Cato’s (NYSE:CATO) same-store sales decreased by 7% in the month of March. Cato’s stock fell by 0.7% in the first full-day of trading following the news.

Cato stock opened at $14.48 on Thursday. Cato has a 12-month low of $13.04 and a 12-month high of $26.88. The firm has a market cap of $346.38 million, a P/E ratio of 11.55 and a beta of 0.41.

Cato (NYSE:CATO) last released its quarterly earnings results on Thursday, March 21st. The specialty retailer reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.11). Cato had a return on equity of 9.26% and a net margin of 3.67%. The firm had revenue of $192.44 million for the quarter.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were paid a dividend of $0.33 per share. This is an increase from Cato’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, March 8th. This represents a $1.32 annualized dividend and a yield of 9.12%.

A number of institutional investors have recently added to or reduced their stakes in CATO. Wells Fargo & Company MN increased its stake in Cato by 12.3% during the 3rd quarter. Wells Fargo & Company MN now owns 41,483 shares of the specialty retailer’s stock worth $872,000 after buying an additional 4,547 shares during the period. Bank of New York Mellon Corp increased its stake in Cato by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 634,910 shares of the specialty retailer’s stock worth $13,346,000 after buying an additional 17,792 shares during the period. Dimensional Fund Advisors LP increased its stake in Cato by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,965,108 shares of the specialty retailer’s stock worth $41,307,000 after buying an additional 10,963 shares during the period. Renaissance Technologies LLC increased its stake in Cato by 646.6% during the 3rd quarter. Renaissance Technologies LLC now owns 109,750 shares of the specialty retailer’s stock worth $2,307,000 after buying an additional 95,050 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of Cato by 31.5% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 24,133 shares of the specialty retailer’s stock worth $507,000 after purchasing an additional 5,775 shares during the last quarter. 81.14% of the stock is currently owned by hedge funds and other institutional investors.

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Cato Company Profile

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce Websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants.

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