The Cato Corporation (CATO) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

May 30, 2018 - By Winifred Garcia

The Cato Corporation (NYSE:CATO) Logo

Investors sentiment increased to 1.02 in 2018 Q1. Its up 0.09, from 0.93 in 2017Q4. It is positive, as 18 investors sold The Cato Corporation shares while 40 reduced holdings. 21 funds opened positions while 38 raised stakes. 18.42 million shares or 3.00% less from 18.99 million shares in 2017Q4 were reported.
Aqr Cap Limited Liability Corporation reported 0.01% in The Cato Corporation (NYSE:CATO). Wellington Mngmt Group Incorporated Llp owns 2.15 million shares for 0.01% of their portfolio. Metropolitan Life Insur Ny holds 0% or 8,507 shares in its portfolio. Northern Tru Corporation holds 285,820 shares. Lsv Asset holds 0% or 67,700 shares in its portfolio. Moreover, Advsrs Preferred Lc has 0.01% invested in The Cato Corporation (NYSE:CATO). Robeco Institutional Asset Bv has 213,152 shares. Credit Suisse Ag reported 50,583 shares or 0% of all its holdings. Pnc Fincl Ser Gp holds 0% in The Cato Corporation (NYSE:CATO) or 30 shares. Renaissance Technologies Llc owns 0% invested in The Cato Corporation (NYSE:CATO) for 14,700 shares. 15,194 were accumulated by Hsbc Public Llc. Texas Permanent School Fund stated it has 0% of its portfolio in The Cato Corporation (NYSE:CATO). Lawson Kroeker Investment Mgmt Inc Ne holds 79,079 shares. Dimensional Fund Advsr Lp holds 0.01% of its portfolio in The Cato Corporation (NYSE:CATO) for 1.97M shares. Michigan-based Comerica Bank has invested 0% in The Cato Corporation (NYSE:CATO).

Since February 9, 2018, it had 1 buying transaction, and 0 insider sales for $1,132 activity.

The stock of The Cato Corporation (NYSE:CATO) hit a new 52-week high and has $24.82 target or 9.00 % above today’s $22.77 share price. The 5 months bullish chart indicates low risk for the $551.47M company. The 1-year high was reported on May, 30 by Barchart.com. If the $24.82 price target is reached, the company will be worth $49.63M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.15% or $0.03 during the last trading session, reaching $22.77. About 69,075 shares traded. The Cato Corporation (NYSE:CATO) has risen 2.78% since May 30, 2017 and is uptrending. It has underperformed by 9.79% the S&P500.

More recent The Cato Corporation (NYSE:CATO) news were published by: Fool.com which released: “Why Blue Apron Holdings, Cato, and Universal Jumped Today” on May 24, 2018. Also Seekingalpha.com published the news titled: “Cato cites favorable sales trends” on May 10, 2018. Seekingalpha.com‘s news article titled: “Cato bid up after profit beat” with publication date: May 24, 2018 was also an interesting one.

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories in the southeastern United States. The company has market cap of $551.47 million. It operates through two divisions, Retail and Credit. It has a 67.78 P/E ratio. The companyÂ’s stores and e-commerce Website offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags for women.

The Cato Corporation (NYSE:CATO) Institutional Positions Chart

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