Is The Cato Corporation (CATO) a Sell? The Stock Reaches Yearly Low Today

February 10, 2018 - By Winifred Garcia

Investors sentiment decreased to 1.16 in Q3 2017. Its down 0.24, from 1.4 in 2017Q2. It fall, 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.
Aqr Ltd Liability has invested 0% of its portfolio in The Cato Corporation (NYSE:CATO). Guggenheim Cap Lc stated it has 34,344 shares or 0% of all its holdings. Texas Permanent School Fund holds 17,290 shares or 0% of its portfolio. Pinebridge Invests Limited Partnership accumulated 0.01% or 41,451 shares. Amg Tru Bancorp reported 39,803 shares stake. Jefferies Gp Ltd Com holds 11,343 shares or 0% of its portfolio. Pnc Financial Grp owns 0% invested in The Cato Corporation (NYSE:CATO) for 267 shares. Federated Pa holds 0% or 593 shares. Intl Gp holds 19,082 shares or 0% of its portfolio. Burt Wealth Advsr has 100 shares for 0% of their portfolio. Bancorp Of Mellon holds 0% or 539,968 shares in its portfolio. Advisory Services Networks Limited Liability Company holds 0% or 30 shares. Balyasny Asset Lc has invested 0% of its portfolio in The Cato Corporation (NYSE:CATO). Thrivent For Lutherans holds 0% in The Cato Corporation (NYSE:CATO) or 14,420 shares. Susquehanna International Grp Llp holds 0% in The Cato Corporation (NYSE:CATO) or 48,800 shares.

The stock of The Cato Corporation (NYSE:CATO) hit a new 52-week low and has $11.02 target or 3.00 % below today’s $11.36 share price. The 5 months bearish chart indicates high risk for the $274.94 million company. The 1-year low was reported on Feb, 10 by Barchart.com. If the $11.02 price target is reached, the company will be worth $8.25M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 2.90% or $0.32 during the last trading session, reaching $11.36. About 288,674 shares traded or 6.45% up from the average. The Cato Corporation (NYSE:CATO) has declined 41.89% since February 10, 2017 and is downtrending. It has underperformed by 58.59% the S&P500.

More notable recent The Cato Corporation (NYSE:CATO) news were published by: Usnews.com which released: “Groups Call on Cato Corporation to Diversify Board” on May 19, 2017, also Streetinsider.com with their article: “Cato Corp. (CATO) Reports December Same-Store Sales Fall 9%” published on January 04, 2018, Streetinsider.com published: “Cato Corp. (CATO) Jan. Comps Decline 6%, Updates Guidance” on February 08, 2018. More interesting news about The Cato Corporation (NYSE:CATO) were released by: Seekingalpha.com and their article: “Huge Inventory Levels At CATO: Earnings Outlook Appears Bleak” published on June 05, 2017 as well as Realmoney.Thestreet.com‘s news article titled: “Fashion Retailer Cato Corp. Isn’t Dressed for Success” with publication date: January 05, 2018.

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 $274.94 million. It operates through two divisions, Retail and Credit. It has a 26.54 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.

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