Stock of the Day: After Today’s Big Increase, Is Cato Corp’s Near-Term Analysis Positive?

Stock of the Day: After Today's Big Increase, Is Cato Corp's Near Term Analysis Positive?

The stock of Cato Corp (NYSE:CATO) is a huge mover today! About 107,041 shares traded hands. Cato Corp (NYSE:CATO) has declined 17.96% since April 18, 2016 and is downtrending. It has underperformed by 22.39% the S&P500.
The move comes after 8 months positive chart setup for the $783.93 million company. It was reported on Nov, 18 by Barchart.com. We have $42.80 PT which if reached, will make NYSE:CATO worth $266.54 million more.

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 1.46 in 2016 Q2. Its up 0.36, from 1.1 in 2016Q1. The ratio improved, 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.
Financial Bank Of Mellon Corp, a New York-based fund reported 390,436 shares. Arizona State Retirement System holds 13,450 shares or 0.01% of its portfolio. Brown Advisory Incorporated accumulated 640,870 shares or 0.08% of the stock. California State Teachers Retirement Sys accumulated 0% or 53,566 shares. Prudential accumulated 127,347 shares or 0.01% of the stock. Advisory Services Networks Ltd Com owns 1,854 shares or 0.02% of their US portfolio. Morgan Stanley last reported 59,057 shares in the company. Dimensional Fund Advsrs Lp holds 0.03% of its portfolio in Cato Corp (NYSE:CATO) for 1.18M shares. Grantham Mayo Van Otterloo And Lc has 0% invested in the company for 8,700 shares. Pnc Grp Inc owns 20,780 shares or 0% of their US portfolio. Amp Capital Invsts last reported 11,700 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Cato Corp (NYSE:CATO) for 665 shares. Tiaa Cref Investment Mgmt Limited Liability Co accumulated 80,152 shares or 0% of the stock. Paradigm Asset Mgmt Ltd Liability Corporation holds 9,200 shares or 0% of its portfolio. Citigroup Incorporated reported 17,612 shares or 0% of all its holdings.

More notable recent Cato Corp (NYSE:CATO) news were published by: Reuters.com which released: “BRIEF-Cato Corp increases share repurchase authorization” on November 18, 2016, also Streetinsider.com with their article: “Cato Corp. (CATO) Declares $0.33 Quarterly Dividend; Increases Stock Buyback …” published on November 18, 2016, Charlotteobserver.com published: “UNCC gets $5 million donation from Charlotte-based Cato Corp” on November 11, 2016. More interesting news about Cato Corp (NYSE:CATO) were released by: Finance.Yahoo.com and their article: “Cato Corp Repeats Dismal Trend, September Comps Fall 8%” published on October 10, 2016 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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