Lawson Kroeker Investment Management Inc. NE reduced its position in Cato Corp (NYSE:CATO) by 19.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 93,641 shares of the specialty retailer’s stock after selling 22,358 shares during the period. Lawson Kroeker Investment Management Inc. NE’s holdings in Cato were worth $1,491,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new stake in shares of Cato during the second quarter valued at about $339,000. TIAA CREF Investment Management LLC increased its position in shares of Cato by 35.6% during the second quarter. TIAA CREF Investment Management LLC now owns 132,673 shares of the specialty retailer’s stock valued at $2,334,000 after buying an additional 34,838 shares during the period. State Street Corp increased its position in shares of Cato by 11.3% during the second quarter. State Street Corp now owns 880,952 shares of the specialty retailer’s stock valued at $15,494,000 after buying an additional 89,475 shares during the period. Aperio Group LLC bought a new stake in shares of Cato during the third quarter valued at about $450,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of Cato by 13.7% during the second quarter. Parametric Portfolio Associates LLC now owns 78,168 shares of the specialty retailer’s stock valued at $1,375,000 after buying an additional 9,434 shares during the period. Institutional investors and hedge funds own 87.45% of the company’s stock.

Cato Corp (CATO) traded down $0.27 during mid-day trading on Wednesday, hitting $13.58. 277,200 shares of the company traded hands, compared to its average volume of 390,630. The company has a market capitalization of $322.38, a PE ratio of 30.18 and a beta of 1.21. Cato Corp has a one year low of $12.20 and a one year high of $27.78.

Cato (NYSE:CATO) last posted its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The company had revenue of $190.30 million for the quarter, compared to analysts’ expectations of $188.00 million. Cato had a net margin of 1.31% and a return on equity of 3.04%. Cato’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 9.72%. The ex-dividend date was Friday, December 8th. Cato’s dividend payout ratio (DPR) is 293.33%.

Several equities research analysts have recently weighed in on CATO shares. TheStreet upgraded Cato from a “d+” rating to a “c-” rating in a research report on Wednesday, December 6th. BidaskClub cut Cato from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 5th.

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Cato Profile

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).

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Institutional Ownership by Quarter for Cato (NYSE:CATO)

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