) news were published by: Streetinsider.com which released: “Cato Corp. (CATO) September Comps Fell 9%; Cuts Q3 Outlook” on October 06, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on December 22, 2009, Rttnews.com published: “Cato Corp. (CATO) Has Fallen To A New Low After Q3 Forecast Cut” on October 06, 2016. More interesting news about Cato Corp (NYSE:CATO) were released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011 as well as Bizjournals.com‘s news article titled: “Cato CEO sees 57% jump in compensation” with publication date: April 22, 2015.
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.
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