Dimensional Fund Advisors LP Has $3.47 Million Stock Holdings in The Cato Co. (NYSE:CATO)

Dimensional Fund Advisors LP lowered its holdings in shares of The Cato Co. (NYSE:CATO) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 889,620 shares of the specialty retailer’s stock after selling 36,565 shares during the period. Dimensional Fund Advisors LP’s holdings in Cato were worth $3,469,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Peapod Lane Capital LLC bought a new position in Cato in the fourth quarter worth approximately $2,257,000. Arrowstreet Capital Limited Partnership increased its position in shares of Cato by 8.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 294,905 shares of the specialty retailer’s stock valued at $1,150,000 after acquiring an additional 22,333 shares during the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Cato during the fourth quarter valued at approximately $570,000. JPMorgan Chase & Co. increased its position in shares of Cato by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 85,621 shares of the specialty retailer’s stock valued at $427,000 after acquiring an additional 24,522 shares during the last quarter. Finally, Marquette Asset Management LLC increased its position in Cato by 9.2% in the fourth quarter. Marquette Asset Management LLC now owns 83,795 shares of the specialty retailer’s stock worth $327,000 after buying an additional 7,053 shares during the last quarter. Institutional investors and hedge funds own 61.10% of the company’s stock.

Cato Price Performance

NYSE:CATO opened at $2.66 on Wednesday. The business has a fifty day simple moving average of $2.75 and a two-hundred day simple moving average of $3.58. The Cato Co. has a 1 year low of $2.19 and a 1 year high of $6.70. The company has a market capitalization of $53.41 million, a P/E ratio of -1.93 and a beta of 0.71.

Cato (NYSE:CATO) last announced its quarterly earnings results on Thursday, March 20th. The specialty retailer reported ($0.74) earnings per share for the quarter. The company had revenue of $155.29 million during the quarter. Cato had a negative net margin of 4.11% and a negative return on equity of 14.41%.

About Cato

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.