Cato Corp (CATO)

• Sector: Consumer Discretionary
• Industry: Women’s Clothing Stores

Market Cap: 106M

About: The Cato Corp operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. Its primary objective is to be the fashion specialty retailer for fashion and value in its markets. The company operates through the following business segments: Retail and Credit. The Retail segment which generates the majority of revenue offers fashion specialty stores. The Credit segment involves credit card services.

Employees: 7,300

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 2 (+0) [Q1 2024]

0.22% less ownership

Funds ownership: 51.0% [Q4 2023] → 50.77% (-0.22%) [Q1 2024]

9% less funds holding

Funds holding: 78 [Q4 2023] → 71 (-7) [Q1 2024]

19% less capital invested

Capital invested by funds: $68.4M [Q4 2023] → $55.2M (-$13.2M) [Q1 2024]

42% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 31

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

78% less call options, than puts

Call options by funds: $50K | Put options by funds: $223K