Time to Reconsider Cato Corporation (NYSE:CATO) After Less Short Sellers?

January 14, 2018 - By Henry Gaston

 Time to Reconsider Cato Corporation (NYSE:CATO) After Less Short Sellers?

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.24, from 1.4 in 2017Q2. It dived, as 14 investors sold The Cato Corporation shares while 44 reduced holdings. 25 funds opened positions while 42 raised stakes. 19.76 million shares or 4.48% less from 20.68 million shares in 2017Q2 were reported.
Svcs Automobile Association holds 0.01% or 231,652 shares in its portfolio. First Interstate Financial Bank holds 0.01% of its portfolio in The Cato Corporation (NYSE:CATO) for 4,500 shares. Dean Assoc Ltd accumulated 170,190 shares or 0.34% of the stock. Meeder Asset Mngmt accumulated 0% or 952 shares. Moreover, Jefferies Grp Inc has 0% invested in The Cato Corporation (NYSE:CATO). Metropolitan Life Insur Ny has invested 0% in The Cato Corporation (NYSE:CATO). Walleye Trading Limited Liability Company holds 15,478 shares. Aqr Lc invested in 48,039 shares. Moreover, Advisory Network Ltd Liability Co has 0% invested in The Cato Corporation (NYSE:CATO) for 30 shares. Brookstone Cap Management reported 10,676 shares stake. Ny State Common Retirement Fund holds 26,300 shares. 31,627 are held by Alliancebernstein Limited Partnership. Vanguard Group Inc holds 0% or 2.06 million shares. Minnesota-based Ameriprise Fin has invested 0% in The Cato Corporation (NYSE:CATO). Pnc Fincl Svcs Grp owns 0% invested in The Cato Corporation (NYSE:CATO) for 267 shares.

The stock of Cato Corporation (NYSE:CATO) registered a decrease of 5% in short interest. CATO’s total short interest was 1.48M shares in January as published by FINRA. Its down 5% from 1.55M shares, reported previously. With 293,300 shares average volume, it will take short sellers 5 days to cover their CATO’s short positions. The short interest to Cato Corporation’s float is 6.29%.

The stock decreased 1.21% or $0.17 during the last trading session, reaching $13.85. About 175,624 shares traded. The Cato Corporation (NYSE:CATO) has declined 41.89% since January 14, 2017 and is downtrending. It has underperformed by 58.59% the S&P500.

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 $335.21 million. It operates through two divisions, Retail and Credit. It has a 32.36 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.

More notable recent The Cato Corporation (NYSE:CATO) news were published by: Bizjournals.com which released: “EXCLUSIVE: Lincoln Harris, Cato plan major mixed-use project on former Knights …” on February 09, 2017, also Charlotteobserver.com with their article: “Charlotte’s Cato Corporation upsets shareholder in blocking LGBT request” published on March 28, 2017, Streetinsider.com published: “Cato Corp. (CATO) Reports December Same-Store Sales Fall 9%” on January 04, 2018. More interesting news about The Cato Corporation (NYSE:CATO) were released by: Charlotteobserver.com and their article: “‘All white men’: Charlotte women’s retailer criticized over board makeup” published on May 18, 2017 as well as Seekingalpha.com‘s news article titled: “No, Cato Isn’t Cheap Enough” with publication date: March 20, 2017.

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