Cato Sees Unusually High Options Volume (NYSE:CATO)

Cato Corporation (The) (NYSE:CATO) saw some unusual options trading activity on Monday. Traders purchased 23,787 call options on the stock. This is an increase of approximately 3,246% compared to the typical daily volume of 711 call options.

Institutional Investors Weigh In On Cato

A hedge fund recently raised its stake in Cato stock. Goldman Sachs Group Inc. increased its holdings in Cato Corporation (The) (NYSE:CATO) by 76.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,437 shares of the specialty retailer’s stock after purchasing an additional 20,521 shares during the period. Goldman Sachs Group Inc. owned approximately 0.24% of Cato worth $158,000 as of its most recent SEC filing. 61.10% of the stock is currently owned by institutional investors.

Cato Trading Up 5.3%

Shares of NYSE CATO traded up $0.17 during midday trading on Monday, hitting $3.35. The company’s stock had a trading volume of 264,003 shares, compared to its average volume of 68,772. The stock has a fifty day moving average price of $2.98 and a 200 day moving average price of $3.12. Cato has a one year low of $2.56 and a one year high of $4.91. The firm has a market capitalization of $66.87 million, a price-to-earnings ratio of -338.16 and a beta of 0.59.

Cato (NYSE:CATO) last posted its earnings results on Tuesday, May 26th. The specialty retailer reported $0.47 earnings per share for the quarter. The business had revenue of $171.10 million for the quarter. Cato had a net margin of 0.01% and a return on equity of 0.05%.

About Cato

Cato Corporation is a specialty apparel retailer headquartered in Charlotte, North Carolina. Founded in 1946 by Carl and Bernice Cato, the company operates two banner store concepts—Cato and Versona—and maintains an e-commerce platform to extend its reach beyond brick-and-mortar locations. Cato’s retail mission centers on providing fashionable women’s clothing and accessories at moderate price points.

With over 1,200 stores across more than 30 U.S. states, primarily concentrated in the Southeastern and Mid-Atlantic regions, Cato serves a broad customer base seeking everyday and occasion-driven wardrobe solutions.