TIAA CREF Investment Management LLC grew its holdings in shares of Cato Corporation (The) (NYSE:CATO) by 35.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,673 shares of the specialty retailer’s stock after acquiring an additional 34,838 shares during the period. TIAA CREF Investment Management LLC owned about 0.53% of Cato Corporation (The) worth $2,334,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CATO. Denver Investment Advisors LLC lifted its position in shares of Cato Corporation (The) by 50.3% during the second quarter. Denver Investment Advisors LLC now owns 700,099 shares of the specialty retailer’s stock worth $12,315,000 after purchasing an additional 234,436 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Cato Corporation (The) during the second quarter worth about $2,633,000. Systematic Financial Management LP bought a new position in shares of Cato Corporation (The) during the second quarter worth about $1,361,000. Russell Investments Group Ltd. lifted its position in shares of Cato Corporation (The) by 45.8% during the second quarter. Russell Investments Group Ltd. now owns 38,779 shares of the specialty retailer’s stock worth $682,000 after purchasing an additional 12,179 shares during the last quarter. Finally, Airain ltd lifted its position in shares of Cato Corporation (The) by 15.3% during the second quarter. Airain ltd now owns 31,598 shares of the specialty retailer’s stock worth $556,000 after purchasing an additional 4,199 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

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Cato Corporation (NYSE:CATO) opened at 12.96 on Monday. Cato Corporation has a 12 month low of $12.20 and a 12 month high of $36.64. The stock’s 50 day moving average is $13.33 and its 200 day moving average is $16.96. The company has a market cap of $321.80 million, a PE ratio of 20.47 and a beta of 1.13.

Cato Corporation (The) (NYSE:CATO) last posted its quarterly earnings data on Thursday, August 17th. The specialty retailer reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.14). Cato Corporation (The) had a return on equity of 4.37% and a net margin of 1.92%. The company had revenue of $207.00 million for the quarter, compared to the consensus estimate of $209.50 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. Equities analysts predict that Cato Corporation will post $0.85 earnings per share for the current year.

CATO has been the topic of several research analyst reports. TheStreet cut shares of Cato Corporation (The) from a “c” rating to a “d+” rating in a research report on Thursday, August 17th. BidaskClub raised shares of Cato Corporation (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th.

In related news, Director Daniel Harding Stowe acquired 7,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average price of $14.27 per share, for a total transaction of $99,890.00. Following the acquisition, the director now owns 16,686 shares in the company, valued at approximately $238,109.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.58% of the company’s stock.

About Cato Corporation (The)

The Cato Corporation 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 has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).

Institutional Ownership by Quarter for Cato Corporation (The) (NYSE:CATO)

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