Cato Corp (NYSE:CATO) Shares Dropped -35.69% In A Week. Can It Continue Rising?

In last trading session, Cato Corp (NYSE:CATO) saw 0.35 million shares changing hands with its beta currently measuring 0.97. Company’s recent per share price level of $3.19 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $65.52M. That closing price of CATO’s stock is at a discount of -144.51% from its 52-week high price of $7.80 and is indicating a premium of 5.33% from its 52-week low price of $3.02. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.3 million shares which gives us an average trading volume of 118.00K if we extend that period to 3-months.

Cato Corp (NYSE:CATO) trade information

Cato Corp’s shares saw a change of -55.32% in year-to-date performance and have moved -35.69% in past 5-day. Cato Corp (NYSE:CATO) showed a performance of -48.71% in past 30-days. Number of shares sold short was 0.52 million shares which calculate 5.27 days to cover the short interests.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

CATO Dividends

Cato Corp is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 21.32%, the share has a forward dividend of 0.68 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 7.73%.

Cato Corp (NYSE:CATO)’s Major holders

Insiders are in possession of 9.81% of company’s total shares while institution are holding 43.13 percent of that, with stock having share float percentage of 47.82%. Investors also watch the number of corporate investors in a company very closely, which is 43.13% institutions for Cato Corp that are currently holding shares of the company. DIMENSIONAL FUND ADVISORS LP is the top institutional holder at CATO for having 1.02 million shares of worth $5.64 million. And as of 2024-06-30, it was holding 5.2609 of the company’s outstanding shares.

The second largest institutional holder is ALDEBARAN CAPITAL, LLC, which was holding about 0.92 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.7732 of outstanding shares, having a total worth of $5.12 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 552.77 shares of worth $1.76 million or 2.94% of the total outstanding shares. The later fund manager was in possession of 255.76 shares on Jun 30, 2024 , making its stake of worth around $0.82 million in the company or a holder of 1.36% of company’s stock.